Fulton Financial Corporation operates as a multi-bank financial holding company that provides banking and financial services to businesses and consumers.
Flawless balance sheet established dividend payer.
Share Price & News
How has Fulton Financial's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FULT has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: FULT underperformed the US Banks industry which returned 11.1% over the past year.
Return vs Market: FULT underperformed the US Market which returned 19.3% over the past year.
Price Volatility Vs. Market
How volatile is Fulton Financial's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 days ago | Simply Wall StRevenue Miss: Fulton Financial Corporation Fell 5.7% Short Of Analyst Revenue Estimates And Analysts Have Been Revising Their Models
2 weeks ago | Simply Wall StIf You Like EPS Growth Then Check Out Fulton Financial (NASDAQ:FULT) Before It's Too Late
3 weeks ago | Simply Wall StThe Fulton Financial (NASDAQ:FULT) Share Price Is Up 53% And Shareholders Are Holding On
Is Fulton Financial undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FULT ($16.71) is trading below our estimate of fair value ($17.04)
Significantly Below Fair Value: FULT is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: FULT is good value based on its PE Ratio (12.3x) compared to the Banks industry average (12.6x).
PE vs Market: FULT is good value based on its PE Ratio (12.3x) compared to the US market (18.5x).
Price to Earnings Growth Ratio
PEG Ratio: FULT's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: FULT is good value based on its PB Ratio (1.2x) compared to the US Banks industry average (1.2x).
How is Fulton Financial forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FULT's earnings are forecast to decline over the next 3 years (-0.02% per year).
Earnings vs Market: FULT's earnings are forecast to decline over the next 3 years (-0.02% per year).
High Growth Earnings: FULT's earnings are forecast to decline over the next 3 years.
Revenue vs Market: FULT's revenue (4.9% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: FULT's revenue (4.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FULT's Return on Equity is forecast to be low in 3 years time (9.2%).
How has Fulton Financial performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FULT has high quality earnings.
Growing Profit Margin: FULT's current net profit margins (27.4%) are higher than last year (26.7%).
Past Earnings Growth Analysis
Earnings Trend: FULT's earnings have grown by 9.6% per year over the past 5 years.
Accelerating Growth: FULT's earnings growth over the past year (8.6%) is below its 5-year average (9.6% per year).
Earnings vs Industry: FULT earnings growth over the past year (8.6%) underperformed the Banks industry 12.2%.
Return on Equity
High ROE: FULT's Return on Equity (9.7%) is considered low.
Return on Assets
Return on Capital Employed
How is Fulton Financial's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: FULT has a low level of unsold assets or inventory.
Debt Coverage by Assets: FULT's debt is not covered by short term assets (assets are 0.4x debt).
Financial Institutions Analysis
Asset Level: FULT's level of assets compared to its equity is low.
Allowance for Bad Loans: FULT has a sufficient allowance for bad loans.
Low Risk Liabilities: FULT's liabilities are made up of primarily low risk sources of funding.
Loan Level: FULT has an acceptable proportion of non-loan assets held.
Low Risk Deposits: FULT's loans are broadly funded by customer deposits.
Level of Bad Loans: FULT has an appropriate level of bad loans (0.96%)
What is Fulton Financial's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FULT's dividend (3.35%) is higher than the bottom 25% of dividend payers in the US market (1.44%).
High Dividend: FULT's dividend (3.35%) is low compared to the top 25% of dividend payers in the US market (3.71%).
Stability and Growth of Payments
Stable Dividend: FULT's dividends per share have been stable in the past 10 years.
Growing Dividend: FULT's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (38.3%), FULT's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: FULT's dividends in 3 years are forecast to be well covered by earnings (46.7% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Phil Wenger (61yo)
Mr. E. Philip Wenger, also known as Phil, has been the Chairman and Chief Executive Officer of Fulton Financial Corporation since January 1, 2013. Mr. Wenger was the President at Fulton Financial Corporati ...
CEO Compensation Analysis
Compensation vs Market: Phil's total compensation ($USD2.84M) is below average for companies of similar size in the US market ($USD4.88M).
Compensation vs Earnings: Phil's compensation has been consistent with company performance over the past year.
|Chairman & CEO||7.1yrs||US$2.84m||0.22% $6.2m|
|Senior EVP & CFO||1.9yrs||US$1.04m||0.00042% $11.5k|
|Senior Executive VP and Head of Consumer & Community Banking||2.1yrs||US$816.36k||0.0095% $260.7k|
|Senior EVP & Head of Commercial Banking||7.1yrs||US$785.02k||0.028% $780.1k|
|Executive VP||6.8yrs||no data||0.0064% $175.9k|
|Senior EVP & Chief Information Officer||18.1yrs||no data||0.027% $733.5k|
|Senior VP & Director of Corporate Development||0yrs||no data||no data|
|Senior EVP||2.1yrs||no data||0.0030% $82.9k|
|Senior Vice President of Corporate Communications||0yrs||no data||no data|
Experienced Management: FULT's management team is considered experienced (4.4 years average tenure).
|Chairman & CEO||7.1yrs||US$2.84m||0.22% $6.2m|
|Chairman & CEO of the Columbia Bank||0yrs||no data||no data|
|Independent Director||4.4yrs||US$128.52k||0.012% $318.6k|
|Independent Director||23.8yrs||US$103.02k||0.071% $1.9m|
|Independent Director||3.6yrs||US$103.02k||0.0040% $109.2k|
|Independent Lead Director||1.7yrs||US$149.02k||0.081% $2.2m|
|Chair of The Bank||0yrs||no data||no data|
|Independent Director||5.7yrs||US$119.52k||0.0073% $199.5k|
|Independent Director||7.2yrs||US$140.52k||0.017% $475.8k|
Experienced Board: FULT's board of directors are considered experienced (5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: FULT insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Fulton Financial Corporation's company bio, employee growth, exchange listings and data sources
- Name: Fulton Financial Corporation
- Ticker: FULT
- Exchange: NasdaqGS
- Founded: 1882
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$2.744b
- Shares outstanding: 164.22m
- Website: https://www.fult.com
Number of Employees
- Fulton Financial Corporation
- One Penn Square
- PO Box 4887
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|FULT||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Aug 1984|
|FU5||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Aug 1984|
Fulton Financial Corporation operates as a multi-bank financial holding company that provides banking and financial services to businesses and consumers. It accepts various checking accounts and savings deposit products, certificates of deposit, and individual retirement accounts. The company also offers consumer loans, including home equity loans and lines of credit, automobile loans, automobile and equipment leases, personal lines of credit, and checking account overdraft protection; construction and jumbo residential mortgage loans; and commercial lending products comprising commercial, financial, agricultural, and real estate loans. In addition, it provides equipment leasing, letters of credit, cash management services, and traditional deposit products; and investment management, trust, brokerage, insurance, and investment advisory services. Further, the company owns investment securities and other investments, as well as trust preferred securities; and sells various life insurance products. It provides its products and services through branch banking, as well as through a network of automated teller machines, telephone banking, mobile banking, and online banking. As of December 31, 2018, the company operated 234 branches in Pennsylvania, Maryland, Delaware, New Jersey, and Virginia. Fulton Financial Corporation was founded in 1882 and is headquartered in Lancaster, Pennsylvania.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/22 00:22|
|End of Day Share Price||2020/02/21 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.