Fulton Financial Corp. (NASDAQ: FULT) is 2.07% higher 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 continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The FULT stock was last observed hovering at around $15.62 in the last trading session, with the day’s gains setting it 1.18%.
Currently trading at $16.80, the stock is 10.78% and 9.78% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 11.18 million and changing 7.55% at the moment leaves the stock 16.60% off its SMA200. FULT registered 41.18% gain for a year compared to 6-month gain of 32.60%.
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The stock witnessed a 5.73% loss in the last 1 month and extending the period to 3 months gives it a 2.07%, and is 10.45% up 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 3.04% over the week and 2.84% over the month.
Fulton Financial Corp. (FULT) has around 3400 employees, a market worth around $2.72B and $1.56B in sales. Current P/E ratio is 10.42 and Fwd P/E is 10.53. Profit margin for the company is 17.17%. Distance from 52-week low is 74.27% and -1.52% from its 52-week high. The company has generated returns on investments over the last 12 months (5.30%).
The EPS is expected to shrink by -8.56% this year.
Fulton Financial Corp. (FULT) Top Institutional Holders
The shares outstanding are 163.80M, and float is at 160.13M with Short Float at 4.57%.
Fulton Financial Corp. (FULT) Insider Activity
The most recent transaction is an insider sale by Wenger E Philip,the company’sDirector. 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).
