Fulton Financial Corp (NASDAQ: FULT) is 17.86% higher on its value in year-to-date trading and has touched a low of $13.87 and a high of $22.49 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 $19.67 in the last trading session, with the day’s loss setting it -0.27%.
Currently trading at $19.40, the stock is -7.99% and -2.45% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.3 million and changing -1.37% at the moment leaves the stock 9.34% off its SMA200. FULT registered 17.58% gain for a year compared to 6-month gain of 19.31%. The firm has a 50-day simple moving average (SMA 50) of $19.8872 and a 200-day simple moving average (SMA200) of $17.7429.
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The stock witnessed a -6.33% loss in the last 1 month and extending the period to 3 months gives it a 4.92%, and is -7.66% 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 4.29% over the week and 2.79% over the month.
Fulton Financial Corp (FULT) has around 3400 employees, a market worth around $3.53B and $1.74B in sales. Current P/E ratio is 12.23 and Fwd P/E is 11.16. Profit margin for the company is 15.80%. Distance from 52-week low is 39.87% and -13.74% from its 52-week high. The company has generated returns on investments over the last 12 months (5.68%).
with sales reaching $315.73M over the same period.The EPS is expected to shrink by -2.70% this year, but quarterly earnings will post 13.20% year-over-year. Quarterly sales are estimated to grow 16.34% in year-over-year returns.
407.0 institutions hold shares in Fulton Financial Corp (FULT), with institutional investors hold 77.18% of the company’s shares. The shares outstanding are 181.96M, and float is at 180.05M with Short Float at 3.20%. Institutions hold 76.42% 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.
Fulton Financial Corp (FULT) Insider Activity
The most recent transaction is an insider sale by Myers Curtis J, the company’s Chairman & CEO. SEC filings show that Myers Curtis J sold 24,192 shares of the company’s common stock on Dec 06 ’24 at a price of $21.16 per share for a total of $0.51 million. Following the sale, the insider now owns 0.16 million shares.
