Fulton Financial (NASDAQ:FULT) Price Target Increased to $19.00 by Analysts at Keefe, Bruyette & Woods

Fulton Financial (NASDAQ:FULT) had its price objective lifted by Keefe, Bruyette & Woods from $17.00 to $19.00 in a research report released on Tuesday morning, Benzinga reports. The brokerage currently has a market perform rating on the bank’s stock.

Other research analysts have also issued research reports about the company. Stephens reduced their price objective on Fulton Financial from $16.00 to $15.50 and set an equal weight rating for the company in a research report on Thursday, April 18th. Jefferies Financial Group lowered their price target 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. StockNews.com downgraded shares of Fulton Financial from a hold rating to a sell rating in a research report on Friday, April 26th. Finally, Janney Montgomery Scott upgraded 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, April 29th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Fulton Financial currently has an average rating of Hold and a consensus target price of $17.60.

Fulton Financial Stock Performance

Shares of FULT stock opened at $17.03 on Tuesday. The company has a market cap of $2.76 billion, a P/E ratio of 10.58 and a beta of 0.77. The business has a 50 day moving average of $15.41 and a two-hundred day moving average of $15.14. Fulton Financial has a 52 week low of $9.64 and a 52 week high of $17.34. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.43.

Fulton Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 1st were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $0.68 annualized dividend and a yield of 3.99%. Fulton Financial’s payout ratio is 42.24%.

Institutional Trading of Fulton Financial

A number of institutional investors have recently made changes to their positions in the stock. AE Wealth Management LLC bought a new stake in Fulton Financial during the third quarter worth approximately $156,000. GW Henssler & Associates Ltd. bought a new stake in shares of Fulton Financial in the 3rd quarter worth $124,000. Miracle Mile Advisors LLC lifted its holdings in shares of Fulton Financial by 3.3% in 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 period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in 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 in the last quarter. Finally, Blue Bell Private Wealth Management LLC grew its holdings in 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 worth $59,000 after acquiring an additional 2,184 shares during the period. 72.02% of the stock is owned by institutional investors and hedge funds.

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.