Blurbs

Jefferies Keeps a Hold Rating on Fulton Financial (FULT)

In a report issued on January 19, Ken Usdin from Jefferies maintained a Hold rating on Fulton Financial (FULTResearch Report), with a price target of $20.00. The company’s shares closed last Monday at $18.31.

According to TipRanks.com, Usdin is a top 25 analyst with an average return of 25.2% and a 77.7% success rate. Usdin covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, People’s United Financial, and Texas Capital Bancshares.

Fulton Financial has an analyst consensus of Hold, with a price target consensus of $20.00, which is a 9.7% upside from current levels. In a report issued on January 20, D.A. Davidson also maintained a Hold rating on the stock with a $20.00 price target.

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Based on Fulton Financial’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $229 million and net profit of $61.89 million. In comparison, last year the company earned revenue of $217 million and had a net profit of $50.83 million.

Based on the recent corporate insider activity of 30 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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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