Fulton Financial Corporation

NasdaqGS:FULT Stock Report

Market Cap: US$3.9b

Fulton Financial Valuation

Is FULT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of FULT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: FULT ($21.61) is trading below our estimate of fair value ($39.27)

Significantly Below Fair Value: FULT is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for FULT?

Key metric: As FULT is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for FULT. This is calculated by dividing FULT's market cap by their current earnings.
What is FULT's PE Ratio?
PE Ratio14.3x
EarningsUS$274.14m
Market CapUS$3.93b

Price to Earnings Ratio vs Peers

How does FULT's PE Ratio compare to its peers?

The above table shows the PE ratio for FULT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average27.4x
UCB United Community Banks
22.3x18.8%US$4.1b
CATY Cathay General Bancorp
13x4.5%US$3.8b
TFSL TFS Financial
51.7x5.1%US$4.0b
CBU Community Financial System
22.5x17.9%US$3.7b
FULT Fulton Financial
14.3x13.4%US$3.9b

Price-To-Earnings vs Peers: FULT is good value based on its Price-To-Earnings Ratio (14.3x) compared to the peer average (27.4x).

Price to Earnings Ratio vs Industry

How does FULT's PE Ratio compare vs other companies in the US Banks Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
FRCB First Republic Bank
0.02xn/aUS$27.98m
BKGM BankGuam Holding
1xn/aUS$18.48m
SBNY Signature Bank
0.002xn/aUS$2.18m
BCBH.F Caribbean Investment Holdings
0.00001xn/aUS$132.00
No more companies available in this PE range
FULT 14.3xIndustry Avg. 13.2xNo. of Companies92PE0816243240+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: FULT is expensive based on its Price-To-Earnings Ratio (14.3x) compared to the US Banks industry average (13.2x).

Price to Earnings Ratio vs Fair Ratio

What is FULT's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

FULT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14.3x
Fair PE Ratio15.5x

Price-To-Earnings vs Fair Ratio: FULT is good value based on its Price-To-Earnings Ratio (14.3x) compared to the estimated Fair Price-To-Earnings Ratio (15.5x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst FULT forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$21.61
US$20.83
-3.6%
4.3%US$22.00US$20.00n/a6
Nov ’25US$18.06
US$20.50
+13.5%
3.7%US$22.00US$20.00n/a6
Oct ’25US$17.34
US$20.33
+17.3%
4.6%US$22.00US$19.00n/a6
Sep ’25US$19.35
US$20.14
+4.1%
4.9%US$22.00US$19.00n/a7
Aug ’25US$18.57
US$20.14
+8.5%
4.9%US$22.00US$19.00n/a7
Jul ’25US$16.77
US$18.50
+10.3%
2.9%US$19.00US$17.50n/a7
Jun ’25US$16.84
US$18.71
+11.1%
4.7%US$20.50US$17.50n/a7
May ’25US$16.90
US$17.93
+6.1%
8.1%US$19.50US$15.50n/a7
Apr ’25US$15.66
US$16.29
+4.0%
5.4%US$17.00US$15.00n/a7
Mar ’25US$15.31
US$16.43
+7.3%
4.4%US$17.00US$15.00n/a7
Feb ’25US$15.49
US$16.29
+5.1%
4.3%US$17.00US$15.00n/a7
Jan ’25US$16.46
US$15.14
-8.0%
10.2%US$18.00US$13.00n/a7
Dec ’24US$14.93
US$13.93
-6.7%
5.6%US$15.50US$13.00n/a7
Nov ’24US$13.09
US$13.71
+4.8%
3.3%US$14.00US$13.00US$18.067
Oct ’24US$12.11
US$14.14
+16.8%
4.1%US$15.00US$13.00US$17.347
Sep ’24US$13.72
US$14.14
+3.1%
4.1%US$15.00US$13.00US$19.357
Aug ’24US$14.24
US$14.14
-0.7%
4.1%US$15.00US$13.00US$18.577
Jul ’24US$11.92
US$14.29
+19.8%
7.4%US$15.50US$12.00US$16.777
Jun ’24US$11.58
US$14.29
+23.4%
7.4%US$15.50US$12.00US$16.847
May ’24US$11.79
US$14.29
+21.2%
7.4%US$15.50US$12.00US$16.907
Apr ’24US$13.82
US$17.43
+26.1%
8.2%US$20.00US$15.00US$15.667
Mar ’24US$17.31
US$17.71
+2.3%
6.0%US$20.00US$17.00US$15.317
Feb ’24US$16.91
US$17.71
+4.8%
6.0%US$20.00US$17.00US$15.497
Jan ’24US$16.83
US$19.08
+13.4%
5.7%US$21.00US$18.00US$16.466
Dec ’23US$18.52
US$19.08
+3.0%
5.7%US$21.00US$18.00US$14.936
Nov ’23US$18.25
US$19.08
+4.6%
5.7%US$21.00US$18.00US$13.096

Analyst Forecast: Target price is lower than the current share price.

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