Fulton Financial (NASDAQ:FULT) Given New $18.00 Price Target at DA Davidson

Fulton Financial (NASDAQ:FULT) had its price objective upped by DA Davidson from $15.00 to $18.00 in a research note published on Tuesday, Benzinga reports. They currently have a neutral rating on the bank’s stock.

Other equities research analysts have also issued research reports about the stock. Stephens reduced their price objective on shares of Fulton Financial from $16.00 to $15.50 and set an equal weight rating for the company in a research note on Thursday, April 18th. Keefe, Bruyette & Woods boosted their target price on shares of Fulton Financial from $17.00 to $19.00 and gave the stock a market perform rating in a research report on Tuesday. Janney Montgomery Scott raised shares of Fulton Financial from a neutral rating to a buy rating and set a $19.50 target price for the company in a research report on Monday. Jefferies Financial Group cut their target price on shares of Fulton Financial from $17.00 to $16.00 and set a hold rating for the company in a research report on Monday, April 8th. Finally, StockNews.com lowered shares of Fulton Financial from a hold rating to a sell rating in a research report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Fulton Financial has an average rating of Hold and a consensus target price of $17.60.

Fulton Financial Stock Down 1.5 %

FULT stock opened at $16.55 on Tuesday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.43. Fulton Financial has a 1 year low of $9.64 and a 1 year high of $17.34. The company has a fifty day simple moving average of $15.32 and a 200 day simple moving average of $15.08. The firm has a market cap of $2.68 billion, a PE ratio of 10.27 and a beta of 0.81.

Fulton Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 1st were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.11%. The ex-dividend date of this dividend was Thursday, March 28th. Fulton Financial’s dividend payout ratio is currently 42.24%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in FULT. AE Wealth Management LLC acquired a new position in shares of Fulton Financial during the third quarter valued at about $156,000. GW Henssler & Associates Ltd. acquired a new position in shares of Fulton Financial during the third quarter valued at about $124,000. Miracle Mile Advisors LLC raised its position in shares of Fulton Financial by 3.3% during the third quarter. Miracle Mile Advisors LLC now owns 32,494 shares of the bank’s stock valued at $394,000 after buying an additional 1,048 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Fulton Financial by 20.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,563 shares of the bank’s stock valued at $382,000 after buying an additional 5,428 shares during the last quarter. Finally, Blue Bell Private Wealth Management LLC raised its position in shares of Fulton Financial by 81.0% during the third quarter. Blue Bell Private Wealth Management LLC now owns 4,881 shares of the bank’s stock valued at $59,000 after buying an additional 2,184 shares during the last quarter. Institutional investors and hedge funds own 72.02% of the company’s stock.

Fulton Financial Company Profile

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.