A new trading day began on Tuesday, with Fulton Financial Corp. (NASDAQ: FULT) stock price up 1.61% from the previous day of trading ,before settling in for the closing price of $15.48. FULT’s price has ranged from $9.64 to $17.06 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Financial sector saw sales topped by 10.61%. Meanwhile, its annual earnings per share averaged -8.08%. With a float of $160.16 million, this company’s outstanding shares have now reached $163.80 million.
The extent of productivity of a business whose workforce counts for 3400 workers is very important to gauge.
Fulton Financial Corp. (FULT) Insider and Institutional Ownership
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 Corp. is 1.15%, while institutional ownership is 72.99%. The most recent insider transaction that took place on Nov 07 ’23, was worth 4. In this transaction Director of this company sold 0 shares at a rate of $13.75, taking the stock ownership to the 0 shares. Before that another transaction happened on May 12 ’23, when Company’s Chairman & CEO bought 15,000 for $9.81, making the entire transaction worth $147,156. This insider now owns 157,044 shares in total.
Fulton Financial Corp. (FULT) Latest Financial update
In its latest quarterly report, released on 12/30/2023, the company reported earnings of $0.42 per share, which was $0.1 higher 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). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.38 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -8.08% 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 6.84% growth over the previous five years of trading.
Fulton Financial Corp. (NASDAQ: FULT) Trading Performance Indicators
Here are Fulton Financial Corp.’s current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.70. Likewise, its price to free cash flow for the trailing twelve months is 7.66.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.64, a number that is poised to hit 0.39 in the next quarter and is forecasted to reach 1.56 in one year’s time.
Technical Analysis of Fulton Financial Corp. (FULT)
The latest stats from [Fulton Financial Corp., FULT] show that its last 5-days average volume of 0.78 million was inferior to 1.1 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 41.32%. Additionally, its Average True Range was 0.37.
During the past 100 days, Fulton Financial Corp.’s (FULT) raw stochastic average was set at 58.70%, which indicates a significant decrease from 75.45% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 27.53% in the past 14 days, which was lower than the 28.68% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $15.43, while its 200-day Moving Average is $14.22. Now, the first resistance to watch is $15.84. This is followed by the second major resistance level at $15.95. The third major resistance level sits at $16.15. If the price goes on to break the first support level at $15.53, it is likely to go to the next support level at $15.33. The third support level lies at $15.22 if the price breaches the second support level.
Fulton Financial Corp. (NASDAQ: FULT) Key Stats
With a market capitalization of 2.55 billion, the company has a total of 162,025K Shares Outstanding. Currently, annual sales are 1,501 M while annual income is 284,280 K. The company’s previous quarter sales were 397,510 K while its latest quarter income was 64,260 K.
