Market Watch Highlights: Fulton Financial Corp. (FULT) Ends on an Downturn Note at 19.23

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As of close of business last night, Fulton Financial Corp.’s stock clocked out at $19.23, down -2.14% from its previous closing price of $19.65. In other words, the price has decreased by -$2.14 from its previous closing price. On the day, 4.72 million shares were traded. FULT stock price reached its highest trading level at $20.01 during the session, while it also had its lowest trading level at $19.0.

Ratios:

To gain a deeper understanding of FULT’s stock, we examine its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.81 whereas as Long-Term Debt/Eq ratio is at 0.78.

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:

Investing in insider trades can also provide an investor with insight into how management views future 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 3496610304 and an Enterprise Value of 4346506240. As of this moment, Fulton’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.50, and their Forward P/E ratio for the next fiscal year is 10.25. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.44. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.15 while its Price-to-Book (P/B) ratio in mrq is 1.13. Its current Enterprise Value per Revenue stands at 4.035.

Stock Price History:

The Beta on a monthly basis for FULT is 0.78, which has changed by 0.43507457 over the last 52 weeks, in comparison to a change of 0.22226071 over the same period for the S&P500. Over the past 52 weeks, FULT has reached a high of $19.74, while it has fallen to a 52-week low of $11.63. The 50-Day Moving Average of the stock is 14.22%, while the 200-Day Moving Average is calculated to be 24.95%.

Shares Statistics:

It appears that FULT traded 1.89M shares on average per day over the past three months and 2462940 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 64.33% stake in the company. Shares short for FULT as of 1719532800 were 8801719 with a Short Ratio of 4.66, compared to 1717113600 on 7195001. Therefore, it implies a Short% of Shares Outstanding of 8801719 and a Short% of Float of 6.419999999999999.

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 0.034096695The 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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