During the last session, Fulton Financial Corp (NASDAQ:FULT)’s traded shares were 0.84 million, with the beta value of the company hitting 0.75. At the end of the trading day, the stock’s price was $18.06, reflecting an intraday loss of -0.28% or -$0.05. The 52-week high for the FULT share is $20.33, that puts it down -12.57 from that peak though still a striking 28.74% gain since the share price plummeted to a 52-week low of $12.87. The company’s market capitalization is $3.29B, and the average intraday trading volume over the past 10 days was 1.36 million shares, and the average trade volume was 1.35 million shares over the past three months.
Fulton Financial Corp (FULT) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.71. FULT has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.43.
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Fulton Financial Corp (NASDAQ:FULT) trade information
Fulton Financial Corp (FULT) registered a -0.28% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -0.28% in intraday trading to $18.06, hitting a weekly high. The stock’s 5-day price performance is 3.26%, and it has moved by 5.06% in 30 days. Based on these gigs, the overall price performance for the year is 37.97%. The short interest in Fulton Financial Corp (NASDAQ:FULT) is 5.47 million shares and it means that shorts have 3.57 day(s) to cover.
The consensus price target of analysts on Wall Street is $20, which implies an increase of 9.7% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $17.5 and $21 respectively. As a result, FULT is trading at a discount of -16.28% off the target high and 3.1% off the low.
Fulton Financial Corp (FULT) estimates and forecasts
Statistics show that Fulton Financial Corp has outperformed its competitors in share price, compared to the industry in which it operates. Fulton Financial Corp (FULT) shares have gone up 6.05% during the last six months, with a year-to-date growth rate more than the industry average at 2.34% against -4.90. In the rating firms’ projections, revenue will increase 10.70% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 249.75M as predicted by 6 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to 241.25M by the end of current fiscal year.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 6.84%. While earnings are projected to return -0.78% in 2024, the next five years will return 8.00% per annum.
FULT Dividends
Fulton Financial Corp is due to release its next quarterly earnings on 2025-Jan-14. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Fulton Financial Corp is 0.68, with the dividend yield indicating at 3.77 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 3.93%.
Fulton Financial Corp (NASDAQ:FULT)’s Major holders
Fulton Financial Corp insiders own 1.00% of total outstanding shares while institutional holders control 79.09%, with the float percentage being 79.89%. BLACKROCK INC. is the largest shareholder of the company, while 377.0 institutions own stock in it. As of 2024-06-30, the company held over 26.23 million shares (or 16.118% of all shares), a total value of $445.3 million in shares.
The next largest institutional holding, with 21.18 million shares, is of VANGUARD GROUP INC’s that is approximately 13.0198% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $359.7 million.
