Fulton Financial Corp (NASDAQ: FULT) is 26.61% higher on its value in year-to-date trading and has touched a low of $13.84 and a high of $21.65 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 $20.71 in the last trading session, with the day’s gains setting it 0.13%.
Currently trading at $20.84, the stock is 6.09% and 12.10% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.87 million and changing 0.63% at the moment leaves the stock 21.36% off its SMA200. FULT registered 45.73% gain for a year compared to 6-month gain of 22.52%. The firm has a 50-day simple moving average (SMA 50) of $18.59 and a 200-day simple moving average (SMA200) of $17.17255.
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The stock witnessed a 18.34% loss in the last 1 month and extending the period to 3 months gives it a 14.76%, and is -1.33% 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 1.96% over the week and 2.82% over the month.
Fulton Financial Corp (FULT) has around 3400 employees, a market worth around $3.79B and $1.74B in sales. Current P/E ratio is 13.14 and Fwd P/E is 11.87. Profit margin for the company is 15.80%. Distance from 52-week low is 50.58% and -3.74% from its 52-week high. The company has generated returns on investments over the last 12 months (5.68%).
The EPS is expected to shrink by -2.09% this year
406.0 institutions hold shares in Fulton Financial Corp (FULT), with institutional investors hold 76.96% of the company’s shares. The shares outstanding are 182.03M, and float is at 179.97M with Short Float at 2.69%. Institutions hold 76.20% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 26.23 million shares valued at $445.3 million. The investor’s holdings represent 16.118 of the FULT Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 21.18 million shares valued at $359.7 million to account for 13.0198 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 12.05 million shares representing 7.4044 and valued at over $204.56 million, while STATE STREET CORP holds 6.2075 of the shares totaling 10.1 million with a market value of $171.5 million.
