Is Fulton Financial Corporation (FULT) Stock Cheap Or Risky?

As of Wednesday close, Fulton Financial Corporation’s (NASDAQ:FULT) stock was down -$0.12, moving down -0.70 percent to $17.11. The average number of shares traded per day over the past five days has been 843,920 shares. 2 times new highs have been achieved over the past 5 days, with a $0.50 gain in that time frame. In the last twenty days, the average volume was 673,525, while in the previous 50 days, it was 935,020.

Since last month, FULT stock rose 3.45%. Shares of the company fell to $15.96 on 10/27/21, the lowest level in the past month. A 52-week high of $18.41 was reached on 03/18/21 after having rallying from a 52-week low of $12.25. Since the beginning of this year, FULT’s stock price has risen by 34.51% or $4.39, and marked a new high 21 times. However, the stock has declined by -7.06% since its 52-week high.


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Insider Transactions

Fulton Financial Corporation (FULT) last reported insider trading activity 3 days ago on Nov 22. Campbell David M, the Sr Executive Vice President of the company, purchased of 10,300 shares for $17.00 on Nov 22. It resulted in a $175,096 investment by the insider. Stolzer Daniel R sold 6,000 shares at an average price of $16.94 on Oct 21. The insider now owns 7,375 shares following the transaction. On May 18, SEVP Mueller Meg R sold 11,250 shares at $17.68 apiece. The transaction was valued at $198,915.

Valuation Metrics

Right now, Fulton Financial Corporation (FULT) has a P/E ratio of about 11.00. This is lower than the industry average, which comes in at 12.55 right now. Further, its PE also compares favorably with the overall sector’s trailing 12 months PE ratio, which currently stands at 13.23. Within the last five years, Fulton Financial Corporation’s PE ratio varied between 21.26 and 7.580. The stock’s beta is 0.84. Besides these, the trailing price-to-sales (P/S) ratio of 3.80, the price-to-book (PB) ratio of 1.11, and the price-to-cash flow ratio of 8.56 may also be considered.

Dividends from Fulton Financial Corporation are $0.56 per share each year. FULT has a payout ratio of 34.50% and a dividend yield of 3.27%. The latest dividend of $0.08 per share was paid out, which is -42.86% less than last year’s $0.14. On Friday November 19 2021, a $0.06 dividend decrease was announced, making it the 1 consecutive year of dividend increases. There has been a 18.18% increase in dividends during the last three years.

According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.25, and the total debt-to-equity ratio was 0.25. In the year ended June 29, operating margins totaled 88.90%. Based on annual data, FULT earned $629.21 million in gross profit and brought in $742.88 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 18.00%. Return on equity (ROE) for the past 12 months was 10.30%. In the past year, the industry average ROE stood at 11.10.

Earnings Surprise

In Fulton Financial Corporation’s quarter-end financial report for June 29, it reported total debt of $627.39 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Fulton Financial Corporation to report $0.33 quarterly earnings, the actual figure was $0.38 per share, beating the consensus estimate by 15.20%. The value of shareholders’ equity is $161.3 million.

Technical Picture

This quick technical analysis looks at Fulton Financial Corporation’s (FULT) price momentum. With a historical volatility rate of 16.56%, the RSI 9-day stood at 60.30% on 24 November.

With respect to its five-day moving average, the current Fulton Financial Corporation price is up by +3.01% percent or $0.50. At present, FULT shares trade +7.14% above its 20-day simple moving average and +11.61% percent above its 100-day simple moving average. However, the stock is currently trading approximately +12.86% above its SMA50 and +13.09% above its SMA200.

Stochastic coefficient K was 76.81% and Stochastic coefficient D was 69.00%, while ATR was 0.35. Given the Stochastic reading of 75.65% for the 14-day period, the RSI (14) reading has been calculated as 58.84%. As of today, the MACD Oscillator reading stands at 0.25, while the 14-day reading stands at 0.23.

Analyst Ratings

Raymond James upgraded its rating on Fulton Financial Corporation (NASDAQ: FULT) to an Outperform in a note to investors on June 17, 2020. The analysts firm previously had a Mkt perform rating on the stock.Fulton Financial Corporation (FULT) has been rated Hold by analysts. According to 0 brokerage firms, FULT is a sell, and 9 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Fulton Financial Corporation stock as buy, with 0 recommending it as overweight.

What is FULT’s price target for the next 12 months?

With a median target price of $17.50, the current consensus forecast for the stock is $16.00 – $18.50. Based on these forecasts, analysts predict Fulton Financial Corporation (FULT) will achieve an average price target of $17.42.

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