Fulton Financial Corp. (NASDAQ: FULT) is -8.69% lower on its value in year-to-date trading and has touched a low of $9.64 and a high of $17.06 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 $15.73 in the last trading session, with the day’s loss setting it -0.7%.
Currently trading at $15.03, the stock is -2.13% and -2.57% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.44 million and changing -4.45% at the moment leaves the stock 5.72% off its SMA200. FULT registered 10.84% gain for a year compared to 6-month gain of 22.29%.
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The stock witnessed a -3.34% loss in the last 1 month and extending the period to 3 months gives it a -7.16%, and is -1.57% 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 2.34% over the week and 2.34% over the month.
Fulton Financial Corp. (FULT) has around 3400 employees, a market worth around $2.44B and $1.50B in sales. Current P/E ratio is 9.15 and Fwd P/E is 9.64. Profit margin for the company is 18.23%. Distance from 52-week low is 55.91% and -11.90% from its 52-week high. The company has generated returns on investments over the last 12 months (6.37%).
Fulton Financial Corp. quarterly earnings per share for the current quarter are estimated at $0.38 with sales reaching $208.99M over the same period.The EPS is expected to shrink by -8.08% this year, but quarterly earnings will post -5.10% year-over-year. Quarterly sales are estimated to shrink -8.30% in year-over-year returns.
359 institutions hold shares in Fulton Financial Corp. (FULT), with institutional investors hold 74.47% of the company’s shares. The shares outstanding are 163.80M, and float is at 160.16M with Short Float at 5.00%. Institutions hold 73.70% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 19.77 million shares valued at $235.7 million. The investor’s holdings represent 12.06% of the FULT Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 19.37 million shares valued at $230.92 million to account for 11.81% of the shares outstanding. The other top investors are Dimensional Fund Advisors LP which holds 11.6 million shares representing 7.07% and valued at over $138.32 million, while State Street Corporation holds 5.40% of the shares totaling 8.85 million with a market value of $105.53 million.
Fulton Financial Corp. (FULT) Insider Activity
The most recent transaction is an insider sale by Wenger E Philip, the company’s Director. SEC filings show that Wenger E Philip sold 0 shares of the company’s common stock on Nov 07 ’23 at a price of $13.75 per share for a total of $4.0. Following the sale, the insider now owns 0.0 shares.
Fulton Financial Corp. disclosed in a document filed with the SEC on May 12 ’23 that Myers Curtis J (Chairman & CEO) bought a total of 15,000 shares of the company’s common stock. The trade occurred on May 12 ’23 and was made at $9.81 per share for $0.15 million. Following the transaction, the insider now directly holds 0.16 million shares of the FULT stock.
Still, SEC filings show that on May 11 ’23, MCCOLLOM MARK R (Sr. EVP & CFO) acquired 10,000 shares at an average price of $9.74 for $97400.0. The insider now directly holds 71,503 shares of Fulton Financial Corp. (FULT).
