Analysts expect Fulton Financial Corp (NASDAQ:FULT) to announce earnings of $0.29 per share for the current quarter, Zacks reports. Three analysts have issued estimates for Fulton Financial’s earnings, with the highest EPS estimate coming in at $0.31 and the lowest estimate coming in at $0.28. Fulton Financial reported earnings per share of $0.25 in the same quarter last year, which suggests a positive year over year growth rate of 16%. The company is expected to report its next earnings results on Tuesday, April 17th.
On average, analysts expect that Fulton Financial will report full-year earnings of $1.25 per share for the current year, with EPS estimates ranging from $1.22 to $1.28. For the next year, analysts forecast that the firm will post earnings of $1.37 per share, with EPS estimates ranging from $1.34 to $1.38. Zacks’ EPS averages are a mean average based on a survey of analysts that follow Fulton Financial.
Fulton Financial (NASDAQ:FULT) last announced its quarterly earnings data on Monday, January 22nd. The bank reported $0.28 EPS for the quarter, hitting analysts’ consensus estimates of $0.28. Fulton Financial had a return on equity of 8.51% and a net margin of 19.59%. The business had revenue of $206.37 million during the quarter, compared to analysts’ expectations of $201.30 million. During the same period in the previous year, the firm earned $0.24 earnings per share. The firm’s quarterly revenue was up 11.6% compared to the same quarter last year.
A number of large investors have recently bought and sold shares of the business. Quadrant Private Wealth Management LLC acquired a new position in Fulton Financial in the fourth quarter valued at about $329,000. Aperio Group LLC grew its stake in Fulton Financial by 10.0% in the fourth quarter. Aperio Group LLC now owns 55,630 shares of the bank’s stock valued at $996,000 after acquiring an additional 5,059 shares during the period. Comerica Bank grew its stake in Fulton Financial by 16.1% in the fourth quarter. Comerica Bank now owns 247,723 shares of the bank’s stock valued at $4,496,000 after acquiring an additional 34,402 shares during the period. Wedge Capital Management L L P NC grew its stake in Fulton Financial by 3.4% in the fourth quarter. Wedge Capital Management L L P NC now owns 740,898 shares of the bank’s stock valued at $13,262,000 after acquiring an additional 24,297 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Fulton Financial by 46.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,306 shares of the bank’s stock valued at $202,000 after acquiring an additional 3,585 shares during the period. 62.83% of the stock is owned by hedge funds and other institutional investors.
Shares of Fulton Financial (FULT) traded up $0.23 during trading on Friday, hitting $17.98. The company had a trading volume of 2,058,090 shares, compared to its average volume of 931,869. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.47. Fulton Financial has a twelve month low of $16.45 and a twelve month high of $19.90. The firm has a market capitalization of $3,195.98, a PE ratio of 17.96 and a beta of 1.06.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Tuesday, January 2nd were paid a $0.11 dividend. The ex-dividend date of this dividend was Friday, December 29th. This represents a $0.44 dividend on an annualized basis and a yield of 2.45%. Fulton Financial’s payout ratio is 44.90%.
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Fulton Financial Company Profile
Fulton Financial Corporation is a financial holding company. The Company is the bank holding company of Fulton Bank N.A. (the Bank). As of December 31, 2016, the Company’s six subsidiary banks were located primarily in suburban or semi-rural geographic markets throughout a five-state region (Pennsylvania, Delaware, Maryland, New Jersey and Virginia).
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