Fulton Financial (NASDAQ:FULT) PT Raised to $17.50

Fulton Financial (NASDAQ:FULT) had its target price hoisted by research analysts at Stephens from $15.50 to $17.50 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has an “equal weight” rating on the bank’s stock. Stephens’ price target indicates a potential upside of 1.04% from the stock’s current price.

Several other equities research analysts have also issued reports on the stock. Janney Montgomery Scott raised shares of Fulton Financial from a “neutral” rating to a “buy” rating and set a $19.50 price objective for the company in a research note on Monday, April 29th. StockNews.com downgraded Fulton Financial from a “hold” rating to a “sell” rating in a research note on Friday, April 26th. Keefe, Bruyette & Woods raised their price objective on Fulton Financial from $17.00 to $19.00 and gave the company a “market perform” rating in a research note on Tuesday, April 30th. Jefferies Financial Group lowered their price target on Fulton Financial from $17.00 to $16.00 and set a “hold” rating on the stock in a report on Monday, April 8th. Finally, DA Davidson boosted their price objective on shares of Fulton Financial from $15.00 to $18.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 30th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Fulton Financial presently has a consensus rating of “Hold” and a consensus price target of $18.00.

Fulton Financial Stock Performance

Shares of Fulton Financial stock opened at $17.32 on Tuesday. The business has a fifty day simple moving average of $15.58 and a 200-day simple moving average of $15.29. The stock has a market cap of $2.81 billion, a PE ratio of 10.76 and a beta of 0.77. 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 has a 12 month low of $9.64 and a 12 month high of $17.36.

Hedge Funds Weigh In On Fulton Financial

Several hedge funds and other institutional investors have recently modified their holdings of FULT. Vanguard Group Inc. increased its position in shares of Fulton Financial by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 19,444,753 shares of the bank’s stock worth $320,061,000 after purchasing an additional 216,465 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Fulton Financial by 2.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 11,918,831 shares of the bank’s stock valued at $196,188,000 after acquiring an additional 297,923 shares during the period. Hsbc Holdings PLC boosted its holdings in Fulton Financial by 36.0% in the fourth quarter. Hsbc Holdings PLC now owns 2,593,793 shares of the bank’s stock valued at $43,043,000 after acquiring an additional 686,269 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Fulton Financial by 5.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,062,343 shares of the bank’s stock worth $33,946,000 after purchasing an additional 100,902 shares during the period. Finally, Northern Trust Corp raised its holdings in Fulton Financial by 0.4% during the 3rd quarter. Northern Trust Corp now owns 1,879,238 shares of the bank’s stock worth $22,758,000 after purchasing an additional 8,292 shares during the last quarter. Institutional investors 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.