FY2025 Earnings Estimate for FULT Issued By DA Davidson

Fulton Financial Corporation (NASDAQ:FULT) – Investment analysts at DA Davidson issued their FY2025 earnings per share (EPS) estimates for shares of Fulton Financial in a research note issued on Thursday, July 17th. DA Davidson analyst M. Navas forecasts that the bank will post earnings per share of $2.00 for the year. DA Davidson has a “Neutral” rating and a $20.00 price objective on the stock. The consensus estimate for Fulton Financial’s current full-year earnings is $1.91 per share.

Fulton Financial (NASDAQ:FULT) last posted its earnings results on Tuesday, July 15th. The bank reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.12. The firm had revenue of $328.45 million during the quarter, compared to analyst estimates of $320.47 million. Fulton Financial had a net margin of 17.00% and a return on equity of 12.44%. During the same period last year, the firm posted $0.52 earnings per share.

Several other research analysts have also commented on the company. Piper Sandler reiterated a “neutral” rating on shares of Fulton Financial in a research report on Wednesday, July 9th. Keefe, Bruyette & Woods lifted their price objective on shares of Fulton Financial from $21.00 to $22.00 and gave the stock a “market perform” rating in a research note on Thursday. Finally, Jefferies Financial Group restated a “hold” rating on shares of Fulton Financial in a report on Wednesday, July 9th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Fulton Financial has a consensus rating of “Hold” and an average price target of $21.13.

Fulton Financial Stock Performance

Shares of NASDAQ:FULT opened at $19.62 on Monday. The firm has a fifty day simple moving average of $18.02 and a two-hundred day simple moving average of $18.32. Fulton Financial has a 52 week low of $14.33 and a 52 week high of $22.49. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $3.57 billion, a P/E ratio of 11.47 and a beta of 0.77.

Fulton Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st were given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 3.67%. The ex-dividend date was Tuesday, July 1st. Fulton Financial’s dividend payout ratio (DPR) is presently 42.11%.

Institutional Trading of Fulton Financial

Institutional investors and hedge funds have recently made changes to their positions in the business. Summit Investment Advisors Inc. grew its stake in Fulton Financial by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 18,997 shares of the bank’s stock worth $366,000 after purchasing an additional 602 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Fulton Financial by 1.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 36,303 shares of the bank’s stock worth $657,000 after buying an additional 684 shares in the last quarter. Private Advisor Group LLC grew its position in shares of Fulton Financial by 2.0% during the 1st quarter. Private Advisor Group LLC now owns 35,552 shares of the bank’s stock worth $643,000 after buying an additional 704 shares in the last quarter. Xponance Inc. increased its stake in shares of Fulton Financial by 5.5% during the first quarter. Xponance Inc. now owns 13,775 shares of the bank’s stock valued at $249,000 after buying an additional 717 shares during the period. Finally, Blue Trust Inc. raised its holdings in shares of Fulton Financial by 15.1% in the first quarter. Blue Trust Inc. now owns 5,728 shares of the bank’s stock valued at $104,000 after acquiring an additional 752 shares in the last quarter. 72.02% of the stock is currently owned by institutional investors.

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.