Market Momentum Report: Fulton Financial Corp. (FULT)’s Positive Close at 16.45

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The price of Fulton Financial Corp. (NASDAQ: FULT) closed at $16.45 in the last session, up 0.30% from day before closing price of $16.40. In other words, the price has increased by $0.30 from its previous closing price. On the day, 1.27 million shares were traded. FULT stock price reached its highest trading level at $16.49 during the session, while it also had its lowest trading level at $16.25.

Ratios:

We take a closer look at FULT’s different ratios to gain a better understanding of the stock. In the meantime, Its Debt-to-Equity ratio is 0.83 whereas as Long-Term Debt/Eq ratio is at 0.52.

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:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 2989968384 and an Enterprise Value of 5239135232. As of this moment, Fulton’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.20, and their Forward P/E ratio for the next fiscal year is 8.95. 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 1.92 while its Price-to-Book (P/B) ratio in mrq is 1.04. Its current Enterprise Value per Revenue stands at 5.064.

Stock Price History:

Over the past 52 weeks, FULT has reached a high of $17.68, while it has fallen to a 52-week low of $11.47. The 50-Day Moving Average of the stock is 1.78%, while the 200-Day Moving Average is calculated to be 10.81%.

Shares Statistics:

According to the various share statistics, FULT traded on average about 1.55M shares per day over the past 3-months and 1300730 shares per day over the past 10 days. A total of 181.76M shares are outstanding, with a floating share count of 179.45M. Insiders hold about 1.27% of the company’s shares, while institutions hold 64.67% stake in the company. Shares short for FULT as of 1715731200 were 7521310 with a Short Ratio of 4.84, compared to 1713139200 on 7320979. Therefore, it implies a Short% of Shares Outstanding of 7521310 and a Short% of Float of 5.4899998.

Dividends & Splits

The forward annual dividend rate for FULT is 0.66, which was 0.66 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.040243905The stock’s 5-year Average Dividend Yield is 3.88.

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