$0.32 EPS Expected for Fulton Financial Co. (NASDAQ:FULT) This Quarter

Equities research analysts expect that Fulton Financial Co. (NASDAQ:FULTGet Rating) will report earnings of $0.32 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Fulton Financial’s earnings, with estimates ranging from $0.28 to $0.34. Fulton Financial posted earnings of $0.43 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 25.6%. The company is scheduled to announce its next quarterly earnings results after the market closes on Monday, January 1st.

On average, analysts expect that Fulton Financial will report full year earnings of $1.47 per share for the current financial year, with EPS estimates ranging from $1.34 to $1.56. For the next fiscal year, analysts anticipate that the business will post earnings of $1.71 per share, with EPS estimates ranging from $1.55 to $1.85. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Fulton Financial.

Fulton Financial (NASDAQ:FULTGet Rating) last announced its quarterly earnings results on Tuesday, January 18th. The bank reported $0.37 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.37. The business had revenue of $232.68 million for the quarter, compared to analysts’ expectations of $225.60 million. Fulton Financial had a net margin of 27.63% and a return on equity of 11.06%. During the same quarter last year, the firm earned $0.30 EPS.

Several equities research analysts have commented on FULT shares. StockNews.com started coverage on shares of Fulton Financial in a research note on Thursday, March 31st. They issued a “hold” rating for the company. DA Davidson raised their price target on shares of Fulton Financial from $16.00 to $20.00 in a research note on Thursday, January 20th. Finally, Zacks Investment Research upgraded shares of Fulton Financial from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research note on Friday, April 1st.

In related news, EVP Angela M. Sargent sold 10,823 shares of Fulton Financial stock in a transaction that occurred on Friday, March 4th. The shares were sold at an average price of $17.20, for a total value of $186,155.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in FULT. Morgan Stanley boosted its holdings in Fulton Financial by 4.7% in the 2nd quarter. Morgan Stanley now owns 387,955 shares of the bank’s stock valued at $6,122,000 after purchasing an additional 17,336 shares during the period. Private Advisor Group LLC boosted its holdings in Fulton Financial by 43.3% in the 3rd quarter. Private Advisor Group LLC now owns 29,750 shares of the bank’s stock valued at $455,000 after purchasing an additional 8,996 shares during the period. New York State Teachers Retirement System boosted its holdings in Fulton Financial by 5.4% in the 3rd quarter. New York State Teachers Retirement System now owns 208,671 shares of the bank’s stock valued at $3,188,000 after purchasing an additional 10,771 shares during the period. WINTON GROUP Ltd boosted its holdings in Fulton Financial by 125.0% in the 3rd quarter. WINTON GROUP Ltd now owns 41,531 shares of the bank’s stock valued at $635,000 after purchasing an additional 23,071 shares during the period. Finally, Commonwealth Equity Services LLC boosted its holdings in Fulton Financial by 13.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 176,902 shares of the bank’s stock valued at $2,703,000 after purchasing an additional 20,390 shares during the period. Institutional investors and hedge funds own 62.82% of the company’s stock.

NASDAQ:FULT traded down $0.23 on Tuesday, hitting $15.82. The stock had a trading volume of 992,061 shares, compared to its average volume of 1,159,662. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a market cap of $2.54 billion, a P/E ratio of 9.71 and a beta of 0.73. Fulton Financial has a 1 year low of $14.16 and a 1 year high of $19.17. The firm’s fifty day simple moving average is $17.49 and its two-hundred day simple moving average is $17.08.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 18th. Stockholders of record on Friday, April 1st will be paid a dividend of $0.15 per share. The ex-dividend date is Thursday, March 31st. This represents a $0.60 annualized dividend and a dividend yield of 3.79%. This is a positive change from Fulton Financial’s previous quarterly dividend of $0.14. Fulton Financial’s dividend payout ratio (DPR) is presently 36.81%.

Fulton Financial Company Profile (Get Rating)

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

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

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