Barclays Maintains a Buy Rating on Fulton Financial Corp (FULT)

By Ryan Adsit

In a report released yesterday, Matthew Keating from Barclays maintained a Buy rating on Fulton Financial Corp (FULTResearch Report), with a price target of $21. The company’s shares opened today at $16.07.

According to TipRanks.com, Keating is a 4-star analyst with an average return of 4.1% and a 53.0% success rate. Keating covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, Union Bankshares Corporation, and Dime Community Bancshares.

Fulton Financial Corp has an analyst consensus of Moderate Buy, with a price target consensus of $20.

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Based on Fulton Financial Corp’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $65.63 million. In comparison, last year the company had a net profit of $34 million.

Based on the recent corporate insider activity of 59 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.