Fulton Financial Corp (NASDAQ:FULT) Sentiment Increased, Because

October 2, 2018 - By Dolores Ford

Sentiment for Fulton Financial Corp (NASDAQ:FULT)

Fulton Financial Corp (NASDAQ:FULT) institutional sentiment increased to 1.44 in 2018 Q2. Its up 0.63, from 0.81 in 2018Q1. The ratio increased, as 92 investment professionals started new or increased positions, while 64 trimmed and sold equity positions in Fulton Financial Corp. The investment professionals in our partner’s database now own: 108.22 million shares, up from 106.96 million shares in 2018Q1. Also, the number of investment professionals holding Fulton Financial Corp in their top 10 positions decreased from 2 to 0 for a decrease of 2. Sold All: 9 Reduced: 55 Increased: 70 New Position: 22.

Fulton Financial Corporation operates as a multi-bank financial holding firm that provides banking and financial services to businesses and consumers. The company has market cap of $2.87 billion. It accepts various checking accounts and savings deposit products, certificates of deposit, and individual retirement accounts. It has a 17.14 P/E ratio. The firm also offers consumer loans, including home equity loans and lines of credit, automobile loans, automobile and equipment leases, personal lines of credit, and checking account overdraft protection; fixed, variable, and adjustable-rate products, such as construction and jumbo loans; and residential mortgages, as well as commercial lending products comprising commercial, financial, agricultural, and real estate loans.

The stock decreased 1.06% or $0.17 during the last trading session, reaching $16.28. About 179,029 shares traded. Fulton Financial Corporation (NASDAQ:FULT) has risen 0.72% since October 2, 2017 and is uptrending. It has underperformed by 14.90% the S&P500.

Analysts await Fulton Financial Corporation (NASDAQ:FULT) to report earnings on October, 16. They expect $0.33 EPS, up 17.86 % or $0.05 from last year’s $0.28 per share. FULT’s profit will be $58.07 million for 12.33 P/E if the $0.33 EPS becomes a reality. After $0.20 actual EPS reported by Fulton Financial Corporation for the previous quarter, Wall Street now forecasts 65.00 % EPS growth.

Fulton Bank N.A. holds 2.18% of its portfolio in Fulton Financial Corporation for 1.90 million shares. Hillcrest Asset Management Llc owns 572,064 shares or 1.76% of their US portfolio. Moreover, Dalton Greiner Hartman Maher & Co has 1.02% invested in the company for 1.20 million shares. The Minnesota-based Foundry Partners Llc has invested 0.91% in the stock. Palisade Capital Management Llc Nj, a New Jersey-based fund reported 1.50 million shares.

Since January 1, 0001, it had 1 buy, and 2 insider sales for $109,989 activity.

Fulton Financial Corporation (NASDAQ:FULT) Ratings Coverage

Ratings analysis reveals 17% of Fulton Financial’s analysts are positive. Out of 6 Wall Street analysts rating Fulton Financial, 1 give it “Buy”, 1 “Sell” rating, while 4 recommend “Hold”. The lowest target is $1800 while the high is $1900. The stock’s average target of $18.50 is 13.64% above today’s ($16.28) share price. FULT was included in 7 notes of analysts from April 19, 2018. The stock of Fulton Financial Corporation (NASDAQ:FULT) has “Hold” rating given on Wednesday, April 18 by Boenning & Scattergood. On Thursday, April 19 the stock rating was maintained by Barclays Capital with “Underweight”. The stock has “Hold” rating by Hovde Group on Monday, April 23. The rating was upgraded by PiperJaffray on Thursday, July 19 to “Overweight”. Jefferies maintained it with “Hold” rating and $1900 target in Thursday, April 19 report. The firm has “Hold” rating given on Friday, June 1 by Boenning & Scattergood. The firm has “Hold” rating given on Thursday, April 19 by Piper Jaffray.

Fulton Financial Corporation (NASDAQ:FULT) Institutional Positions Chart

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