Fulton Financial (NASDAQ:FULT) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday, BidAskClub reports.
FULT has been the topic of a number of other reports. ValuEngine downgraded Fulton Financial from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. Zacks Investment Research upgraded Fulton Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, October 29th. Finally, Boenning Scattergood restated a “hold” rating on shares of Fulton Financial in a research report on Wednesday, July 17th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. Fulton Financial has a consensus rating of “Hold” and an average price target of $18.83.
NASDAQ:FULT opened at $17.33 on Thursday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $2.91 billion, a P/E ratio of 12.69 and a beta of 1.02. Fulton Financial has a 12 month low of $14.38 and a 12 month high of $17.86. The business’s 50-day moving average is $16.57 and its 200 day moving average is $16.42.
A number of hedge funds have recently modified their holdings of the business. NumerixS Investment Technologies Inc purchased a new stake in shares of Fulton Financial in the second quarter worth approximately $25,000. Advisory Services Network LLC raised its holdings in shares of Fulton Financial by 34.9% in the second quarter. Advisory Services Network LLC now owns 2,418 shares of the bank’s stock worth $40,000 after buying an additional 625 shares during the period. Meeder Asset Management Inc. purchased a new stake in shares of Fulton Financial in the second quarter worth approximately $62,000. Tower Research Capital LLC TRC raised its holdings in shares of Fulton Financial by 225.1% in the third quarter. Tower Research Capital LLC TRC now owns 6,190 shares of the bank’s stock worth $100,000 after buying an additional 4,286 shares during the period. Finally, CWM LLC raised its holdings in shares of Fulton Financial by 8.3% in the second quarter. CWM LLC now owns 8,722 shares of the bank’s stock worth $143,000 after buying an additional 667 shares during the period. Institutional investors and hedge funds own 64.87% of the company’s stock.
About Fulton Financial
Fulton Financial Corporation operates as a multi-bank financial holding company that provides banking and financial services to businesses and consumers. It accepts various checking accounts and savings deposit products, certificates of deposit, and individual retirement accounts. The company 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; construction and jumbo residential mortgage loans; and commercial lending products comprising commercial, financial, agricultural, and real estate loans.
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