August 16, 2022

Business & Finance Blog

FY2022 EPS Estimates for Fulton Financial Co. Boosted by Analyst (NASDAQ:FULT)

Fulton Monetary Co. (NASDAQ:FULT – Get Ranking) – Study analysts at DA Davidson raised their FY2022 earnings estimates for Fulton Economic in a study observe issued to traders on Wednesday, March 30th. DA Davidson analyst R. Gunther now forecasts that the bank will write-up earnings for every share of $1.56 for the 12 months, up from their prior forecast of $1.33.

Fulton Fiscal (NASDAQ:FULT – Get Score) very last introduced its quarterly earnings details on Tuesday, January 18th. The lender reported $.37 earnings for each share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $.37. The company experienced earnings of $232.68 million all through the quarter, in contrast to analysts’ expectations of $225.60 million. Fulton Economic experienced a net margin of 27.63% and a return on fairness of 11.06%. Through the exact same interval in the former calendar year, the corporation earned $.30 EPS.

FULT has been the issue of a number of other stories. Zacks Financial investment Study elevated shares of Fulton Money from a “hold” ranking to a “buy” rating and established a $19.00 price tag objective for the firm in a analysis report on Friday. started out coverage on shares of Fulton Fiscal in a study report on Thursday. They established a “hold” score for the company.

Fulton Financial inventory opened at $16.66 on Friday. The inventory has a industry cap of $2.67 billion, a P/E ratio of 10.22 and a beta of .75. The company has a fifty day uncomplicated going common of $17.76 and a 200-day straightforward shifting typical of $17.00. Fulton Fiscal has a 12-month minimal of $14.16 and a 12-thirty day period large of $19.17. The organization has a present-day ratio of .90, a quick ratio of .90 and a credit card debt-to-fairness ratio of .25.

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Hedge cash and other institutional investors have a short while ago bought and bought shares of the company. Signaturefd LLC elevated its stake in Fulton Economic by 44.6% in the fourth quarter. Signaturefd LLC now owns 1,953 shares of the bank’s inventory valued at $33,000 after acquiring an more 602 shares during the period. Neo Ivy Capital Management acquired a new situation in Fulton Money in the fourth quarter valued at $45,000. Blue Bell Non-public Prosperity Administration LLC obtained a new position in Fulton Monetary in the fourth quarter valued at $62,000. SouthState Corp obtained a new placement in Fulton Economic in the third quarter valued at $61,000. Lastly, Tompkins Fiscal Corp obtained a new place in shares of Fulton Monetary through the third quarter well worth about $70,000. Institutional traders very own 62.82% of the company’s inventory.

In similar information, EVP Angela M. Sargent bought 10,823 shares of the business’s inventory in a transaction on Friday, March 4th. The shares had been sold at an typical selling price of $17.20, for a total price of $186,155.60. The sale was disclosed in a lawful filing with the Securities & Trade Commission, which can be accessed as a result of the SEC web page. 1.01% of the inventory is owned by insiders.

The enterprise also recently declared a quarterly dividend, which will be paid on Monday, April 18th. Investors of record on Friday, April 1st will be offered a $.15 dividend. The ex-dividend date is Thursday, March 31st. This is a increase from Fulton Financial’s previous quarterly dividend of $.14. This signifies a $.60 dividend on an annualized basis and a produce of 3.60%. Fulton Financial’s payout ratio is 34.36%.

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About Fulton Financial (Get Ranking)

Fulton Economic Corporation operates as a economical keeping organization that delivers consumer and industrial banking goods and providers. It accepts a variety of examining accounts and savings deposit goods, certificates of deposit, and personal retirement accounts. The enterprise also features secured consumer financial loans, which includes home equity financial loans and lines of credit, auto financial loans, own lines of credit history, and checking account overdraft protection development and jumbo household house loan loans and professional lending products comprising business authentic estate, business and industrial, and construction loans, as very well as devices lease funding financial loans.

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Earnings History and Estimates for Fulton Financial (NASDAQ:FULT)

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