Fulton Financial Corporation (NASDAQ:FULT) finished Friday with a subtraction of -$0.02 to close at $13.98, a downside of -0.14 percent. An average of 724,520 shares of common stock have been traded in the last five days. There was a fall of -$0.53 in the past week, and it reached a new high 16 times over the past 12 months. The last 20 days have seen an average of 1,255,935 shares traded, while the 50-day average volume stands at 2,015,962.
FULT stock has increased by 11.39% in the last month. The company shares reached their 1-month lowest point of $12.14 on 07/14/23. With the stock rallying to its 52-week high on 02/15/23, shares of the company touched a low of $9.64 and a high of $18.85 in 52 weeks. It has reached a new high 11 times so far this year and lost -16.93% or -$2.85 in price. In spite of this, the price is down -25.83% from the 52-week high.
Insider Transactions
FULT stock investors should be aware that Fulton Financial Corporation (FULT) stock had its last reported insider trading activity 101 days ago on May 12. In this transaction, the insider spent $117,636. Director, Wenger E Philip, disposed of 1 shares at a price of $15.33 on Mar 16. The insider now owns more than $8 worth of shares. Prior to that, SEVP Mueller Meg R went on to Sale 9,952 shares at $15.71 each on Mar 14. An amount of $156,327 was transacted.
Valuation Metrics
Fulton Financial Corporation (FULT) has a trailing price-to-earnings (P/E) ratio of 8.10. The stock’s beta is 0.80. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.12, the price-to-book (PB) ratio at 0.96, and the price-to-cash flow ratio at 5.10.
The company has a payout ratio of 35.00%. The company’s most recent quarterly dividend payment was $0.16 a share, representing a up of 6.67% from $0.15 last year. Its latest increase dividend $0.01 reported on Tuesday June 20 2023.
Financial Health
Further, the company has a long term debt to equity ratio of 0.22 and a total debt to equity ratio of 0.22 for the quarter ending June 29. Its gross profit as reported stood at $781.63 million compared to revenue of $864.84 million.
Earnings Surprise
For the three-month period that ended June 29, Fulton Financial Corporation had $2.72 billion in total debt. The analyst consensus anticipated Fulton Financial Corporation’s latest quarter earnings to come in at $0.42 per share, but it turned out to be $0.46, a 9.50% surprise. At the end of the quarter ending June 29, Fulton Financial Corporation’s stock balance sheet showed total debt was $3.01 billion. Shareholders own equity worth $164.03 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Fulton Financial Corporation (FULT) price momentum. RSI 9-day as of the close on 11 August was 50.77%, suggesting the stock is Neutral, with historical volatility in this time frame at 21.15%.
As of today, FULT’s price is $14.20 -3.65% or -$0.53 from its 5-day moving average. FULT is currently trading +13.75% higher than its 20-day SMA and -3.59% lower than its 100-day SMA. However, the stock’s current price level is +25.27% above the SMA50 and -20.02% below the SMA200.
The stochastic %K and %D were 41.82% and 55.27%, respectively, and the average true range (ATR) was 0.37. With the 14-day stochastic at 29.61% and the average true range at 0.38, the RSI (14) stands at 56.34%. The stock has reached -0.29 on the 9-day MACD Oscillator while the 14-day reading was at -0.23.
Analyst Ratings
Janney launched coverage on Fulton Financial Corporation (NASDAQ: FULT) in its analyst report released on January 10, 2023. The firm assigned the stock a Neutral rating. The consensus rating for Fulton Financial Corporation (FULT) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell FULT, while 7 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.
What is FULT’s price target for the next 12 months?
Analysts predict a range of price targets between $13.00 and $15.00, with a median target of $14.00. Taking a look at these predictions, the average price target given by analysts for Fulton Financial Corporation (FULT) stock is $14.14.
