Fulton Financial (NASDAQ:FULT) Upgraded by Janney Montgomery Scott to Buy

Fulton Financial (NASDAQ:FULT) was upgraded by equities researchers at Janney Montgomery Scott from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Monday, Briefing.com reports. The firm currently has a $19.50 price objective on the bank’s stock. Janney Montgomery Scott’s price target suggests a potential upside of 24.84% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. Keefe, Bruyette & Woods lifted their price objective on shares of Fulton Financial from $16.00 to $17.00 and gave the stock a “market perform” rating in a research note on Thursday, January 18th. StockNews.com lowered Fulton Financial from a “hold” rating to a “sell” rating in a research note on Friday. Jefferies Financial Group cut their target price on Fulton Financial from $17.00 to $16.00 and set a “hold” rating for the company in a research report on Monday, April 8th. Finally, Stephens dropped their price target 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, three have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $17.00.

Fulton Financial Price Performance

Shares of FULT opened at $15.62 on Monday. Fulton Financial has a 1-year low of $9.64 and a 1-year high of $17.06. The company’s fifty day simple moving average is $15.30 and its 200 day simple moving average is $15.05. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.43. The company has a market cap of $2.53 billion, a price-to-earnings ratio of 9.70 and a beta of 0.81.

Institutional Trading of Fulton Financial

Several large investors have recently modified their holdings of FULT. Morton Brown Family Wealth LLC acquired a new stake in shares of Fulton Financial in the 4th quarter valued at about $26,000. Blue Trust Inc. boosted its holdings in Fulton Financial by 82.8% in the fourth quarter. Blue Trust Inc. now owns 1,724 shares of the bank’s stock worth $28,000 after acquiring an additional 781 shares in the last quarter. Strs Ohio acquired a new stake in Fulton Financial in the fourth quarter valued at approximately $29,000. Disciplined Equity Management Inc. bought a new stake in shares of Fulton Financial during the fourth quarter valued at approximately $32,000. Finally, OLD Point Trust & Financial Services N A acquired a new position in shares of Fulton Financial during the fourth quarter worth approximately $38,000. Institutional investors and hedge funds own 72.02% of the company’s stock.

Fulton Financial Company Profile

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.