Fulton Financial (NASDAQ:FULT) Price Target Raised to $19.00 at Keefe, Bruyette & Woods

Fulton Financial (NASDAQ:FULT) had its price target upped by Keefe, Bruyette & Woods from $17.00 to $19.00 in a research note released on Tuesday, Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the bank’s stock.

A number of other equities research analysts have also recently commented on FULT. Jefferies Financial Group decreased their price target on Fulton Financial from $17.00 to $16.00 and set a hold rating for the company in a research note on Monday, April 8th. Janney Montgomery Scott upgraded Fulton Financial from a neutral rating to a buy rating and set a $19.50 price objective for the company in a research note on Monday. StockNews.com cut Fulton Financial from a hold rating to a sell rating in a research note on Friday, April 26th. Finally, Stephens reduced their price objective on Fulton Financial from $16.00 to $15.50 and set an equal weight rating for the company in a research note on Thursday, April 18th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of Hold and an average price target of $17.60.

Fulton Financial Trading Down 1.5 %

Fulton Financial stock opened at $16.55 on Tuesday. The stock has a 50-day moving average of $15.32 and a two-hundred day moving average of $15.08. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.90 and a current ratio of 0.90. Fulton Financial has a one year low of $9.64 and a one year high of $17.34. The stock has a market cap of $2.68 billion, a PE ratio of 10.27 and a beta of 0.81.

Fulton Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 1st were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 4.11%. The ex-dividend date of this dividend was Thursday, March 28th. Fulton Financial’s payout ratio is currently 42.24%.

Institutional Trading of Fulton Financial

Several institutional investors have recently bought and sold shares of FULT. Morton Brown Family Wealth LLC purchased a new position in Fulton Financial during the fourth quarter worth approximately $26,000. Blue Trust Inc. lifted its position in Fulton Financial by 82.8% during the fourth quarter. Blue Trust Inc. now owns 1,724 shares of the bank’s stock worth $28,000 after buying an additional 781 shares in the last quarter. Strs Ohio purchased a new position in Fulton Financial during the fourth quarter worth approximately $29,000. Disciplined Equity Management Inc. purchased a new position in Fulton Financial during the fourth quarter worth approximately $32,000. Finally, YHB Investment Advisors Inc. purchased a new position in Fulton Financial during the first quarter worth approximately $36,000. 72.02% of the stock is owned by institutional investors and hedge funds.

About Fulton Financial

Fulton Financial Corporation operates as a financial holding company that provides consumer and commercial banking products and services in Pennsylvania, Delaware, Maryland, New Jersey, and Virginia. It accepts various checking accounts and savings deposit products, certificates of deposit, and individual retirement accounts.