Momentum Is Strong For Fulton Financial Corp. (NASDAQ: FULT)

After Hours

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. Earlier, Yahoo Finance discussed this stock as it revealed Fulton Financial Corporation Names Betsy Chivinski as Interim Chief Financial Officer and Atul Malhotra as Chief Risk Officer.

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Stocks Info

This NASDAQ-listed company operates within the Banks – Regional industry segment, falling under the Financial sector. The current market capitalization of Fulton Financial Corp. is $2.53B. A total of 1.02 million shares were traded on the day, compared to an average of 1.23M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, FULT has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 19 BUYs and 16 SELLs from insiders. Insiders purchased 437,492 shares during that period but sold 193,687.

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

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Fulton Financial Corp. pays an annual dividend of $0.64, resulting in a dividend yield of 4.16%, and it has a price to earnings (P/E) ratio of 9.39. 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.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for FULT in the last 3 months, the mean price target is $16.43 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 $17.35 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 $0.37. 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

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. Its Book Value Per Share was $16.56, 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 3.00.

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