Fulton Financial (FULT) to Release Earnings on Tuesday

Fulton Financial (NASDAQ:FULT) is expected to be issuing its quarterly earnings data after the market closes on Tuesday, January 21st. Analysts expect the company to announce earnings of $0.42 per share and revenue of $315,731.00 billion for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Fulton Financial Stock Up 1.8 %

Shares of NASDAQ FULT opened at $20.86 on Friday. Fulton Financial has a 12-month low of $13.87 and a 12-month high of $22.49. The company has a market capitalization of $3.80 billion, a PE ratio of 13.20 and a beta of 0.79. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.93 and a quick ratio of 0.93. The firm’s 50-day moving average is $20.50 and its two-hundred day moving average is $19.01.

Fulton Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.72 dividend on an annualized basis and a yield of 3.45%. This is an increase from Fulton Financial’s previous quarterly dividend of $0.17. Fulton Financial’s payout ratio is currently 45.57%.

Insider Activity

In related news, CEO Curtis J. Myers sold 24,192 shares of Fulton Financial stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $21.16, for a total value of $511,902.72. Following the completion of the transaction, the chief executive officer now directly owns 155,946 shares of the company’s stock, valued at $3,299,817.36. The trade was a 13.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.07% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on FULT. Keefe, Bruyette & Woods lifted their price target on shares of Fulton Financial from $20.00 to $23.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. StockNews.com downgraded shares of Fulton Financial from a “hold” rating to a “sell” rating in a research note on Monday, November 11th. Stephens upgraded shares of Fulton Financial from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 9th. Finally, Piper Sandler set a $21.00 price target on shares of Fulton Financial in a research note on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Fulton Financial presently has a consensus rating of “Hold” and a consensus price target of $19.50.

About Fulton Financial

Fulton Financial Corporation operates as a financial holding company that provides consumer and commercial banking products and services in Pennsylvania, Delaware, Maryland, New Jersey, and Virginia. It accepts various checking accounts and savings deposit products, certificates of deposit, and individual retirement accounts.