Fulton Financial (FULT) to Release Quarterly Earnings on Tuesday

Fulton Financial (NASDAQ:FULT) is expected to issue its quarterly earnings data after the market closes on Tuesday, January 21st. Analysts expect the company to announce earnings of $0.42 per share and revenue of $315,731.00 billion for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Fulton Financial Stock Performance

Shares of NASDAQ:FULT opened at $20.86 on Friday. The stock has a market capitalization of $3.80 billion, a P/E ratio of 13.20 and a beta of 0.79. Fulton Financial has a 1-year low of $13.87 and a 1-year high of $22.49. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.32. The business has a 50-day moving average price of $20.50 and a two-hundred day moving average price of $19.01.

Fulton Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.18 dividend. The ex-dividend date was Tuesday, December 31st. This is a boost from Fulton Financial’s previous quarterly dividend of $0.17. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.45%. Fulton Financial’s dividend payout ratio is 45.57%.

Insider Activity at Fulton Financial

In other Fulton Financial news, CEO Curtis J. Myers sold 24,192 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $21.16, for a total transaction of $511,902.72. Following the completion of the transaction, the chief executive officer now owns 155,946 shares of the company’s stock, valued at $3,299,817.36. This represents a 13.43 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.07% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on FULT shares. StockNews.com cut Fulton Financial from a “hold” rating to a “sell” rating in a research note on Monday, November 11th. Keefe, Bruyette & Woods upped their price target on Fulton Financial from $20.00 to $23.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Stephens raised Fulton Financial from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 9th. Finally, Piper Sandler set a $21.00 price objective on Fulton Financial in a research report on Thursday, October 17th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Fulton Financial currently has an average rating of “Hold” and an average target price of $19.50.

About Fulton Financial

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.