Analysts Watch Fulton Financial Corporation (NASDAQ:FULT) And Issue New Targets

Josh Kim
January 6, 2017

Hovde Group initiated Fulton Financial Corp (NASDAQ:FULT) rating on Monday, September 12. Bb&T Corp holds 0.02% of its portfolio in Fulton Financial Corp (NASDAQ:FULT) for 51,873 shares.

Synovus Financial Corp.is a financial services and a bank holding company.

Several other equities analysts have also recently issued reports on the stock. ProVise Management Group LLC acquired a new position in Synovus Financial Corp. during the second quarter worth $410,000. They issued an outperform rating and a $16.00 price target on the stock. Sanford C. Bernstein restated a "market perform" rating on shares of Synovus Financial Corp.in a research report on Wednesday, December 28th. Finally, Barclays PLC upgraded shares of Synovus Financial Corp. from an "underweight" rating to an "equal weight" rating and boosted their price target for the stock from $32.00 to $41.00 in a research report on Tuesday, December 6th.

Susquehanna analysts provided their view on Regions Financial Corporation (NYSE:RF) recently. Fulton Financial Corp. presently has a consensus rating of Hold and an average price target of $16.30. The 29 stock analysts who cover the stock have an average PT at $14.24, with individual targets in the range of $10 to $17.5. The Stock Market opened sessions at 14.53 and closed at 14.62. Regions Fincl has recorded a 50-day average of $13.90 and a two hundred day average of $10.66.

State Bank Financial Corporation. had a net margin of 24.14% and a return on equity of 8.97%. (NASDAQ:GEVO) for the current quarter.

In Regions Financial Corporation (NYSE:RF)'s latest quarter, EPS moved to $0.24 from $0.20 in preceding quarter and revenues reached at $1,434.00M compared to $1,374.00M. Company has a market cap of $227,667 M. Fulton Financial Corp. The firm's revenue was down 23.4% on a year-over-year basis. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.21 by $0.03. State Bank Financial Corporation. has a one year low of $17.34 and a one year high of $27.50.

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The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 13th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date was Wednesday, December 7th. Schaeffersresearch.com's article titled: "Is Regions Financial Corp (RF) Poised to Continue Its Post-Trump Rally?" and published on December 07, 2016 is yet another important article.

In other Fulton Financial Corp. news, insider Curtis J. Myers sold 9,068 shares of Fulton Financial Corp. stock in a transaction that occurred on Tuesday, November 15th. Its SEVP Horton William E sold 12,000 company shares for $158000.04, in a transaction on 2016-11-21. The stock of Regions Financial Corp (NYSE:RF) has "Outperform" rating given on Thursday, October 6 by Raymond James.

A total of 28 brokerages have released a report on Regions Fincl. The disclosure for this sale can be found here. The insider owns 797,665 shares as of less than 0.1%, now worth $11661862.3. There are 19 equity research firms advocating a Hold and 0 consider it Sell. Emerald Acquisition Ltd. acquired a new position in Synovus Financial Corp. during the second quarter worth $5,524,000.

Assetmark accumulated 11,980 shares or 0% of the stock. Its non-bank subsidiaries include Fulton Financial Realty Company, Central Pennsylvania Financial Corp., FFC Management, Inc., FFC Penn Square, Inc. and Fulton Insurance Services Group, Inc. That is compared with the $0.21 in EPS it reported during the same period a year ago. The total 1.03 million shares were bought and sold throughout the most recent trading session more than average volume of 3.15 million shares. State of Tennessee Treasury Department's holdings in Regions Financial Corporation were worth $4,074,000 at the end of the most recent quarter.

05/08/2014 - Drexel Hamilton began new coverage on Fulton Financial Corporation giving the company a "hold" rating. The Hawaii-based National Bank & Trust Of Hawaii has invested 0.03% in Fulton Financial Corp (NASDAQ:FULT). The Stock now has the market capitalization of $17.66 Billion, P/E (price to earnings ttm) of 16.87 and Weekly volatility of 1.83% and monthly volatility of 2.32% respectively. Following the transaction, the vice president now owns 53,967 shares of the company's stock, valued at $1,796,021.76. For the next 5 years, Regions Financial Corporation is expecting Growth of 7.25% per annum, whereas in the past 5 years the growth was 8.81% per annum.

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