KBW Sticks to Their Hold Rating for Fulton Financial Corp

By Jason Carr

KBW analyst Christopher Mcgratty reiterated a Hold rating on Fulton Financial Corp (NASDAQ: FULT) today and set a price target of $18. The company’s shares opened today at $18.40.

According to TipRanks.com, Mcgratty is a 5-star analyst with an average return of 12.3% and a 67.1% success rate. Mcgratty covers the Financial sector, focusing on stocks such as Univest Corporation Of Pennsylvania, Enterprise Financial Services Corp, and Western New England Bancorp Inc.

Currently, the analyst consensus on Fulton Financial Corp is Hold and the average price target is $18.67, representing a 1.5% upside.

In a report issued on June 9, Jefferies also reiterated a Hold rating on the stock with a $20 price target.

Fulton Financial Corp’s market cap is currently $3.23B and has a P/E ratio of 19.17. The company has a book value ratio of 1.4884.

Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is negative on the stock. Most recently, in April 2017, Meg Mueller, the SEVP & Chief Credit Officer of FULT sold 3,266 shares for a total of $61,727.

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 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. 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. Fulton was founded on February 8, 1982 and is headquartered in Lancaster, PA.,000KT9-E