D.A. Davidson analyst Manuel Navas reiterated a Hold rating on Fulton Financial (FULT – Research Report) today. The company’s shares closed yesterday at $13.51.
Navas covers the Financial sector, focusing on stocks such as Oceanfirst Financial, F.N.B., and Peoples Bancorp. According to TipRanks, Navas has an average return of -3.3% and a 51.85% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Fulton Financial with a $14.00 average price target.
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Based on Fulton Financial’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $267.34 million and a net profit of $68.31 million. In comparison, last year the company earned a revenue of $216.55 million and had a net profit of $50.37 million
Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FULT in relation to earlier this year.
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Fulton Financial Corp. is financial holding company, which through its subsidiaries, engages in the provision of consumer and commercial banking products and services. It offers checking account and savings deposit products, certificates of deposit and individual retirement accounts. The company also offers investment management, trust, brokerage, insurance and investment advisory services to consumer and commercial banking customers in the market areas serviced by the subsidiary banks. The company was founded on February 8, 1982 and is headquartered in Lancaster, PA.
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