Fulton Financial Corp (NASDAQ: FULT) is -4.56% lower 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 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 $18.46 in the last trading session, with the day’s loss setting it -0.06%.
Currently trading at $18.40, the stock is -7.30% and -7.89% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.34 million and changing -0.33% at the moment leaves the stock -2.13% off its SMA200. FULT registered 13.93% gain for a year compared to 6-month gain of -1.76%.
The stock witnessed a -10.64% loss in the last 1 month and extending the period to 3 months gives it a -12.71%, and is -7.16% 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 3.71% over the week and 2.75% over the month.
Fulton Financial Corp (FULT) has around 3400 employees, a market worth around $3.35B and $1.82B in sales. Current P/E ratio is 11.70 and Fwd P/E is 8.88. Profit margin for the company is 15.30%. Distance from 52-week low is 32.66% and -18.19% from its 52-week high. The company has generated returns on investments over the last 12 months (6.13%).
The EPS is expected to grow by 16.11% this year.
Fulton Financial Corp (FULT) Top Institutional Holders
The shares outstanding are 182.09M, and float is at 180.25M with Short Float at 2.57%.
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
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Fulton Financial Corp disclosed in a document filed with the SEC on Jan 27 ’25 that Snyder Angela M (President) sold a total of 13,322 shares of the company’s common stock. The trade occurred on Jan 27 ’25 and was made at $20.69 per share for $0.28 million. Following the transaction, the insider now directly holds 63682.0 shares of the FULT stock.
Still, SEC filings show that on Dec 06 ’24, Myers Curtis J (Chairman & CEO) disposed off 24,192 shares at an average price of $21.16 for $0.51 million. The insider now directly holds 155,946 shares of Fulton Financial Corp (FULT).
