Analyst Price Target Update on Fulton Financial Corporation (NASDAQ:FULT)

Fulton Financial Corporation (NASDAQ:FULT): 4 analysts have set the short term price target of Fulton Financial Corporation (NASDAQ:FULT) at $13.25. The standard deviation of short term price target has been estimated at $0.5, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 14 and $13 respectively.

Many analysts have stated their opinion on the company shares. Equity Analysts at the Guggenheim Securities downgrades the rating on Fulton Financial Corporation (NASDAQ:FULT). The brokerage firm has issued a Hold rating on the shares. The shares were previously rated Buy. The rating by the firm was issued on March 7, 2016. Company shares have received an average consensus rating of Hold for the current week

On the companys insider trading activities, The Securities and Exchange Commission has divulged that Deporter Michael J, officer (Principal Accounting Officer) of Fulton Financial Corp, had unloaded 15,833 shares at an average price of $13.27 in a transaction dated on October 23, 2015. The total value of the transaction was worth $210,104.

Fulton Financial Corporation (NASDAQ:FULT) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.2 points or 1.44% at $13.7 with 847,643 shares getting traded. Post opening the session at $13.83, the shares hit an intraday low of $13.66 and an intraday high of $13.94 and the price was in this range throughout the day. The company has a market cap of $2,376 million and the number of outstanding shares have been calculated to be 173,466,000 shares. The 52-week high of Fulton Financial Corporation (NASDAQ:FULT) is $14.59 and the 52-week low is $11.48.

Fulton Financial Corporation is a multi-bank financial holding company. The Company provides a range of banking and financial services to businesses and consumers through its six wholly owned banking subsidiaries: Fulton Bank, N.A., Fulton Bank of New Jersey, The Columbia Bank, Lafayette Ambassador Bank, FNB Bank, N.A. and Swineford National Bank. In addition, the Company owns the non-bank subsidiaries, such as Fulton Reinsurance Company, LTD, Fulton Financial Realty Company, Central Pennsylvania Financial Corp., FFC Management, Inc., FFC Penn Square, Inc. and Fulton Insurance Services Group, Inc. The Company offers, through its banking subsidiaries, a range of retail and commercial banking services in Pennsylvania, Delaware, Maryland, New Jersey and Virginia.

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