The stock of Fulton Financial Corporation (NASDAQ:FULT) decreased by -$0.09 on Friday to finish at $12.95, down -0.69 percent. The last five days have seen an average of 781,740 shares of common stock traded. 11 times new highs were reached in the current year, with a fall of -$3.88. The average number of shares traded over the last 20 days was 846,055, while the average volume over the last 50 days totaled 1,855,636.
FULT stock dropped -8.55% since last month. On 08/23/23, the company’s shares reached a one-month low of $12.62. The stock touched a high of $18.85 on 02/15/23, after rallying from a low of $9.64 in 52 weeks. The price of FULT stock has declined by -23.05% or -$3.88 this year, reaching a new high 11 times. Still, the stock price is down -31.29% from the 52-week high.
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Insider Transactions
FULT stock investors should be aware that Fulton Financial Corporation (FULT) stock had its last reported insider trading activity 108 days ago on May 12. On May 12, Chairman & CEO Myers Curtis J acquired 15,000 shares at $9.81 each. This transaction resulted in the insider spending $147,156. On May 11, MCCOLLOM MARK R added 10,000 shares at a price of US$9.74. After the transaction, the insider now owns 71,503 shares. Sr Executive Vice President Campbell David M had earlier sold 10,514 shares on May 03 for $11.19 a share. The transaction was completed for $117,636.
Valuation Metrics
Fulton Financial Corporation (FULT) has a trailing price-to-earnings (P/E) ratio of 7.51. Beta for the stock is 0.81. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.93, the price-to-book (PB) ratio of 0.88, and the price-to-cash flow ratio of 2.66.
Company paid $0.16 per share in dividends, an increase of 6.67% from $0.15 last year. A $0.01 dividend increase was reported on Tuesday June 20 2023.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.22, and the total debt to equity ratio is 0.22. Fulton Financial Corporation’s operating margin stood at 72.50% for the same period. Based on annual data, it had gross profit of $781.63 million and revenue of $864.84 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. FULT’s return on assets (ROA) during the last 12 months has been 1.10%. There was a 23.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 12.20%.
Earnings Surprise
According to Fulton Financial Corporation’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. It was predicted that Fulton Financial Corporation’s quarterly earnings would be $0.46, but it ended up being $0.42, beating the consensus by 9.50%. At the end of Fulton Financial Corporation’s most recent quarter ended June 29, its total debt was $3.01 billion. Equity owned by shareholders amounts to $164.03 million.
Technical Picture
Here’s a quick look at Fulton Financial Corporation’s (FULT) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 36.23%, suggesting the stock is Neutral, with a 23.64% historical volatility rate.
The stochastic %K and %D were 17.20% and 11.48% respectively, while the average true range (ATR) was 0.36. Based on the 14-day stochastic reading of 19.19%, the RSI (14) reading is 41.61%. On the 9-day MACD Oscillator, the stock is at -0.10, and the 14-day reading is at -0.45.
Analyst Ratings
In its analyst report released on January 10, 2023, Janney began covering Fulton Financial Corporation (NASDAQ: FULT). The stock was rated as a Neutral by the brokerage firm. Analysts have assigned Fulton Financial Corporation (FULT) an Hold rating. FULT is a stock that is recommended for selling by 0 brokerage firms, while 7 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 1 other recommend it as a buy.
What is FULT’s price target for the next 12 months?
The current consensus forecast for the stock is between $13.00 and $15.00, with a median target price of $14.00. In analyzing these forecasts, the average price target given by analysts for Fulton Financial Corporation (FULT) is $14.14.
