BidaskClub Lowers Fulton Financial (FULT) to Sell
BidaskClub lowered shares of Fulton Financial (NASDAQ:FULT) from a hold rating to a sell rating in a research note released on Saturday morning.
FULT has been the topic of a number of other reports. Zacks Investment Research upgraded shares of Fulton Financial from a hold rating to a buy rating and set a $20.00 price target on the stock in a research note on Wednesday, August 29th. ValuEngine lowered shares of Fulton Financial from a hold rating to a sell rating in a research note on Saturday, June 2nd. Boenning Scattergood reiterated a hold rating on shares of Fulton Financial in a research note on Friday, June 1st. Hovde Group set a $19.00 price target on shares of Fulton Financial and gave the stock a hold rating in a research note on Monday, July 23rd. Finally, Piper Jaffray Companies upgraded shares of Fulton Financial from a neutral rating to an overweight rating and boosted their price target for the stock from $18.50 to $19.00 in a research note on Thursday, July 19th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $18.57.
Shares of NASDAQ:FULT opened at $17.45 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 0.97. The stock has a market cap of $3.11 billion, a price-to-earnings ratio of 16.50, a price-to-earnings-growth ratio of 1.93 and a beta of 1.01. Fulton Financial has a 1 year low of $15.05 and a 1 year high of $19.55.
Hedge funds have recently added to or reduced their stakes in the stock. First Trust Advisors LP increased its stake in shares of Fulton Financial by 36.2% during the second quarter. First Trust Advisors LP now owns 468,865 shares of the bank’s stock worth $7,736,000 after buying an additional 124,551 shares during the period. Schwab Charles Investment Management Inc. increased its stake in shares of Fulton Financial by 7.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,307,156 shares of the bank’s stock worth $21,569,000 after buying an additional 94,626 shares during the period. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Fulton Financial during the second quarter worth approximately $419,000. Maltese Capital Management LLC purchased a new stake in shares of Fulton Financial during the second quarter worth approximately $3,383,000. Finally, BlackRock Inc. boosted its holdings in Fulton Financial by 4.6% in the second quarter. BlackRock Inc. now owns 20,268,134 shares of the bank’s stock valued at $334,423,000 after purchasing an additional 887,707 shares in the last quarter. Hedge funds and other institutional investors own 62.72% of the company’s stock.
Fulton Financial Company Profile
Fulton Financial Corporation operates as a multi-bank financial holding company that provides banking and financial services to businesses and consumers. It accepts various checking accounts and savings deposit products, certificates of deposit, and individual retirement accounts. The company also offers consumer loans, including home equity loans and lines of credit, automobile loans, automobile and equipment leases, personal lines of credit, and checking account overdraft protection; construction and jumbo residential mortgage loans; and commercial lending products comprising commercial, financial, agricultural, and real estate loans.
Receive News & Ratings for Fulton Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fulton Financial and related companies with MarketBeat.com's FREE daily email newsletter.