Analysts expect Fulton Financial Co. (NASDAQ: FULT) to report earnings of $ 0.32 per share for the current quarter, Zack reports. Three analysts provided earnings estimates for Fulton Financial, with the lowest EPS estimate being $ 0.30 and the highest estimate being $ 0.36. Fulton Financial posted earnings of $ 0.38 per share in the same quarter of last year, which would suggest a negative growth rate of 15.8% year-over-year. The company is expected to release its next results on Tuesday, October 19.
According to Zacks, analysts expect Fulton Financial to report annual earnings of $ 1.48 per share for the current year, with EPS estimates ranging from $ 1.45 to $ 1.53. For the next fiscal year, analysts expect the company to report earnings of $ 1.29 per share, with EPS estimates ranging from $ 1.18 to $ 1.34. Zacks EPS Averages is an average based on a survey of seller-side research analysts who provide coverage for Fulton Financial.
Fulton Financial (NASDAQ: FULT) last released its quarterly results on Monday, July 19. The bank reported $ 0.38 of EPS for the quarter, beating the consensus estimate of $ 0.33 by $ 0.05. Fulton Financial had a net margin of 25.29% and a return on equity of 10.27%. The company posted revenue of $ 214.29 million for the quarter, compared to $ 217.31 million expected by analysts. During the same period of the previous year, the company made a profit of $ 0.24 per share. Fulton Financial’s revenue for the quarter increased 2.7% from the same quarter last year.
Several analysts have published reports on the company. Zacks investment research downgraded Fulton Financial from a âholdâ rating to a âbuyâ rating and set a price target of $ 18.00 for the stock in a report released on Tuesday, June 29. Raymond James reaffirmed a “hold” rating and set a price target of $ 15.17 on Fulton Financial shares in a report released on Monday, July 26.
Actions of Fulton Financial Action open for $ 15.02 Friday. The company has a current ratio of 0.91, a quick ratio of 0.91, and a debt ratio of 0.25. The company’s 50-day mobile average price is $ 15.45 and its two-hundred-day mobile average price is $ 16.40. Fulton Financial has a 52 week low of $ 8.94 and a 52 week high of $ 18.41. The stock has a market cap of $ 2.45 billion, a PE ratio of 10.08 and a beta of 0.84.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 15. Shareholders of record on Friday October 1 will receive a dividend of $ 0.14 per share. The ex-dividend date for this dividend is Thursday, September 30. This represents a dividend of $ 0.56 on an annualized basis and a return of 3.73%. Fulton Financial’s payout ratio is currently 51.85%.
Hedge funds have recently changed their holdings in the company. Captrust Financial Advisors increased its stake in Fulton Financial shares by 439.1% in the first quarter. Captrust Financial Advisors now owns 1,725 ââshares of the bank valued at $ 30,000 after purchasing an additional 1,405 shares in the last quarter. Advisory Services Network LLC acquired a new position in Fulton Financial shares in the second quarter valued at $ 40,000. FMR LLC increased its stake in Fulton Financial shares by 32.2% in the second quarter. FMR LLC now owns 3,089 shares of the bank valued at $ 48,000 after purchasing an additional 752 shares last quarter. Key Financial Inc increased its stake in Fulton Financial shares by 54.1% in the second quarter. Key Financial Inc now owns 6,833 shares of the bank valued at $ 105,000 after purchasing an additional 2,400 shares last quarter. Finally, Carolina Wealth Advisors LLC increased its stake in Fulton Financial shares by 28.4% in the second quarter. Carolina Wealth Advisors LLC now owns 8,396 shares of the bank valued at $ 132,000 after purchasing an additional 1,856 shares last quarter. Institutional investors hold 62.97% of the company’s shares.
Fulton Financial Company Profile
Fulton Financial Corp. is a financial holding company which, through its subsidiaries, provides banking products and services to individuals and businesses. It offers checking and savings account products, certificates of deposit and individual retirement accounts. The company also provides investment management, trust, brokerage, insurance and investment advisory services to commercial bank and individual clients in market sectors served by subsidiary banks.
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