Fulton Fincl Declares Quarterly Dividend of $0.08 (FULT)
Fulton Fincl (NASDAQ:FULT) declared a quarterly dividend on Tuesday, March 19th. Investors of record on Monday, April 1st will be given a dividend of $0.08 per share on Monday, April 15th. This represents a $0.32 dividend on an annualized basis and a yield of 2.75%.
Several analysts have also recently commented on the stock. Analysts at Guggenheim downgraded shares of Fulton Fincl from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, March 14th. On the ratings front, analysts at Sterne Agee downgraded shares of Fulton Fincl from a “buy” rating to a “neutral” rating in a research note to investors on Monday, March 11th. Finally, analysts at Sterne Agee downgraded shares of Fulton Fincl from a “buy” rating to a “neutral” rating in a research note to investors on Friday, March 1st.
One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $10.63.
Shares of Fulton Fincl (NASDAQ: FULT) traded up 0.35% during mid-day trading on Tuesday, hitting $11.63. Fulton Fincl has a one year low of $8.75 and a one year high of $11.74. The stock’s 50-day moving average is currently $11.21. The company has a market cap of $2.308 billion and a P/E ratio of 14.49.
Fulton Fincl (NASDAQ: FULT) last announced its earnings results on Tuesday, January 15th. The company reported $0.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.20. During the same quarter in the previous year, the company posted $0.18 earnings per share. Analysts expect that Fulton Fincl will post $0.84 EPS for the current fiscal year.
Fulton Financial Corporation is a bank holding company. The Company owns 100% of eight community banks and 12 non-bank entities.
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