Fulton Financial Corp (NASDAQ:FULT) EVP David M. Campbell purchased 5,900 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was purchased at an average price of $16.89 per share, for a total transaction of $99,651.00.
Fulton Financial stock traded down $0.02 during mid-day trading on Thursday, hitting $16.93. The stock had a trading volume of 16,853 shares, compared to its average volume of 940,993. The stock has a 50-day simple moving average of $16.67 and a two-hundred day simple moving average of $16.42. The stock has a market capitalization of $2.81 billion, a PE ratio of 14.32 and a beta of 1.02. Fulton Financial Corp has a 12 month low of $14.38 and a 12 month high of $17.86. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.31.
Fulton Financial (NASDAQ:FULT) last posted its quarterly earnings results on Tuesday, October 22nd. The bank reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.02. The business had revenue of $221.07 million for the quarter, compared to analysts’ expectations of $222.21 million. Fulton Financial had a return on equity of 10.31% and a net margin of 22.88%. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.37 earnings per share. Sell-side analysts expect that Fulton Financial Corp will post 1.41 earnings per share for the current fiscal year.
Several equities analysts recently issued reports on the company. ValuEngine cut Fulton Financial from a “hold” rating to a “sell” rating in a report on Friday, November 1st. BidaskClub cut Fulton Financial from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. Finally, Zacks Investment Research upgraded Fulton Financial from a “sell” rating to a “hold” rating in a report on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $18.83.
About Fulton Financial
Fulton Financial Corporation operates as a multi-bank financial holding company that provides banking and financial services to businesses and consumers. It accepts various checking accounts and savings deposit products, certificates of deposit, and individual retirement accounts. The company also offers consumer loans, including home equity loans and lines of credit, automobile loans, automobile and equipment leases, personal lines of credit, and checking account overdraft protection; construction and jumbo residential mortgage loans; and commercial lending products comprising commercial, financial, agricultural, and real estate loans.
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