Investor’s Delight: Fulton Financial Corp. (FULT) Closes Weak at 17.82, Down -1.16

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The closing price of Fulton Financial Corp. (NASDAQ: FULT) was $17.82 for the day, down -1.16% from the previous closing price of $18.03. In other words, the price has decreased by -$1.16 from its previous closing price. On the day, 1.05 million shares were traded. FULT stock price reached its highest trading level at $18.345 during the session, while it also had its lowest trading level at $17.79.

Ratios:

Our analysis of FULT’s different ratios will help us gain a deeper understanding of the company. 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:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 3241547008 and an Enterprise Value of 4470186496. As of this moment, Fulton’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.64, and their Forward P/E ratio for the next fiscal year is 9.55. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.33. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.99 while its Price-to-Book (P/B) ratio in mrq is 1.11. Its current Enterprise Value per Revenue stands at 4.15.

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 -3.68%, while the 200-Day Moving Average is calculated to be 7.06%.

Shares Statistics:

FULT traded an average of 1.60M shares per day over the past three months and 1490410 shares per day over the past ten days. 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 77.11% stake in the company. Shares short for FULT as of 1724976000 were 6140392 with a Short Ratio of 3.51, compared to 1722384000 on 6322136. Therefore, it implies a Short% of Shares Outstanding of 6140392 and a Short% of Float of 4.4799999999999995.

Dividends & Splits

With its trailing 12-month dividend rate of 0.67, FULT has a forward annual dividend rate of 0.67. Against a Trailing Annual Dividend Yield of 0.03716029The stock’s 5-year Average Dividend Yield is 3.9.

Earnings Estimates

At present, 8.0 analysts are actively evaluating the performance of Fulton Financial Corp. (FULT) in the stock market.The consensus estimate for the next quarter is $0.44, with high estimates of $0.46 and low estimates of $0.42.

Analysts are recommending an EPS of between $1.77 and $1.7 for the fiscal current year, implying an average EPS of $1.74. EPS for the following year is $1.86, with 8.0 analysts recommending between $1.98 and $1.8.

Revenue Estimates

It is expected that $90B in revenue will be generated in the current quarter, according to 8 analysts. It ranges from a high estimate of $260.77M to a low estimate of $249.33M. As of the current estimate, Fulton Financial Corp.’s year-ago sales were $218.28MFor the next quarter, 8 analysts are estimating revenue of $251.32M. There is a high estimate of $258.7M for the next quarter, whereas the lowest estimate is $245.74M.

A total of 8 analysts have provided revenue estimates for FULT’s current fiscal year. The highest revenue estimate was $975M, while the lowest revenue estimate was $943.73M, resulting in an average revenue estimate of $961.37M. In the same quarter a year ago, actual revenue was $872.1MBased on 8 analysts’ estimates, the company’s revenue will be $1.01B in the next fiscal year. The high estimate is $1.06B and the low estimate is $993.6M.

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