The stock of Fulton Financial Corp (NASDAQ:FULT) hit a new 52-week high and has $20.72 target or 34.00% above today’s $15.46 share price. The 5 months bullish chart indicates low risk for the $2.68 billion company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $20.72 price target is reached, the company will be worth $911.20M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 352,292 shares traded hands. Fulton Financial Corp (NASDAQ:FULT) has risen 17.58% since April 7, 2016 and is uptrending. It has outperformed by 12.80% the S&P500.
Fulton Financial Corp (NASDAQ:FULT) Ratings Coverage
Out of 8 analysts covering Fulton Financial Corp. (NASDAQ:FULT), 1 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 13% are positive. Fulton Financial Corp. has been the topic of 12 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The firm earned “Mkt Perform” rating on Thursday, October 20 by FBR Capital. Keefe Bruyette & Woods maintained it with “Market Perform” rating and $13 target price in Thursday, October 22 report. The firm has “Hold” rating by Guggenheim given on Monday, March 7. Boenning & Scattergood downgraded the stock to “Neutral” rating in Thursday, April 21 report. The rating was initiated by Hovde Group on Monday, September 12 with “Outperform”. Guggenheim upgraded the stock to “Buy” rating in Thursday, January 21 report. The firm has “Neutral” rating given on Wednesday, November 18 by JP Morgan. The stock of Fulton Financial Corp (NASDAQ:FULT) has “Outperform” rating given on Wednesday, October 21 by Boenning & Scattergood.
According to Zacks Investment Research, “Fulton Financial Corp. is a bank holding company. It provides retail and commercial banking and investment management and trust services in central and eastern Pennsylvania, southern New Jersey, northern Maryland and southern Delaware through its wholly-owned subsidiaries: Fulton Bank, Lebanon Valley Farmers Bank, Swineford National Bank, Lafayette Ambassador Bank, FNB Bank, N.A., Great Valley Bank, Hagerstown Trust Company, Delaware National Bank, The Bank of Gloucester County, The Woodstown National Bank & Trust Company, and The Peoples Bank of Elkton.”
Insitutional Activity: The institutional sentiment increased to 1.41 in 2016 Q2. Its up 0.35, from 1.06 in 2016Q1. The ratio is positive, as 16 funds sold all Fulton Financial Corp shares owned while 55 reduced positions. 22 funds bought stakes while 78 increased positions. They now own 101.51 million shares or 2.50% more from 99.03 million shares in 2016Q1.
Boston Partners reported 781,390 shares or 0.02% of all its holdings. Dekabank Deutsche Girozentrale, a Germany-based fund reported 29,858 shares. Foundry Partners Ltd Llc reported 906,376 shares or 0.69% of all its holdings. Hancock Communication reported 263,308 shares or 0.15% of all its holdings. Ubs Asset Mgmt Americas last reported 0% of its portfolio in the stock. Ladenburg Thalmann Services accumulated 0% or 17,113 shares. Ahl Prtnrs Ltd Liability Partnership accumulated 21,740 shares or 0.02% of the stock. Gemmer Asset Management Ltd Liability Corp accumulated 0% or 190 shares. Brc Investment Management Llc holds 0.13% or 57,333 shares in its portfolio. Carret Asset Mgmt Ltd Company owns 31,651 shares or 0.08% of their US portfolio. Tower Bridge reported 15,322 shares or 0% of all its holdings. Northern Tru Corp last reported 0.01% of its portfolio in the stock. Strs Ohio holds 596,600 shares or 0.04% of its portfolio. Natl Bank Of America De holds 502,828 shares or 0% of its portfolio. Crestpoint Cap Ltd Liability Co holds 28,500 shares or 0.2% of its portfolio.
Insider Transactions: Since June 21, 2016, the stock had 1 insider buy, and 1 sale for $87,768 net activity. MOXLEY JAMES R III bought $135,662 worth of stock or 9,896 shares. $223,430 worth of Fulton Financial Corp (NASDAQ:FULT) was sold by Myers Curtis J on Tuesday, June 21.
Another recent and important Fulton Financial Corp (NASDAQ:FULT) news was published by Marketwired.com which published an article titled: “Fulton Financial Corporation Creates Fulton Forward(TM); Announces Fulton Bank …” on September 22, 2016.
FULT Company Profile
Fulton Financial Corporation, incorporated on February 8, 1982, is a multi-bank financial holding company. The Firm provides a range of banking and financial services to businesses and clients through its banking subsidiaries: Fulton Bank, N.A., Fulton Bank of New Jersey, The Columbia Bank, Lafayette Ambassador Bank, FNB Bank, N.A. and Swineford National Bank. The Company, through its banking subsidiaries, offers a range of retail and commercial banking services in Pennsylvania, Delaware, Maryland, New Jersey and Virginia.
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