Fulton Financial Corp (NASDAQ: FULT) is -6.95% 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 $17.81 in the last trading session, with the day’s gains setting it 0.13%.
Currently trading at $17.94, the stock is -0.56% and -7.19% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.61 million and changing 0.73% at the moment leaves the stock -5.26% off its SMA200. FULT registered 14.56% gain for a year compared to 6-month gain of -1.05%. The firm has a 50-day simple moving average (SMA 50) of $19.3298 and a 200-day simple moving average (SMA200) of $18.9352.
The stock witnessed a -5.18% loss in the last 1 month and extending the period to 3 months gives it a -7.81%, and is -2.39% 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 2.40% over the week and 2.59% over the month.
Fulton Financial Corp (FULT) has around 3400 employees, a market worth around $3.27B and $1.82B in sales. Current P/E ratio is 11.41 and Fwd P/E is 8.74. Profit margin for the company is 15.30%. Distance from 52-week low is 29.34% and -20.23% from its 52-week high. The company has generated returns on investments over the last 12 months (6.13%).
with sales reaching $314.9M over the same period.The EPS is expected to grow by 15.98% this year, but quarterly earnings will post 5.17% year-over-year. Quarterly sales are estimated to grow 19.25% in year-over-year returns.
399.0 institutions hold shares in Fulton Financial Corp (FULT), with institutional investors hold 79.68% of the company’s shares. The shares outstanding are 182.09M, and float is at 180.25M with Short Float at 2.64%. Institutions hold 78.90% 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 14.9597 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 5.7614 of the shares totaling 10.1 million with a market value of $171.5 million.
Fulton Financial Corp (FULT) Insider Activity
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).
