There’s No Getting Around Fulton Financial Corp. (NASDAQ: FULT) Success

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Yahoo Finance discussed the stock recently as it posted Fulton Financial Corporation Announces Fourth Quarter and Full-Year 2023 Results.

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Stocks Info

FULT belongs to the Financial sector of the NASDAQ while operating in the Banks – Regional industry. At the end of the last regular session, the stock closed at $16.30 and fluctuated between $16.65 as its day high and $16.24 as its day low. The current market capitalization of Fulton Financial Corp. is $2.68B. A total of 0.93 million shares were traded on the day, compared to an average of 1.20M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, FULT has seen 0 BUY and 1 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 20 BUYs and 17 SELLs from insiders. Insiders purchased 440,402 shares during that period but sold 200,486.

In the most recent transaction, Wenger E Philip sold 0 shares of FULT for 13.75 per share on Nov 07. After the transaction, the Director now owns 0 company shares. In a previous transaction on May 12, Myers Curtis J bought 15,000 shares at 9.81 per share. FULT shares that Chairman & CEO owns now total 157,044.

Among the insiders who bought shares, MCCOLLOM MARK R acquired of 10,000 shares on May 11 at a per-share price of $9.74. This resulted in the Sr. EVP & CFO holding 71,503 shares of FULT after the transaction. In another insider transaction, Campbell David M sold 10,514 shares at $11.19 per share on May 03. Company shares held by the Sr Executive Vice President now total 22,202.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Fulton Financial Corp. pays an annual dividend of $0.71, resulting in a dividend yield of 4.36%, and it has a price to earnings (P/E) ratio of 9.94. FULT’s most recent ex-dividend date was 12/29/2023 when it declared a $0.17 quarterly dividend that was paid in cash on 1/12/2024. Previously, the company paid the dividend on 10/13/2023 with an ex-dividend date of 9/29/2023. The FULT stock dividend was $0.16 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for FULT in the last 3 months, the mean price target is $16.29 with high estimates of $17.00 and low estimates of $15.00. In terms of 52-week highs and lows, FULT has a high of $17.50 and a low of $9.64.

As of this writing, FULT has an earnings estimate of $0.38 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $0.42 per share and a lower estimate of $0.34. The company reported an EPS of $0.42 in the last quarter, which was 2.40% higher than expectations of $0.41.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. Its Book Value Per Share was $16.56, while its Total Shareholder’s Equity was $2.71B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after 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 3.00.

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