Closing Bell Recap: Fulton Financial Corp. (FULT) Ends at 16.97, Reflecting a -2.13 Downturn

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Fulton Financial Corp. (NASDAQ: FULT) closed the day trading at $16.97 down -2.13% from the previous closing price of $17.34. In other words, the price has decreased by -$2.13 from its previous closing price. On the day, 1.53 million shares were traded. FULT stock price reached its highest trading level at $17.48 during the session, while it also had its lowest trading level at $16.97.

Ratios:

For a better understanding of FULT, let’s look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.75 whereas as Long-Term Debt/Eq ratio is at 0.46.

On December 14, 2023, Stephens Downgraded its rating to Equal-Weight which previously was Overweight and also upped its target price recommendation from $14 to $16.

On January 10, 2023, Janney started tracking the stock assigning a Neutral rating and target price of $19.50.Janney initiated its Neutral rating on January 10, 2023, with a $19.50 target price.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 07 ’23 when Wenger E Philip sold 0 shares for $13.75 per share. The transaction valued at 4 led to the insider holds 0 shares of the business.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, FULT now has a Market Capitalization of 3154247680 and an Enterprise Value of 4315567104. As of this moment, Fulton’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.13, and their Forward P/E ratio for the next fiscal year is 9.27. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.27. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.89 while its Price-to-Book (P/B) ratio in mrq is 1.06. Its current Enterprise Value per Revenue stands at 4.006.

Stock Price History:

Over the past 52 weeks, FULT has reached a high of $20.33, while it has fallen to a 52-week low of $11.63. The 50-Day Moving Average of the stock is -7.48%, while the 200-Day Moving Average is calculated to be 1.62%.

Shares Statistics:

Over the past 3-months, FULT traded about 1.51M shares per day on average, while over the past 10 days, FULT traded about 1556470 shares per day. A total of 181.91M shares are outstanding, with a floating share count of 179.83M. Insiders hold about 1.14% of the company’s shares, while institutions hold 77.12% stake in the company. Shares short for FULT as of 1726185600 were 5620659 with a Short Ratio of 3.72, compared to 1723680000 on 6372730. Therefore, it implies a Short% of Shares Outstanding of 5620659 and a Short% of Float of 4.099999700000001.

Dividends & Splits

FULT’s forward annual dividend rate is 0.68, up from 0.67 a year ago. Against a Trailing Annual Dividend Yield of 0.038638987The stock’s 5-year Average Dividend Yield is 3.91.

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