Fulton Financial Corp. (NASDAQ: FULT) has experienced a rise in its stock price by 0.33 compared to its previous closing price of 18.40. However, the company has seen a gain of 6.58% in its stock price over the last five trading days. prnewswire.com reported 2024-09-17 that LANCASTER, Pa., Sept. 17, 2024 /PRNewswire/ — Fulton Financial Corporation (“Fulton”) (Nasdaq: FULT) today announced that its Board of Directors (the “Board”) declared a quarterly cash dividend of seventeen cents per share on its common stock, payable on October 15, 2024, to shareholders of record as of October 1, 2024.
Is It Worth Investing in Fulton Financial Corp. (NASDAQ: FULT) Right Now?
Fulton Financial Corp. (NASDAQ: FULT) has a price-to-earnings ratio that is above its average at 11.02x. The stock has a 36-month beta value of 0.76. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 9 as “hold,” and 1 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for FULT is 179.83M, and at present, short sellers hold a 3.41% of that float. On September 19, 2024, the average trading volume of FULT was 1.59M shares.
FULT’s Market Performance
FULT’s stock has seen a 6.58% increase for the week, with a 0.22% rise in the past month and a 13.74% gain in the past quarter. The volatility ratio for the week is 3.11%, and the volatility levels for the past 30 days are at 2.78% for Fulton Financial Corp. The simple moving average for the past 20 days is 0.20% for FULT’s stock, with a 11.52% simple moving average for the past 200 days.
Analysts’ Opinion of FULT
Many brokerage firms have already submitted their reports for FULT stocks, with Janney repeating the rating for FULT by listing it as a “Buy.” The predicted price for FULT in the upcoming period, according to Janney is $19.50 based on the research report published on April 29, 2024 of the current year 2024.
Stephens, on the other hand, stated in their research note that they expect to see FULT reach a price target of $16, previously predicting the price at $14. The rating they have provided for FULT stocks is “Equal-Weight” according to the report published on December 14th, 2023.
Janney gave a rating of “Neutral” to FULT, setting the target price at $19.50 in the report published on January 10th of the previous year.
FULT Trading at 0.42% from the 50-Day Moving Average
After a stumble in the market that brought FULT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -9.20% of loss for the given period.
Volatility was left at 2.78%, however, over the last 30 days, the volatility rate increased by 3.11%, as shares surge +2.67% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.61% upper at present.
During the last 5 trading sessions, FULT rose by +6.58%, which changed the moving average for the period of 200-days by +29.73% in comparison to the 20-day moving average, which settled at $18.45. In addition, Fulton Financial Corp. saw 12.15% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at FULT starting from Wenger E Philip, who sale 0 shares at the price of $13.75 back on Nov 07 ’23. After this action, Wenger E Philip now owns 0 shares of Fulton Financial Corp., valued at $4 using the latest closing price.
Stock Fundamentals for FULT
Current profitability levels for the company are sitting at:
- 0.26 for the present operating margin
- 1.0 for the gross margin
The net margin for Fulton Financial Corp. stands at 0.19. The total capital return value is set at 0.02. Equity return is now at value 10.21, with 0.99 for asset returns.
Based on Fulton Financial Corp. (FULT), the company’s capital structure generated 0.41 points at debt to capital in total, while cash flow to debt ratio is standing at 0.25. The debt to equity ratio resting at 0.71. The interest coverage ratio of the stock is 0.9.
Currently, EBITDA for the company is -38.76 million with net debt to EBITDA at 24.41. When we switch over and look at the enterprise to sales, we see a ratio of 2.84. The receivables turnover for the company is 3.16for trailing twelve months and the total asset turnover is 0.05. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.11.
Conclusion
To sum up, Fulton Financial Corp. (FULT) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
