Market Recap: Fulton Financial Corp. (FULT)’s Positive Momentum, Closing at 16.36

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The closing price of Fulton Financial Corp. (NASDAQ: FULT) was $16.36 for the day, up 0.06% from the previous closing price of $16.35. In other words, the price has increased by $0.06 from its previous closing price. On the day, 1.09 million shares were traded. FULT stock price reached its highest trading level at $16.51 during the session, while it also had its lowest trading level at $16.325.

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 0.83 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:

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 2973609984 and an Enterprise Value of 5222776832. As of this moment, Fulton’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.14, and their Forward P/E ratio for the next fiscal year is 8.90. 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 1.91 while its Price-to-Book (P/B) ratio in mrq is 1.03. Its current Enterprise Value per Revenue stands at 5.048.

Stock Price History:

The Beta on a monthly basis for FULT is 0.77, which has changed by 0.34650207 over the last 52 weeks, in comparison to a change of 0.2553556 over the same period for the S&P500. 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 -1.62%, while the 200-Day Moving Average is calculated to be 7.82%.

Shares Statistics:

FULT traded an average of 1.73M shares per day over the past three months and 1768070 shares per day over the past ten days. A total of 181.76M shares are outstanding, with a floating share count of 179.68M. Insiders hold about 1.15% of the company’s shares, while institutions hold 64.45% stake in the company. Shares short for FULT as of 1718323200 were 8030009 with a Short Ratio of 4.65, compared to 1715731200 on 7521310. Therefore, it implies a Short% of Shares Outstanding of 8030009 and a Short% of Float of 5.86.

Dividends & Splits

With its trailing 12-month dividend rate of 0.66, FULT has a forward annual dividend rate of 0.83. Against a Trailing Annual Dividend Yield of 0.040366974The stock’s 5-year Average Dividend Yield is 3.89. The current Payout Ratio is 38.95% for FULT, which recently paid a dividend on 2024-07-01 with an ex-dividend date of 1719792000. Stock splits for the company last occurred on 2006-05-17 when the company split stock in a 105:100 ratio.

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