Fulton Financial Corp (NASDAQ:FULT) – Equities researchers at Boenning Scattergood upped their FY2018 earnings per share estimates for shares of Fulton Financial in a research note issued on Wednesday, October 17th. Boenning Scattergood analyst M. Schultheis now expects that the bank will earn $1.21 per share for the year, up from their prior forecast of $1.15. Boenning Scattergood has a “Hold” rating on the stock. Boenning Scattergood also issued estimates for Fulton Financial’s Q4 2018 earnings at $0.36 EPS, Q1 2019 earnings at $0.34 EPS, Q2 2019 earnings at $0.37 EPS, Q3 2019 earnings at $0.38 EPS, Q4 2019 earnings at $0.39 EPS and FY2019 earnings at $1.48 EPS.

Fulton Financial (NASDAQ:FULT) last announced its quarterly earnings data on Tuesday, October 16th. The bank reported $0.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.04. Fulton Financial had a net margin of 20.45% and a return on equity of 8.89%. The business had revenue of $214.23 million for the quarter, compared to analyst estimates of $209.72 million. During the same period last year, the business earned $0.28 EPS.

A number of other equities research analysts have also weighed in on FULT. ValuEngine upgraded shares of Fulton Financial from a “sell” rating to a “hold” rating in a report on Tuesday, July 10th. Zacks Investment Research upgraded shares of Fulton Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, July 11th. BidaskClub lowered shares of Fulton Financial from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 17th. Piper Jaffray Companies upgraded shares of Fulton Financial from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $18.50 to $19.00 in a research note on Thursday, July 19th. Finally, Hovde Group set a $19.00 price target on shares of Fulton Financial and gave the stock a “hold” rating in a research note on Monday, July 23rd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. Fulton Financial currently has an average rating of “Hold” and a consensus price target of $18.57.

Shares of FULT opened at $16.65 on Friday. Fulton Financial has a twelve month low of $15.05 and a twelve month high of $19.55. The firm has a market capitalization of $2.98 billion, a PE ratio of 15.56, a PEG ratio of 1.85 and a beta of 1.05. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.43.

The business also recently declared a quarterly dividend, which was paid on Monday, October 15th. Investors of record on Monday, October 1st were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, September 28th. This represents a $0.48 annualized dividend and a yield of 2.88%. Fulton Financial’s dividend payout ratio is currently 44.86%.

A number of large investors have recently made changes to their positions in FULT. Raymond James & Associates acquired a new stake in Fulton Financial during the 2nd quarter worth $180,000. Nomura Holdings Inc. acquired a new stake in Fulton Financial during the 2nd quarter worth $219,000. Glen Harbor Capital Management LLC raised its stake in Fulton Financial by 29.9% during the 2nd quarter. Glen Harbor Capital Management LLC now owns 16,256 shares of the bank’s stock worth $268,000 after acquiring an additional 3,744 shares in the last quarter. Riverhead Capital Management LLC raised its stake in Fulton Financial by 29.6% during the 2nd quarter. Riverhead Capital Management LLC now owns 17,960 shares of the bank’s stock worth $296,000 after acquiring an additional 4,100 shares in the last quarter. Finally, Private Advisor Group LLC acquired a new stake in Fulton Financial during the 2nd quarter worth $302,000. Hedge funds and other institutional investors own 62.82% of the company’s stock.

Fulton Financial Company Profile

Fulton Financial Corporation operates as a multi-bank financial holding company that provides banking and financial services to businesses and consumers. It accepts various checking accounts and savings deposit products, certificates of deposit, and individual retirement accounts. The company also offers consumer loans, including home equity loans and lines of credit, automobile loans, automobile and equipment leases, personal lines of credit, and checking account overdraft protection; construction and jumbo residential mortgage loans; and commercial lending products comprising commercial, financial, agricultural, and real estate loans.

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Earnings History and Estimates for Fulton Financial (NASDAQ:FULT)

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