Fulton Financial Corporation (NASDAQ:FULT)‘s stock had its “hold” rating restated by Jefferies Group LLC in a report issued on Friday. They currently have a $20.00 target price on the bank’s stock. Jefferies Group LLC’s target price would indicate a potential upside of 14.61% from the company’s previous close.

Several other research analysts also recently issued reports on the company. BidaskClub downgraded Fulton Financial Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. ValuEngine upgraded shares of Fulton Financial Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Zacks Investment Research cut shares of Fulton Financial Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Boenning Scattergood reiterated a “hold” rating on shares of Fulton Financial Corporation in a research report on Wednesday, July 19th. Finally, Stephens started coverage on shares of Fulton Financial Corporation in a research report on Thursday, July 13th. They set an “equal weight” rating for the company. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $18.33.

Fulton Financial Corporation (NASDAQ:FULT) opened at 17.45 on Friday. The firm’s 50-day moving average price is $17.51 and its 200-day moving average price is $18.12. The company has a market cap of $3.05 billion, a P/E ratio of 17.63 and a beta of 1.16. Fulton Financial Corporation has a 12-month low of $14.04 and a 12-month high of $19.90.

Fulton Financial Corporation (NASDAQ:FULT) last posted its quarterly earnings data on Tuesday, July 18th. The bank reported $0.26 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.26. Fulton Financial Corporation had a return on equity of 8.02% and a net margin of 20.86%. The firm had revenue of $193.93 million for the quarter, compared to the consensus estimate of $194.02 million. During the same quarter in the prior year, the business earned $0.23 EPS. Analysts expect that Fulton Financial Corporation will post $1.06 EPS for the current year.

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In other Fulton Financial Corporation news, insider Michael J. Deporter sold 1,500 shares of the company’s stock in a transaction on Friday, July 21st. The shares were sold at an average price of $18.00, for a total transaction of $27,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Craig A. Roda sold 19,309 shares of the company’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $18.42, for a total transaction of $355,671.78. The disclosure for this sale can be found here. Insiders have sold a total of 26,348 shares of company stock valued at $484,312 in the last quarter. Corporate insiders own 0.68% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in shares of Fulton Financial Corporation by 17,543.0% in the 1st quarter. BlackRock Inc. now owns 18,627,957 shares of the bank’s stock valued at $332,509,000 after buying an additional 18,522,374 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Fulton Financial Corporation by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 15,089,443 shares of the bank’s stock valued at $286,699,000 after buying an additional 314,230 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Fulton Financial Corporation by 0.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 14,443,398 shares of the bank’s stock valued at $274,426,000 after buying an additional 112,692 shares in the last quarter. State Street Corp increased its position in shares of Fulton Financial Corporation by 4.0% in the 2nd quarter. State Street Corp now owns 9,239,829 shares of the bank’s stock valued at $175,556,000 after buying an additional 353,566 shares in the last quarter. Finally, Alliancebernstein L.P. increased its position in shares of Fulton Financial Corporation by 0.6% in the 2nd quarter. Alliancebernstein L.P. now owns 5,009,090 shares of the bank’s stock valued at $95,173,000 after buying an additional 29,669 shares in the last quarter. Institutional investors and hedge funds own 62.99% of the company’s stock.

About Fulton Financial Corporation

Fulton Financial Corporation is a financial holding company. The Company is the bank holding company of Fulton Bank N.A. (the Bank). As of December 31, 2016, the Company’s six subsidiary banks were located primarily in suburban or semi-rural geographic markets throughout a five-state region (Pennsylvania, Delaware, Maryland, New Jersey and Virginia).

Analyst Recommendations for Fulton Financial Corporation (NASDAQ:FULT)

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