BidaskClub upgraded shares of Fulton Financial (NASDAQ:FULT) from a hold rating to a buy rating in a research note published on Thursday.
FULT has been the subject of several other reports. Barclays upped their price objective on shares of Fulton Financial from $18.00 to $19.00 and gave the stock an underweight rating in a report on Tuesday, January 2nd. Zacks Investment Research raised shares of Fulton Financial from a hold rating to a buy rating and set a $20.00 price objective for the company in a report on Wednesday, January 3rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. Fulton Financial presently has a consensus rating of Hold and an average target price of $18.80.
Fulton Financial (NASDAQ FULT) traded up $0.45 during midday trading on Thursday, hitting $19.45. 677,293 shares of the company traded hands, compared to its average volume of 887,325. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.47. The company has a market cap of $3,409.37, a P/E ratio of 18.18 and a beta of 1.02. Fulton Financial has a fifty-two week low of $16.45 and a fifty-two week high of $19.90.
Large investors have recently added to or reduced their stakes in the stock. Zeke Capital Advisors LLC acquired a new position in Fulton Financial during the 4th quarter valued at $191,000. FDx Advisors Inc. acquired a new position in Fulton Financial during the 3rd quarter valued at $192,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Fulton Financial by 46.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,306 shares of the bank’s stock valued at $202,000 after purchasing an additional 3,585 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in Fulton Financial during the 4th quarter valued at $208,000. Finally, Tower Bridge Advisors acquired a new position in Fulton Financial during the 4th quarter valued at $219,000. Hedge funds and other institutional investors own 62.58% of the company’s stock.
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Fulton Financial Company Profile
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).
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