Stock Worth Mentioning Today: Fulton Financial Corp Surges to 52-Week High, Is Now Top Performer

Stock Worth Mentioning Today: Fulton Financial Corp Surges to 52 Week High, Is Now Top Performer

The stock of Fulton Financial Corp (NASDAQ:FULT) hit a new 52-week high and has $18.56 target or 4.00% above today’s $17.85 share price. The 8 months bullish chart indicates low risk for the $3.14 billion company. The 1-year high was reported on Nov, 22 by Barchart.com. If the $18.56 price target is reached, the company will be worth $125.60M 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 82,696 shares traded hands. Fulton Financial Corp (NASDAQ:FULT) has risen 26.06% since April 20, 2016 and is uptrending. It has outperformed by 21.50% the S&P500.

Fulton Financial Corp (NASDAQ:FULT) Ratings Coverage

Out of 8 analysts covering Fulton Financial Corp. (NASDAQ:FULT), 0 rate it a “Buy”, 0 “Sell”, while 8 “Hold”. This means 0 are positive. $19 is the highest target while $11 is the lowest. The $14 average target is -21.57% below today’s ($17.85) stock price. Fulton Financial Corp. has been the topic of 13 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Guggenheim upgraded the shares of FULT in a report on Thursday, January 21 to “Buy” rating. The rating was downgraded by Guggenheim on Monday, March 7 to “Hold”. As per Monday, September 12, the company rating was initiated by Hovde Group. The firm has “Neutral” rating given on Wednesday, November 18 by JP Morgan. As per Wednesday, October 21, the company rating was upgraded by Boenning & Scattergood. The firm earned “Market Perform” rating on Thursday, October 22 by Keefe Bruyette & Woods. Hovde Group downgraded Fulton Financial Corp (NASDAQ:FULT) on Friday, November 18 to “Market Perform” rating. The firm has “Mkt Perform” rating by FBR Capital given on Thursday, October 20. Boenning & Scattergood downgraded the stock to “Neutral” rating in Thursday, April 21 report.

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 decreased to 0.99 in Q2 2016. Its down 0.42, from 1.41 in 2016Q1. The ratio worsened, 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.
Cetera Lc last reported 27,696 shares in the company. New York State Teachers Retirement Sys has 0.01% invested in the company for 182,500 shares. D E Shaw And Communications owns 38,202 shares or 0% of their US portfolio. Bb&T Corporation accumulated 51,873 shares or 0.01% of the stock. Logan Capital owns 220,500 shares or 0.25% of their US portfolio. Citadel Advisors Ltd Llc accumulated 0% or 38,812 shares. The Oregon-based Oregon Employees Retirement Fund has invested 0.02% in Fulton Financial Corp (NASDAQ:FULT). Royal Bankshares Of Canada has 0% invested in the company for 178,734 shares. Paloma Ptnrs Company accumulated 18,305 shares or 0% of the stock. Teachers Retirement System Of The State Of Kentucky has 33,631 shares for 0.01% of their US portfolio. Stifel Financial has 274,690 shares for 0.02% of their US portfolio. Pacad Inv Limited holds 3,900 shares or 0.01% of its portfolio. Moreover, Tower Rech Cap Limited Liability Corporation (Trc) has 0.02% invested in Fulton Financial Corp (NASDAQ:FULT) for 13,451 shares. Victory reported 7,989 shares or 0% of all its holdings. Jefferies Grp Inc Lc holds 19,186 shares or 0% of its portfolio.

Insider Transactions: Since June 21, 2016, the stock had 1 insider purchase, and 13 sales for $2.31 million net activity. Myers Curtis J sold 7,500 shares worth $123,758. 4,179 Fulton Financial Corp (NASDAQ:FULT) shares with value of $69,162 were sold by Mueller Meg R. Roda Craig A sold $174,240 worth of stock or 9,844 shares. Chivinski Beth Ann L had sold 10,609 shares worth $187,879. DePorter Michael J also sold $213,528 worth of Fulton Financial Corp (NASDAQ:FULT) on Tuesday, June 21. 9,896 Fulton Financial Corp (NASDAQ:FULT) shares with value of $135,662 were bought by MOXLEY JAMES R III. Shares for $137,771 were sold by Wenger E Philip.

Another recent and important Fulton Financial Corp (NASDAQ:FULT) news was published by Streetinsider.com which published an article titled: “Form 4 FULTON FINANCIAL CORP For: Nov 17 Filed by: DePorter Michael J” on November 21, 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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