FBR Capital Cuts Fulton Fincl to Market Perform (FULT)
Fulton Fincl (NASDAQ: FULT) was downgraded by equities research analysts at FBR Capital (NASDAQ: FBCM) from an “outperform” rating to a “market perform” rating in a research note issued to investors on Monday.
Separately, analysts at Bank of America (NYSE: BAC) initiated coverage on shares of Fulton Fincl in a research note to investors on Thursday, April 5th. They set an “underperform” rating and a $9.50 price target on the stock.
Fulton Fincl traded down 0.42% on Monday, hitting $9.40. Fulton Fincl has a 1-year low of $7.18 and a 1-year high of $11.27. The company has a market cap of $1.887 billion and a price-to-earnings ratio of 12.59.
Fulton Fincl last released its earnings data on Tuesday, April 17th. The company reported $0.19 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.19. Analysts expect that Fulton Fincl will post $0.21 EPS next quarter.
Fulton Financial Corporation is a bank holding company. The Company owns 100% of eight community banks and 12 non-bank entities.