Fulton Financial Corp Receives a Rating Update from a Top Analyst

By Jason Carr

Jefferies analyst Ken Usdin reiterated a Hold rating on Fulton Financial Corp (NASDAQ: FULT) yesterday and set a price target of $20. The company’s shares closed yesterday at $17.45.

According to TipRanks.com, Usdin is a top 100 analyst with an average return of 16.4% and a 69.5% success rate. Usdin covers the Financial sector, focusing on stocks such as Government Properties Income Trust, Old National Bancorp Capital, and Discover Financial Services.

Fulton Financial Corp has an analyst consensus of Hold, with a price target consensus of $18.67.

The company has a one year high of $19.90 and a one year low of $14.02. Currently, Fulton Financial Corp has an average volume of 785.2K.

Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is negative on the stock.

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Fulton Financial Corp. is financial holding company, which engages in the provision of consumer and commercial banking products and services. It provides personal banking services include various checking account and savings deposit products, certificates of deposit and individual retirement accounts.