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.
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.
