A new trading day began on May 19, 2023, with Fulton Financial Corporation (NASDAQ: FULT) stock priced at $11.64, down -2.44% from the previous day of trading. During the day, the shares moved up to $11.649 and dropped to $11.10 before settling in for the closing price of $11.49. FULT’s price has ranged from $9.64 to $18.85 over the past 52 weeks.
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Annual sales at Financial sector company grew by 5.30% over the past five years. Meanwhile, its annual earnings per share averaged 3.00%. With a float of $163.74 million, this company’s outstanding shares have now reached $166.60 million.
Let’s look at the performance matrix of the company that is accounted for 3300 employees.
Fulton Financial Corporation (FULT) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Banks – Regional Industry. The insider ownership of Fulton Financial Corporation is 0.30%, while institutional ownership is 66.90%. The most recent insider transaction that took place on May 12, was worth 147,156. In this transaction Chairman & CEO of this company bought 15,000 shares at a rate of $9.81, taking the stock ownership to the 157,044 shares. Before that another transaction happened on May 11, when Company’s Sr. EVP & CFO bought 10,000 for $9.74, making the entire transaction worth $97,400. This insider now owns 71,503 shares in total.
Fulton Financial Corporation (FULT) Performance Highlights and Predictions
In its latest quarterly report, released on 3/30/2023, the company reported earnings of $0.39 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a net margin of +26.20 while generating a return on equity of 10.84. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.42 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 3.00% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 8.00% during the next five years compared to 9.40% growth over the previous five years of trading.
Fulton Financial Corporation (NASDAQ: FULT) Trading Performance Indicators
Here are Fulton Financial Corporation’s current performance indicators. According to the last quarter’s results, the stock had a price to sales ratio for the trailing twelve months stands at 1.94. Likewise, its price to free cash flow for the trailing twelve months is 3.09.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.68, a number that is poised to hit 0.44 in the next quarter and is forecasted to reach 1.63 in one year’s time.
Technical Analysis of Fulton Financial Corporation (FULT)
Fulton Financial Corporation (NASDAQ: FULT) saw its 5-day average volume 1.6 million, a positive change from its year-to-date volume of 1.26 million. As of the previous 9 days, the stock’s Stochastic %D was 90.80%. Additionally, its Average True Range was 0.50.
During the past 100 days, Fulton Financial Corporation’s (FULT) raw stochastic average was set at 19.97%, which indicates a significant decrease from 69.78% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 68.47% in the past 14 days, which was higher than the 39.58% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $12.73, while its 200-day Moving Average is $15.96. Nevertheless, the first resistance level for the watch stands at $11.54 in the near term. At $11.87, the stock is likely to face the second major resistance level. The third major resistance level sits at $12.09. If the price goes on to break the first support level at $10.99, it is likely to go to the next support level at $10.77. Assuming the price breaks the second support level, the third support level stands at $10.44.
Fulton Financial Corporation (NASDAQ: FULT) Key Stats
With a market capitalization of 1.90 billion, the company has a total of 165,396K Shares Outstanding. Currently, annual sales are 1,092 M while annual income is 286,980 K. The company’s previous quarter sales were 341,570 K while its latest quarter income was 68,310 K.
