Fulton Financial (FULT) Set to Announce Earnings on Tuesday

Fulton Financial (NASDAQ:FULTGet Rating) is scheduled to post its quarterly earnings results after the market closes on Tuesday, April 19th. Analysts expect Fulton Financial to post earnings of $0.31 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Fulton Financial (NASDAQ:FULTGet Rating) last released its quarterly earnings data on Tuesday, January 18th. The bank reported $0.37 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.37. The company had revenue of $232.68 million during the quarter, compared to analysts’ expectations of $225.60 million. Fulton Financial had a return on equity of 11.06% and a net margin of 27.63%. During the same period last year, the firm posted $0.30 earnings per share. On average, analysts expect Fulton Financial to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of FULT opened at $15.85 on Friday. The firm has a market capitalization of $2.54 billion, a PE ratio of 9.72 and a beta of 0.73. The company’s 50-day moving average is $17.35 and its 200-day moving average is $17.09. Fulton Financial has a fifty-two week low of $14.16 and a fifty-two week high of $19.17. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.90 and a quick ratio of 0.90.

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

In other news, EVP Angela M. Sargent sold 10,823 shares of the business’s stock in a transaction dated Friday, March 4th. The shares were sold at an average price of $17.20, for a total value of $186,155.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.01% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Neo Ivy Capital Management bought a new position in Fulton Financial in the fourth quarter valued at approximately $45,000. NewEdge Advisors LLC bought a new position in shares of Fulton Financial in the 4th quarter valued at $171,000. Comerica Bank raised its holdings in shares of Fulton Financial by 0.8% during the 4th quarter. Comerica Bank now owns 74,585 shares of the bank’s stock worth $1,358,000 after buying an additional 565 shares in the last quarter. Deutsche Bank AG boosted its stake in Fulton Financial by 4.4% in the fourth quarter. Deutsche Bank AG now owns 107,040 shares of the bank’s stock valued at $1,821,000 after buying an additional 4,486 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in Fulton Financial by 16.2% in the fourth quarter. Wells Fargo & Company MN now owns 165,464 shares of the bank’s stock valued at $2,813,000 after acquiring an additional 23,121 shares during the last quarter. Institutional investors own 62.82% of the company’s stock.

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

About Fulton Financial (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.

See Also

Earnings History for Fulton Financial (NASDAQ:FULT)

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