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Friday, June 9, 2023

Analysts Point To Fulton Financial Corporation (NASDAQ: FULT) Growth In The Future

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Fulton Financial Corporation (FULT) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $11.55. The Fulton Financial Corporation has recorded 34,365 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Fulton Financial Advisors and Fulton Private Bank Hire Mark Hoffman, Ph.D., CFA, as Chief Investment Officer.

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Stocks Info

As a NASDAQ listed company, FULT falls under the Financial sector while operating within the Banks – Regional industry segment. At the end of the last regular session, the stock closed at $11.55 and fluctuated between $11.81 as its day high and $11.35 as its day low. The current market capitalization of Fulton Financial Corporation is $1.96B. A total of 1.63 million shares were traded on the day, compared to an average of 1.43M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, FULT has seen 16 BUY and 13 SELL insider trades, representing the acquisition of 407,831 and the disposition of 181,687 shares. Over the last 12 months, there were 74 BUYs and 20 SELLs from insiders. Insiders purchased 436,040 shares during that period but sold 232,481.

In the most recent transaction, Myers Curtis J bought 15,000 shares of FULT for 9.81 per share on May 12. After the transaction, the Chairman & CEO now owns 157,044 company shares. In a previous transaction on May 11, MCCOLLOM MARK R bought 10,000 shares at 9.74 per share. FULT shares that Sr. EVP & CFO owns now total 71,503.

Among the insiders who sold shares, Campbell David M disposed of 10,514 shares on May 03 at a per-share price of $11.19. This resulted in the Sr Executive Vice President holding 22,202 shares of FULT after the transaction. In another insider transaction, Wenger E Philip sold 1 shares at $15.33 per share on Mar 16. Company shares held by the Director now total 0.


Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Fulton Financial Corporation pays an annual dividend of $0.60, resulting in a dividend yield of 5.19%, and it has a price to earnings (P/E) ratio of 6.88. FULT’s most recent ex-dividend date was 3/31/2023 when it declared a $0.15 quarterly dividend that was paid in cash on 4/14/2023. Previously, the company paid the dividend on 1/13/2023 with an ex-dividend date of 12/30/2022. The FULT stock dividend was $0.15 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for FULT in the last 3 months, the mean price target is $14.29 with high estimates of $15.50 and low estimates of $12.00. In terms of 52-week highs and lows, FULT has a high of $18.85 and a low of $9.64.

As of this writing, FULT has an earnings estimate of $0.44 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $0.47 per share and a lower estimate of $0.37. The company reported an EPS of $0.47 in the last quarter, which was -6.00% lower than expectations of $0.5.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. Its Book Value Per Share was $14.56, while its Total Shareholder’s Equity was $2.71B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for FULT is Buy with a score of 3.29.

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