StockNews.com Lowers Fulton Financial (NASDAQ:FULT) to Sell

Fulton Financial (NASDAQ:FULT) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Friday.

Several other brokerages have also commented on FULT. Keefe, Bruyette & Woods raised their price target on Fulton Financial from $16.00 to $17.00 and gave the company a “market perform” rating in a research note on Thursday, January 18th. Stephens dropped their price objective on Fulton Financial from $16.00 to $15.50 and set an “equal weight” rating on the stock in a research report on Thursday, April 18th. Finally, Jefferies Financial Group dropped their price objective on Fulton Financial from $17.00 to $16.00 and set a “hold” rating on the stock in a research report on Monday, April 8th. One investment analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $16.17.

Fulton Financial Stock Performance

Shares of Fulton Financial stock opened at $15.62 on Friday. The firm has a market cap of $2.53 billion, a P/E ratio of 9.70 and a beta of 0.81. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.43. Fulton Financial has a 12 month low of $9.64 and a 12 month high of $17.06. The stock’s fifty day moving average price is $15.30 and its 200-day moving average price is $15.03.

Institutional Investors Weigh In On Fulton Financial

A number of institutional investors have recently added to or reduced their stakes in the stock. Morton Brown Family Wealth LLC acquired a new stake in Fulton Financial in the fourth quarter worth about $26,000. Blue Trust Inc. boosted its holdings in Fulton Financial by 82.8% in the fourth quarter. Blue Trust Inc. now owns 1,724 shares of the bank’s stock worth $28,000 after acquiring an additional 781 shares in the last quarter. Strs Ohio acquired a new stake in Fulton Financial in the fourth quarter worth about $29,000. Disciplined Equity Management Inc. acquired a new stake in Fulton Financial in the fourth quarter worth about $32,000. Finally, YHB Investment Advisors Inc. acquired a new stake in Fulton Financial in the first quarter worth about $36,000. Institutional investors own 72.02% of the company’s stock.

Fulton Financial Company Profile

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.