Fulton Financial Corp Gets a Hold from KBW

By Jason Carr

KBW analyst Christopher Mcgratty reiterated a Hold rating on Fulton Financial Corp (NASDAQ: FULT) yesterday and set a price target of $18. The company’s shares closed yesterday at $17.95.

According to TipRanks.com, Mcgratty is a 5-star analyst with an average return of 13.6% and a 66.7% success rate. Mcgratty covers the Financial sector, focusing on stocks such as Enterprise Financial Services Corp, Carolina Financial Corporation, and First Connecticut Bancorp Inc.

Currently, the analyst consensus on Fulton Financial Corp is Hold and the average price target is $20, representing an 11.4% upside.

In a report issued on April 18, FBR Capital also reiterated a Hold rating on the stock.

Fulton Financial Corp’s market cap is currently $2.96B and has a P/E ratio of 18.70. The company has a book value ratio of 1.4524.

Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is neutral on the stock. Most recently, in February 2017, Scott R. Smith, a Director at FULT sold 10,000 shares for a total of $189,500.

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. engages in the provision of consumer and commercial banking products and services. Its personal banking services include various checking account and savings deposit products, certificates of deposit and individual retirement accounts. It offers a variety of fixed and variable-rate products, including construction loans and jumbo loans. The residential mortgages are offered through Fulton Mortgage Co., which operates as a division of each subsidiary bank. The consumer loan products also include automobile loans, automobile and equipment leases, personal lines of credit, credit cards and checking account overdraft protection. The firm 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.