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Fulton Financial

Fulton Financial is a U.S.-based financial services holding company that operates in five states: Pennsylvania, Delaware, Maryland, New Jersey, and Virginia. It offers a range of consumer and commercial banking products and services, such as checking and savings deposit products and loan products. It offers consumer and commercial banking products and services, as well as wealth management products and services. The bank derives its revenue from non-interest income, led by its Wealth Management division.

Fulton Financial Corporation - Common Stock

Fulton Financial Corp

Fulton Financial Corporation - Depositary Shares Each Representing a 1/40th Interest in a Share of Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A

Keefe, Bruyette &amp; Woods analyst Christopher Mcgratty maintains Fulton Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FULT#NASDAQ">FULT</a>) with a Market Perform and raises the price target from $20 to $23.

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Keefe, Bruyette & Woods Maintains Market Perform on Fulton Financial, Raises Price Target to $23

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Shares of banking and private equity stocks are trading higher after Donald Trump won the US presidential election.

Fulton&nbsp;Financial Corporation ("Fulton") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FULT#NASDAQ">FULT</a>) today announced that Richard Kraemer has been appointed as Senior Executive Vice President and Chief Financial Officer ("CFO"), replacing Interim CFO Betsy Chivinski, who is retiring from Fulton at the end of the year.

Management

Fulton Financial Corporation Names Rick Kraemer As Chief Financial Officer, Replacing Interim CFO Betsy Chivinski, Who Is Retiring From Fulton At The End Of The Year

Fulton Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FULT#NASDAQ">FULT</a>) reported quarterly earnings of $0.33 per share which missed the analyst consensus estimate of $0.44 by 25 percent. The company reported quarterly sales of $258.01 million which missed the analyst consensus estimate of $263.40 million by 2.05 percent. This is a 18.20 percent increase over sales of $218.28 million the same period last year.

Earnings

Earnings Misses

Fulton Financial Q3 2024 Adj EPS $0.33 Misses $0.44 Estimate, Net Interest Income $258.01M

Fulton Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FULT#NASDAQ">FULT</a>) is set to give its latest quarterly earnings report on Tuesday, 2024-10-15. Here's what investors need to know before the announcement.
Analysts estimate that Fulton Financial will report an earnings per share (EPS) of $0.44. 
Investors in Fulton Financial are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.
<h3>Earnings History Snapshot</h3>
Last quarter the company beat EPS by $0.17, which was followed by a 4.47% increase in the share price the next day.
Here's a look at Fulton Financial's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.30</td>
<td>0.39</td>
<td>0.40</td>
<td>0.41</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.47</td>
<td>0.40</td>
<td>0.42</td>
<td>0.43</td>
</tr>
<tr>
<td>Price Change %</td>
<td>4.0%</td>
<td>0.0%</td>
<td>-1.0%</td>
<td>-2.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1728914494_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Fulton Financial were trading at $17.95 as of October 11. Over the last 52-week period, shares are up 41.74%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release. 
<a href="https://www.benzinga.com/quote/FULT/earnings">To track all earnings releases for Fulton Financial visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Outlook For Fulton Financial

On CNBC's &#8220;Mad Money Lightning Round,&#8221; Jim Cramer said Palo Alto Networks, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) is a &#8220;<a href="https://www.benzinga.com/analyst-ratings/price-target/24/10/41290721/palo-alto-networks-to-rally-around-14-here-are-10-top-analyst-forecasts-for-friday">good&#8221; one.</a>
On Friday, Morgan Stanley analyst Hamza Fodderwala maintained Palo Alto with an Overweight and raised the price target from $390 to $421.
Cramer said he is worried about Boeing (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>). &#8220;The balance sheet's not great, and they should have raised capital when they had a chance to. This was a very jarring series of news tonight, and I don't have any conviction whatsoever that they are getting this right,&#8221; he added.
On Friday, Boeing reported a preliminary loss of $9.97 per share and revenue of $17.8 billion for the third quarter. The company also announced a 10% reduction in its workforce.
When asked about Johnson Controls International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JCI#NYSE">JCI</a>), he said, &#8220;Can you believe that company's made such a comeback? I like Carrier (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CARR#NYSE">CARR</a>), I like Trane (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TT#NYSE">TT</a>), and I like Johnson Controls.&#8221;
On Oct. 7, Wells Fargo analyst Joe O&#8217;Dea maintained Johnson Controls Intl with an Overweight and raised the price target from $80 to $84.
Fulton Financial Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FULT#NASDAQ">FULT</a>) is a &#8220;good one,&#8221; the &#8220;Mad Money&#8221; host said.
Fulton Financial will report its third quarter 2024 earnings on Tuesday, Oct. 15, at approximately 4:30 p.m. ET.
Price Action:
<ul>
<li>Boeing shares gained 3% to settle at $151.02 on Friday.</li>
<li>Palo Alto shares gained 1% to close at $373.20.</li>
<li>Johnson Controls International shares gained 0.9% to close at $77.61 on Friday.</li>
<li>Fulton Financial shares gained 2.7% to close at $17.95 during the session.</li>
</ul>
Read More: 
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<li><a href="https://www.benzinga.com/markets/24/10/41300623/top-3-real-estate-stocks-that-may-explode-this-quarter">Top 3 Real Estate Stocks That May Explode This Quarter</a></li>
</ul>
Image: Shutterstock

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Jim Cramer Is Worried About This Plane Maker, Says Palo Alto Is A 'Good' One

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Shares of banking and financial services stocks are trading higher following better-than-expected financial results from JPMorgan Chase and Wells Fargo.

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Shares of banking companies are trading higher amid overall market strength following Fed Chair Powell's comments about the economy and future rate cuts.

Fulton Financial Corporation ("Fulton") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FULT#NASDAQ">FULT</a>) today announced that Richard Kraemer is joining Fulton as Senior Executive Vice President and Chief Financial Officer Designee. In the fourth quarter of 2024, Rick will become Fulton's Chief Financial Officer ("CFO"), replacing Interim CFO Betsy Chivinski, who will retire from Fulton at the end of the year.

Fulton Financial Names Rick Kraemer As CFO Designee, Replacing Interim CFO Betsy Chivinski, Effective In Q4 Of 2024

In connection with the planned financial center office closures, the Corporation expects to incur pre-tax costs of approximately $10 million, consisting of approximately $6 million of write-offs of premises and equipment and related expenses, approximately $3 million of lease termination charges, and approximately $1 million of future cash expenditures in connection with employee severance.
These costs are expected to be recognized in the third quarter of 2024. The Corporation expects that, in the aggregate, these financial center office closures will reduce annual pre-tax operating expense by approximately $8 million, beginning in the first quarter of 2025.

Guidance

Fulton Financial Says On July 16, 2024, Fulton Bank Board Approves Plan To Close 13 Of Bank's Financial Center Offices And Consolidate Operations Into Nearby Financial Center Offices - Filing

Fulton Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FULT#NASDAQ">FULT</a>) reported quarterly earnings of $0.47 per share which beat the analyst consensus estimate of $0.30 by 56.67 percent. This is unchanged from the same period last year. The company reported quarterly sales of $246.276 million which beat the analyst consensus estimate of $235.554 million by 4.55 percent. This is a 13.36 percent increase over sales of $217.257 million the same period last year.

Earnings Beats

Fulton Financial Q2 2024 Sales $246.276M Beat $235.554M Estimate

Fulton Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FULT#NASDAQ">FULT</a>) reported quarterly earnings of $0.47 per share which beat the analyst consensus estimate of $0.30 by 56.67 percent. This is unchanged from the same period last year.

Fulton Financial Q2 2024 Adj EPS $0.47 Beats $0.30 Estimate

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Shares of bank stocks are trading higher amid overall market strength on rate rate cut optimism. The sector may also be up following strong earnings from Bank of America and Morgan Stanley.

Providing a diverse range of perspectives from bullish to bearish, 8 analysts have published ratings on Fulton Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FULT#NASDAQ">FULT</a>) in the last three months.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">7</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $17.44, a high estimate of $19.50, and a low estimate of $15.50. Marking an increase of 6.15%, the current average surpasses the previous average price target of $16.43. 
<img src="https://www.benzinga.com/files/images/story/2024/1720022454_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
A clear picture of Fulton Financial's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Casey Haire</td>
<td>Jefferies</td>
<td>Lowers</td>
<td>Hold</td>
<td>$18.00</td>
<td>$18.50</td>
</tr>
<tr>
<td>Matt Breese</td>
<td>Stephens &amp; Co.</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$17.50</td>
<td>$15.50</td>
</tr>
<tr>
<td>Manuel Navas</td>
<td>DA Davidson</td>
<td>Raises</td>
<td>Neutral</td>
<td>$18.00</td>
<td>$15.00</td>
</tr>
<tr>
<td>Christopher Mcgratty</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$19.00</td>
<td>$17.00</td>
</tr>
<tr>
<td>Feddie Strickland</td>
<td>Janney Montgomery Scott</td>
<td>Announces</td>
<td>Buy</td>
<td>$19.50</td>
<td>-</td>
</tr>
<tr>
<td>Matt Breese</td>
<td>Stephens &amp; Co.</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$15.50</td>
<td>$16.00</td>
</tr>
<tr>
<td>Matt Breese</td>
<td>Stephens &amp; Co.</td>
<td>Maintains</td>
<td>Equal-Weight</td>
<td>$16.00</td>
<td>$16.00</td>
</tr>
<tr>
<td>Casey Haire</td>
<td>Jefferies</td>
<td>Lowers</td>
<td>Hold</td>
<td>$16.00</td>
<td>$17.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Fulton Financial. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Fulton Financial compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of Fulton Financial's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
Capture valuable insights into Fulton Financial's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/FULT/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Fulton Financial analyst ratings.</a>
<h2>Unveiling the Story Behind Fulton Financial</h2>
Fulton Financial is a U.S.-based financial services holding company that operates in five states: Pennsylvania, Delaware, Maryland, New Jersey, and Virginia. It offers a range of consumer and commercial banking products and services, such as checking and savings deposit products and loan products. It offers consumer and commercial banking products and services, as well as wealth management products and services. The bank derives its revenue from non-interest income, led by its Wealth Management division.
<h3>Fulton Financial's Economic Impact: An Analysis</h3>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Negative Revenue Trend: Examining Fulton Financial's financials over 3 months reveals challenges. As of 31 March, 2024, the company experienced a decline of approximately -1.22% in revenue growth, reflecting a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Financials sector.
Net Margin: Fulton Financial's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 22.49%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Fulton Financial's ROE excels beyond industry benchmarks, reaching 2.31%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Fulton Financial's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 0.22%, the company may face hurdles in achieving optimal financial returns.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 0.9, caution is advised due to increased financial risk.
<h2>What Are Analyst Ratings?</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

The Latest Analyst Ratings For Fulton Financial

Jefferies analyst Casey Haire maintains Fulton Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FULT#NASDAQ">FULT</a>) with a Hold and lowers the price target from $18.5 to $18.

Jefferies Maintains Hold on Fulton Financial, Lowers Price Target to $18

Commercial real estate (&quot;CRE&quot;) continues to be an area of concern amid the high-interest-rate environment. Because of their significant exposure to CRE loans, the long-term ratings of at least six regional banks in the United States have been placed under review for downgrade by Moody&#39;s Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mco#NYSE">MCO</a>). 
The banks are Old National Bancorp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/onb#NASDAQ">ONB</a>), Fulton Financial Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fult#NASDAQ">FULT</a>), F.N.B. Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fnb#NYSE">FNB</a>), WaFd, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wafd#NASDAQ">WAFD</a>), First Merchants Corp.&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/frme#NASDAQ">FRME</a>) and Peapack-Gladstone Financial Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pgc#NASDAQ">PGC</a>). 
Notably, at the time when interest rates were low in the United States, various regional banks increased their concentrations in CRE, which, by nature, is a volatile asset class. 
Now, amid the higher interest rate environment (the Federal Reserve increased interest rates last year at the fastest pace in decades to contain the stubborn inflation, which slowed down credit demand), banks with a substantial concentration in CRE loans face ongoing credit quality and profitability issues. This is because higher rates have increased the longstanding risks of CRE for banks&#39; creditworthiness, particularly during cycle downturns. 
Moreover, unlike the largest regional banks, the above-mentioned banks are not subject to heightened prudential regulatory standards. Thus, these banks&#39; credit weaknesses are enlarged by lower regulatory requirements in relation to the larger banks. 
Accordingly, since CRE loans have a lower value now amid higher rates, these banks face heightened risks. 
According to Moody&#39;s, bank funding is under pressure now because depositors continue to switch to accounts with higher interest rates, which has been leading to a compression in banks&#39; net interest margins. 
Moody&#39;s said that its review for downgrade will focus on the extent to which the above-mentioned regional banks can maintain sufficient qualitative and quantitative risk mitigants to offset the dangers associated with their CRE loan exposures, especially with respect to their policy toward the amount of capital and liquidity that they retain. 
Particularly for FULT, Moody&#39;s will also consider the impact that the recent acquisition of Republic Bank will have on the bank&#39;s creditworthiness. 
Likewise, for WAFD, Moody&#39;s will consider the impact that the bank&#39;s loan sale (WAFD recently entered an agreement to sell a large pool of multi-family loans that it acquired as part of its acquisition of Luther Burbank) will have on its capital, liquidity and profitability profiles. 
Currently, WAFD, ONB, and FULT carry a Zacks Rank #3 (Hold). FNB carries a Zacks Rank #4 (Sell). 
<a href="https://www.zacks.com/stock/news/2285392/6-regional-banks-ratings-on-review-for-downgrade-by-moody-s?cid=CS-BENZ-FT-analyst_blog|industry_focus-2285392">To read this article on Zacks.com click here.</a>

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WAFD

6 Regional Banks' Ratings on Review for Downgrade by Moody's

Stephens &amp; Co. analyst Matt Breese maintains Fulton Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FULT#NASDAQ">FULT</a>) with a Equal-Weight and raises the price target from $15.5 to $17.5.

Stephens & Co. Maintains Equal-Weight on Fulton Financial, Raises Price Target to $17.5

DA Davidson analyst Manuel Navas maintains Fulton Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FULT#NASDAQ">FULT</a>) with a Neutral and raises the price target from $15 to $18.

DA Davidson Maintains Neutral on Fulton Financial, Raises Price Target to $18

Analysts' ratings for Fulton Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FULT#NASDAQ">FULT</a>) over the last quarter vary from bullish to bearish, as provided by 5 analysts.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $17.2, a high estimate of $19.50, and a low estimate of $15.50. Observing a 3.18% increase, the current average has risen from the previous average price target of $16.67. 
<img src="https://www.benzinga.com/files/images/story/2024/1714492865_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
The standing of Fulton Financial among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Christopher Mcgratty</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$19.00</td>
<td>$17.00</td>
</tr>
<tr>
<td>Feddie Strickland</td>
<td>Janney Montgomery Scott</td>
<td>Announces</td>
<td>Buy</td>
<td>$19.50</td>
<td>-</td>
</tr>
<tr>
<td>Matt Breese</td>
<td>Stephens &amp; Co.</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$15.50</td>
<td>$16.00</td>
</tr>
<tr>
<td>Matt Breese</td>
<td>Stephens &amp; Co.</td>
<td>Maintains</td>
<td>Equal-Weight</td>
<td>$16.00</td>
<td>-</td>
</tr>
<tr>
<td>Casey Haire</td>
<td>Jefferies</td>
<td>Lowers</td>
<td>Hold</td>
<td>$16.00</td>
<td>$17.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Fulton Financial. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Fulton Financial compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for Fulton Financial's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
To gain a panoramic view of Fulton Financial's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/FULT/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Fulton Financial analyst ratings.</a>
<h2>Discovering Fulton Financial: A Closer Look</h2>
Fulton Financial is a U.S.-based financial services holding company that operates in five states: Pennsylvania, Delaware, Maryland, New Jersey, and Virginia. It offers a range of consumer and commercial banking products and services, such as checking and savings deposit products and loan products. It offers consumer and commercial banking products and services, as well as wealth management products and services. The bank derives its revenue from non-interest income, led by its Wealth Management division.
<h3>Fulton Financial's Financial Performance</h3>
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
Decline in Revenue: Over the 3 months period, Fulton Financial faced challenges, resulting in a decline of approximately -2.69% in revenue growth as of 31 March, 2024. This signifies a reduction in the company's top-line earnings. When compared to others in the Financials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 22.49%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Fulton Financial's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.23% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Fulton Financial's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 0.22%, the company showcases efficient use of assets and strong financial health.
Debt Management: Fulton Financial's debt-to-equity ratio is notably higher than the industry average. With a ratio of 0.83, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
<h2>How Are Analyst Ratings Determined?</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

The Analyst Landscape: 5 Takes On Fulton Financial

Keefe, Bruyette &amp; Woods analyst Christopher Mcgratty maintains Fulton Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FULT#NASDAQ">FULT</a>) with a Market Perform and raises the price target from $17 to $19.

Keefe, Bruyette & Woods Maintains Market Perform on Fulton Financial, Raises Price Target to $19

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Press Releases

Fulton Financial Corporation Announces Dates for Second Quarter 2024 Earnings Release and Webcast

Fulton Financial Corporation Announces Second Quarter 2024 Results

FULTON FINANCIAL CORPORATION NAMES RICK KRAEMER AS CHIEF FINANCIAL OFFICER DESIGNEE

FULTON BANK AWARDS $3,000 WOMEN IN TECHNOLOGY SCHOLARSHIPS TO TWO RECIPIENTS

FULTON FINANCIAL CORPORATION ANNOUNCES NEW LEADERSHIP ROLES

Dividends

Fulton Financial Corporation Declares Common and Preferred Dividends

FULTON BANK LAUNCHES DEPOSIT ESCROW MANAGEMENT PLATFORM

Fulton Financial Corporation Announces Dates for Third Quarter 2024 Earnings Release and Webcast

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