Fulton FinancialFULT
FULT
About: Fulton Financial is a U.S.-based financial services holding company that operates in five states: Pennsylvania, Delaware, Maryland, New Jersey, and Virginia. It offers a range of consumer and commercial banking products and services, such as checking and savings deposit products and loan products. It offers consumer and commercial banking products and services, as well as wealth management products and services. The bank derives its revenue from non-interest income, led by its Wealth Management division.
Employees: 3,400
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
213% more call options, than puts
Call options by funds: $930K | Put options by funds: $297K
96% more first-time investments, than exits
New positions opened: 49 | Existing positions closed: 25
24% more repeat investments, than reductions
Existing positions increased: 104 | Existing positions reduced: 84
9% more funds holding
Funds holding: 270 [Q2] → 294 (+24) [Q3]
2% more capital invested
Capital invested by funds: $2.38B [Q2] → $2.42B (+$41.5M) [Q3]
3.7% less ownership
Funds ownership: 77.24% [Q2] → 73.54% (-3.7%) [Q3]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$23
17%
upside
Avg. target
$23
17%
upside
High target
$23
17%
upside
1 analyst rating
0 positive
0%
1 neutral
100%
0 negative
0%
Keefe, Bruyette & Woods Christopher Mcgratty 72% 1-year accuracy 13 / 18 met price target | 17%upside $23 | Market Perform Maintained | 4 Dec 2024 |
Financial journalist opinion
Based on 3 articles about FULT published over the past 30 days
Positive
Zacks Investment Research
2 days ago
Fulton Rewards Shareholders With Dividend Hike, New Repurchase Plan
FULT hiked its dividend by 5.9% from the prior payout. It also announced a new share buyback plan of up to $125 million.
Neutral
PRNewsWire
4 days ago
Fulton Financial Corporation Announces Increased Common Stock Dividend, Preferred Stock Dividend and $125 Million Repurchase Program
LANCASTER, Pa. , Dec. 17, 2024 /PRNewswire/ -- Fulton Financial Corporation ("Fulton") (Nasdaq: FULT) today announced that its Board of Directors (the "Board") declared a quarterly cash dividend of eighteen cents per share on its common stock, payable on January 15, 2025, to shareholders of record as of December 31, 2024.
Neutral
Seeking Alpha
3 weeks ago
Fulton Financial: Potential Headwinds In The Short Term
Fulton Financial Corporation has shown strong performance, with a 38% stock increase, but I maintain a hold rating due to potential headwinds from declining interest rates. The acquisition of Republic Bank has strengthened FULT's financial structure, but interest rate neutrality has not yet been achieved, posing risks. Shareholder remuneration is solid with a 3.15% dividend yield and potential for 7-8% annual growth, though capital gains seem limited.
Neutral
PRNewsWire
1 month ago
FULTON FINANCIAL CORPORATION NAMES RICK KRAEMER AS CHIEF FINANCIAL OFFICER
LANCASTER, Pa. , Nov. 1, 2024 /PRNewswire/ -- Fulton Financial Corporation ("Fulton") (NASDAQ: FULT) today announced that Richard Kraemer has been appointed as Senior Executive Vice President and Chief Financial Officer ("CFO"), replacing Interim CFO Betsy Chivinski, who is retiring from Fulton at the end of the year.
Neutral
Seeking Alpha
2 months ago
Fulton Financial Corporation (FULT) Q3 2024 Earnings Call Transcript
Fulton Financial Corporation (FULT) Q3 2024 Earnings Call Transcript
Positive
Zacks Investment Research
2 months ago
Fulton Financial (FULT) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
The headline numbers for Fulton Financial (FULT) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Positive
Zacks Investment Research
2 months ago
Fulton Financial (FULT) Q3 Earnings and Revenues Surpass Estimates
Fulton Financial (FULT) came out with quarterly earnings of $0.50 per share, beating the Zacks Consensus Estimate of $0.44 per share. This compares to earnings of $0.43 per share a year ago.
Neutral
PRNewsWire
2 months ago
Fulton Financial Corporation Announces Third Quarter 2024 Results
LANCASTER, Pa. , Oct. 15, 2024 /PRNewswire/ -- Fulton Financial Corporation (NASDAQ: FULT) ("Fulton" or the "Corporation") reported net income available to common shareholders of $60.6 million, or $0.33 per diluted share, for the third quarter of 2024, a decrease of $31.8 million, or $0.19 per share, in comparison to the second quarter of 2024.
Positive
Zacks Investment Research
2 months ago
Unlocking Q3 Potential of Fulton Financial (FULT): Exploring Wall Street Estimates for Key Metrics
Besides Wall Street's top -and-bottom-line estimates for Fulton Financial (FULT), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2024.
Neutral
PRNewsWire
2 months ago
Fulton Financial Corporation Announces Dates for Third Quarter 2024 Earnings Release and Webcast
LANCASTER, Pa. , Oct. 9, 2024 /PRNewswire/ -- Fulton Financial Corporation ("Fulton") (Nasdaq: FULT) today announced that it will distribute its third quarter 2024 earnings release and accompanying charts on Tuesday, October 15, at approximately 4:30 p.m.
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