Check Fulton Financial Corporation’s past financial performance, like revenue or net income, plus the top level summary of its past and current market value. Our experts picked 7 Zacks Rank #1 Strong Buy stocks with the best chance to skyrocket within the next days. Fulton Financial (FULT Quick QuoteFULT – Free Report) is a stock many investors are watching right now. FULT is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value.
- E Philip Wenger has an approval rating of 100% among the company’s employees.
- The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries.
- This strategy simply looks to identify companies that are being undervalued by the broader market.
- It offers checking account and savings deposit products, certificates of deposit and individual retirement accounts.
- On average, they predict the company’s stock price to reach $15.00 in the next twelve months.
Fulton Financial has confirmed that its next quarterly earnings data will be published on Tuesday, October 17th, 2023. If you are buying or selling stocks and funds listed abroad, you could be hit with extra cost for your cross border money transfer. Use Wise money transfer to avoid hidden currency exchange markup or open a Wise account to conveniently manage your money in up to 40 currencies.
Fulton Financial saw a increase in short interest during the month of September. As of September 30th, there was short interest totaling 5,000 shares, an increase of 38.9% from the September 15th total of 3,600 shares. Based on an average daily volume of 17,400 shares, the days-to-cover ratio is presently 0.3 days. The P/B ratio is used to compare a stock’s market value with its book value, which is defined as total assets minus total liabilities. FULT’s current P/B looks attractive when compared to its industry’s average P/B of 1.12.
It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500. Value investors will likely look at more than just these metrics, but the above data helps show that Fulton Financial and Midland States Bancorp are likely undervalued currently. And when considering the strength of its earnings outlook, FULT and MSBI sticks out as one of the market’s strongest value stocks. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.
At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.17% per year. These returns cover a period from January 1, 1988 through September 4, 2023. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return.
Price Target and Rating
A hold rating indicates that analysts believe investors should maintain any existing positions they have in FULT, but not buy additional shares or sell existing shares. The Price to Book ratio or P/B is calculated as market capitalization divided by its book value. (Book value is defined as total assets minus liabilities, preferred stocks, and intangible assets.) In short, this is how much a company is worth.
Fulton Financial’s stock was trading at $16.83 on January 1st, 2023. Since then, FULT shares have decreased by 28.3% and is now trading at $12.06. Ratings agency Moody’s cut the credit ratings of several small and midsized banks late Monday and warned other big lenders, citing profitability challenges and funding risks. Moody’s Investors Service lowered the ratings for 10 banks, including US Bancorp, Bank of New York Mellon, State Street, and Truist Financial. Enter your email address below to receive the latest headlines and analysts’ recommendations for your stocks with our free daily email newsletter. Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.
Fulton Financial’s stock was trading at $19.63 on January 1st, 2023. Since then, FULTP stock has decreased by 21.2% and is now trading at $15.46. Banks often advertise free or low-cost transfers, but add a hidden markup to the exchange rate. Wise gives you the real, mid-market, exchange rate, so you can make huge savings on your international money transfers. Buying or selling a stock that’s not traded in your local currency?
Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks. Furthermore, Midland States Bancorp holds a P/B ratio of 0.67 and its industry’s price-to-book ratio is 1.12. MSBI’s P/B has been as high as 1, as low as 0.62, with a median of 0.76 over the past 12 months. Fulton Financial declared a quarterly dividend on Tuesday, September 19th. Stockholders of record on Monday, October 2nd will be paid a dividend of $0.16 per share on Friday, October 13th. This represents a $0.64 annualized dividend and a dividend yield of 5.31%.
It’s packed with all of the company’s key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers. The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. This stock’s P/B looks solid versus its industry’s average P/B of 1.57.
The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. An industry with a larger percentage of Zacks Rank beaxy exchange review #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. FULT is currently sporting a Zacks Rank of #2 (Buy) and an A for Value.
(Delayed Data from NSDQ)
View analysts price targets for FULT or view top-rated stocks among Wall Street analysts. 4 Wall Street analysts have issued “buy,” “hold,” and “sell” ratings for Fulton Financial in the last year. The consensus among Wall Street analysts is that investors should “hold” FULT shares.
These bank stocks trade at discounts of up to 54% — and Wall Street loves them
E Philip Wenger has an approval rating of 100% among the company’s employees. This puts E Philip Wenger in the top 10% of approval ratings compared to other CEOs of publicly-traded companies. These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies. The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports. Sign-up to receive the latest news and ratings for FULT and its competitors with MarketBeat’s FREE daily newsletter.
Traditionally, banks don’t trade well in the early summer session, but with a number of factors both technical and fundamental conspiring, that way of thinking may have to take a year off. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Moody’s downgraded several small and mid-sized banks and put six major Wall Street lenders on negative watch amid concerns over higher interest rates.
Fulton Financial – 33 Year Stock Price History FULT
Moody’s on Monday cut the credit ratings of a host of small and mid-sized U.S. banks and placed several Wall Street big names on negative review. Ratings agency Moody’s said the U.S. banking sector is still strong even after it downgraded several small to mid-sized lenders and warned it might cut the ratings of several major banks. U.S. bank shares slid what is ad hoc reporting & the meaning of ad hoc analysis on Tuesday after Moody’s downgraded several small to mid-sized banks and said it may revise the credit ratings of some of the nation’s biggest lenders, sparking concerns about th… LANCASTER, Pa.–(BUSINESS WIRE)–Fulton Financial Corporation declared a quarterly cash dividend of $0.16 per share on its common stock, payable on October 13, 2023.