As of Friday close, Fulton Financial Corporation’s (NASDAQ:FULT) stock was down -$0.09, moving down -0.68 percent to $13.17. The average number of shares traded per day over the past five days has been 759,400 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.81 fall in that time frame. In the last twenty days, the average volume was 1,041,275, while in the previous 50 days, it was 1,947,328.
Since last month, FULT stock retreated -2.59%. Shares of the company fell to $12.93 on 07/19/23, the lowest level in the past month. A 52-week high of $18.85 was reached on 02/15/23 after having rallying from a 52-week low of $9.64. Since the beginning of this year, FULT’s stock price has dropped by -21.75% or -$3.66, and marked a new high 11 times. However, the stock has declined by -30.13% since its 52-week high.
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FULT stock investors should be aware that Fulton Financial Corporation (FULT) stock had its last reported insider trading activity 99 days ago on May 12. Myers Curtis J, the Chairman & CEO of the company, purchased of 15,000 shares for $9.81 on May 12. It resulted in a $147,156 investment by the insider. MCCOLLOM MARK R added 10,000 shares at an average price of $9.74 on May 11. The insider now owns 71,503 shares following the transaction. On May 03, Sr Executive Vice President Campbell David M sold 10,514 shares at $11.19 apiece. The transaction was valued at $117,636.
Valuation Metrics
Right now, Fulton Financial Corporation (FULT) has a P/E ratio of about 7.63. The stock’s beta is 0.81. Besides these, the trailing price-to-sales (P/S) ratio of 1.98, the price-to-book (PB) ratio of 0.89, and the price-to-cash flow ratio of 2.72 may also be considered.
The latest dividend of $0.16 per share was paid out, which is 6.67% more than last year’s $0.15. On Tuesday June 20 2023, a $0.01 dividend increase was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.22, and the total debt-to-equity ratio was 0.22. In the year ended June 29, operating margins totaled 72.50%. Based on annual data, FULT earned $781.63 million in gross profit and brought in $864.84 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 23.70%. Return on equity (ROE) for the past 12 months was 12.20%.
In Fulton Financial Corporation’s quarter-end financial report for June 29, it reported total debt of $2.72 billion. 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 $0.42 quarterly earnings, the actual figure was $0.46 per share, beating the consensus estimate by 9.50%. The value of shareholders’ equity is $164.03 million.
Technical Picture
This quick technical analysis looks at Fulton Financial Corporation’s (FULT) price momentum. With a historical volatility rate of 16.01%, the RSI 9-day stood at 33.64% on 18 August.
With respect to its five-day moving average, the current Fulton Financial Corporation price is down by -5.79% percent or -$0.81. At present, FULT shares trade -1.72% below its 20-day simple moving average and -6.26% percent below its 100-day simple moving average. However, the stock is currently trading approximately -0.38% below its SMA50 and -27.76% below its SMA200.
Stochastic coefficient K was 5.75% and Stochastic coefficient D was 4.79%, while ATR was 0.33. Given the Stochastic reading of 4.96% for the 14-day period, the RSI (14) reading has been calculated as 42.63%. As of today, the MACD Oscillator reading stands at -0.48, while the 14-day reading stands at -0.77.
Analyst Ratings
Janney launched its rating on Fulton Financial Corporation (NASDAQ: FULT) to a Neutral in a note to investors on January 10, 2023. Fulton Financial Corporation (FULT) has been rated Hold by analysts. According to 0 brokerage firms, FULT is a sell, and 7 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 1 recommending it as overweight.
With a median target price of $14.00, the current consensus forecast for the stock is $13.00 – $15.00. Based on these forecasts, analysts predict Fulton Financial Corporation (FULT) will achieve an average price target of $14.14.
