Q1 Earnings Forecast for FULT Issued By DA Davidson

Fulton Financial Co. (NASDAQ:FULT) – Equities research analysts at DA Davidson issued their Q1 2025 earnings per share (EPS) estimates for Fulton Financial in a research note issued on Friday, January 24th. DA Davidson analyst M. Navas expects that the bank will earn $0.42 per share for the quarter. DA Davidson has a “Neutral” rating and a $22.00 price target on the stock. The consensus estimate for Fulton Financial’s current full-year earnings is $1.79 per share.

Fulton Financial (NASDAQ:FULT) last posted its quarterly earnings results on Tuesday, January 21st. The bank reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.06. Fulton Financial had a return on equity of 11.41% and a net margin of 15.87%. During the same quarter in the prior year, the business posted $0.42 earnings per share.

Other equities research analysts also recently issued research reports about the company. Stephens upgraded Fulton Financial from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 9th. StockNews.com raised Fulton Financial from a “sell” rating to a “hold” rating in a report on Thursday, January 23rd. Keefe, Bruyette & Woods lifted their target price on Fulton Financial from $23.00 to $24.00 and gave the company a “market perform” rating in a report on Thursday, January 23rd. Piper Sandler set a $21.00 price target on Fulton Financial in a research report on Thursday, October 17th. Finally, Hovde Group raised their price objective on shares of Fulton Financial from $22.00 to $22.50 and gave the company a “market perform” rating in a research report on Monday. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $20.64.

Fulton Financial Price Performance

FULT opened at $20.44 on Monday. The firm has a 50-day moving average price of $20.44 and a 200-day moving average price of $19.22. Fulton Financial has a twelve month low of $13.87 and a twelve month high of $22.49. The company has a quick ratio of 0.93, a current ratio of 0.90 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $3.72 billion, a price-to-earnings ratio of 13.02 and a beta of 0.79.

Hedge Funds Weigh In On Fulton Financial

A number of large investors have recently added to or reduced their stakes in FULT. AE Wealth Management LLC bought a new position in shares of Fulton Financial during the second quarter valued at about $172,000. Xponance Inc. purchased a new stake in Fulton Financial during the 2nd quarter valued at about $193,000. Squarepoint Ops LLC bought a new position in Fulton Financial during the 2nd quarter worth approximately $1,144,000. AQR Capital Management LLC increased its stake in Fulton Financial by 18.1% in the 2nd quarter. AQR Capital Management LLC now owns 34,678 shares of the bank’s stock worth $584,000 after purchasing an additional 5,314 shares during the period. Finally, Millennium Management LLC lifted its position in Fulton Financial by 511.1% in the second quarter. Millennium Management LLC now owns 3,256,000 shares of the bank’s stock valued at $55,287,000 after purchasing an additional 2,723,170 shares during the last quarter. Hedge funds and other institutional investors own 72.02% of the company’s stock.

Insiders Place Their Bets

In related news, President Angela M. Snyder sold 13,322 shares of the firm’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $20.69, for a total transaction of $275,632.18. Following the transaction, the president now directly owns 63,682 shares of the company’s stock, valued at approximately $1,317,580.58. This trade represents a 17.30 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Curtis J. Myers sold 24,192 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $21.16, for a total value of $511,902.72. Following the completion of the sale, the chief executive officer now directly owns 155,946 shares of the company’s stock, valued at approximately $3,299,817.36. This represents a 13.43 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.07% of the company’s stock.

Fulton Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This is a positive change from Fulton Financial’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a yield of 3.52%. Fulton Financial’s payout ratio is presently 45.86%.

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.