Fulton Financial Corporation (NASDAQ: FULT) is -31.91% lower on its value in year-to-date trading and has touched a low of $9.64 and a high of $18.85 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The FULT stock was last observed hovering at around $11.55 in the last trading session, with the day’s loss setting it -0.09% off its average median price target of $14.50 for the next 12 months. It is also 26.06% off the consensus price target high of $15.50 offered by 8 analysts, but current levels are 4.5% higher than the price target low of $12.00 for the same period.
Currently trading at $11.46, the stock is 4.99% and -8.90% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.35 million and changing -0.78% at the moment leaves the stock -27.86% off its SMA200. FULT registered -25.39% loss for a year compared to 6-month loss of -37.10%.
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The stock witnessed a -2.72% gain in the last 1 month and extending the period to 3 months gives it a -33.26%, and is -0.35% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.35% over the week and 4.04% over the month.
Fulton Financial Corporation (FULT) has around 3300 employees, a market worth around $1.94B and $981.70M in sales. Current P/E ratio is 6.82 and Fwd P/E is 7.03. Profit margin for the company is 28.60%. Distance from 52-week low is 18.88% and -39.20% from its 52-week high. The company has generated returns on investments over the last 12 months (23.70%).
Fulton Financial Corporation (FULT) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Fulton Financial Corporation (FULT) is a “Hold”. 8 analysts offering their recommendations for the stock have an average rating of 2.70, where 7 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Fulton Financial Corporation is expected to release its quarterly report on 07/18/2023.The EPS is expected to grow by 3.00% this year
Fulton Financial Corporation (FULT) Top Institutional Holders
The shares outstanding are 166.60M, and float is at 163.74M with Short Float at 3.91%.
Fulton Financial Corporation (FULT) Insider Activity
A total of 53 insider transactions have happened at Fulton Financial Corporation (FULT) in the last six months, with sales accounting for 15 and purchases happening 38 times. The most recent transaction is an insider purchase by Myers Curtis J, the company’s Chairman & CEO. SEC filings show that Myers Curtis J bought 15,000 shares of the company’s common stock on May 12 at a price of $9.81 per share for a total of $0.15 million. Following the purchase, the insider now owns 0.16 million shares.
Fulton Financial Corporation disclosed in a document filed with the SEC on May 11 that MCCOLLOM MARK R (Sr. EVP & CFO) bought a total of 10,000 shares of the company’s common stock. The trade occurred on May 11 and was made at $9.74 per share for $97400.0. Following the transaction, the insider now directly holds 71503.0 shares of the FULT stock.
Still, SEC filings show that on May 03, Campbell David M (Sr Executive Vice President) disposed off 10,514 shares at an average price of $11.19 for $0.12 million. The insider now directly holds 22,202 shares of Fulton Financial Corporation (FULT).
Fulton Financial Corporation (FULT): Who are the competitors?
The company’s main competitors (and peers) include Peoples Financial Services Corp. (PFIS) that is trading -21.60% down over the past 12 months and AmeriServ Financial Inc. (ASRV) that is -27.82% lower over the same period. The PNC Financial Services Group Inc. (PNC) is -25.85% down on the 1-year trading charts.