DA Davidson Analysts Decrease Earnings Estimates for FULT

Fulton Financial Co. (NASDAQ:FULT) – Equities research analysts at DA Davidson lowered their FY2025 earnings per share (EPS) estimates for shares of Fulton Financial in a research note issued to investors on Thursday, December 19th. DA Davidson analyst M. Navas now anticipates that the bank will post earnings of $1.72 per share for the year, down from their previous forecast of $1.74. The consensus estimate for Fulton Financial’s current full-year earnings is $1.74 per share.

Fulton Financial (NASDAQ:FULT) last posted its quarterly earnings results on Tuesday, October 15th. The bank reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.06. Fulton Financial had a net margin of 16.37% and a return on equity of 11.33%. The business had revenue of $487.33 million during the quarter, compared to analyst estimates of $321.00 million. During the same period in the prior year, the firm earned $0.43 earnings per share.

FULT has been the topic of a number of other reports. Piper Sandler set a $21.00 price objective on Fulton Financial in a research report on Thursday, October 17th. Stephens upgraded shares of Fulton Financial from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 9th. StockNews.com lowered shares of Fulton Financial from a “hold” rating to a “sell” rating in a research report on Monday, November 11th. Finally, Keefe, Bruyette & Woods lifted their price objective on Fulton Financial from $20.00 to $23.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $19.50.

Fulton Financial Stock Down 1.4 %

Fulton Financial stock opened at $19.40 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a fifty day moving average price of $19.97 and a two-hundred day moving average price of $18.50. The firm has a market cap of $3.53 billion, a price-to-earnings ratio of 12.28 and a beta of 0.78. Fulton Financial has a fifty-two week low of $13.87 and a fifty-two week high of $22.49.

Fulton Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 3.71%. This is an increase from Fulton Financial’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Tuesday, December 31st. Fulton Financial’s payout ratio is presently 45.57%.

Insider Buying and Selling at Fulton Financial

In other Fulton Financial news, CEO Curtis J. Myers sold 24,192 shares of the stock in a transaction on Friday, December 6th. The stock was sold at an average price of $21.16, for a total transaction of $511,902.72. Following the transaction, the chief executive officer now owns 155,946 shares in the company, valued at $3,299,817.36. This trade represents a 13.43 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.07% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Quarry LP bought a new stake in Fulton Financial during the third quarter valued at $33,000. Family Firm Inc. acquired a new stake in shares of Fulton Financial in the 2nd quarter worth about $46,000. Coston McIsaac & Partners purchased a new stake in shares of Fulton Financial in the third quarter worth approximately $54,000. Blue Trust Inc. lifted its stake in Fulton Financial by 21.9% during the 2nd quarter. Blue Trust Inc. now owns 3,840 shares of the bank’s stock valued at $61,000 after acquiring an additional 691 shares in the last quarter. Finally, TD Private Client Wealth LLC grew its stake in shares of Fulton Financial by 11.6% in the 3rd quarter. TD Private Client Wealth LLC now owns 6,519 shares of the bank’s stock worth $118,000 after acquiring an additional 676 shares in the last quarter. Institutional investors own 72.02% of the company’s stock.

About Fulton Financial

Fulton Financial Corporation operates as a financial holding company that provides consumer and commercial banking products and services in Pennsylvania, Delaware, Maryland, New Jersey, and Virginia. It accepts various checking accounts and savings deposit products, certificates of deposit, and individual retirement accounts.