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FULT

Fulton FinancialNasdaqGS:FULT Stock Report

Last Price

US$17.82

Market Cap

US$2.9b

7D

-5.6%

1Y

20.4%

Updated

21 Jan, 2022

Data

Company Financials +
FULT fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance5/6
Financial Health6/6
Dividends6/6

FULT Stock Overview

Fulton Financial Corporation operates as a financial holding company that provides banking and financial services to businesses and consumers.

Fulton Financial Competitors

Regions Financial

NYSE:RF

US$20.8b

Signature Bank

NasdaqGS:SBNY

US$20.2b

Western Alliance Bancorporation

NYSE:WAL

US$11.4b

First Horizon

NYSE:FHN

US$9.2b

Price History & Performance

Summary of all time highs, changes and price drops for Fulton Financial
Historical stock prices
Current Share PriceUS$17.82
52 Week HighUS$19.17
52 Week LowUS$13.25
Beta0.84
1 Month Change6.64%
3 Month Change5.95%
1 Year Change20.41%
3 Year Change8.59%
5 Year Change-3.42%
Change since IPO370.45%

Recent News & Updates

Jan 19
I Ran A Stock Scan For Earnings Growth And Fulton Financial (NASDAQ:FULT) Passed With Ease

I Ran A Stock Scan For Earnings Growth And Fulton Financial (NASDAQ:FULT) Passed With Ease

Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...

Jan 09

Fulton Financial: Provision Normalization To Undermine Top Line Growth

Economic growth, a rising interest-rate environment, and a robust pipeline will likely drive the net interest income this year. The provision expense will likely return to a normal level this year on the back of mid-single-digit loan growth. The rising interest-rate environment will disincentivize mortgage refinancing activity, which will, in turn, reduce the non-interest income. The year-end target price suggests a small downside from the current market price. Further, FULT is offering a decent dividend yield.

Shareholder Returns

FULTUS BanksUS Market
7D-5.6%-8.1%-6.1%
1Y20.4%24.9%4.2%

Return vs Industry: FULT underperformed the US Banks industry which returned 28% over the past year.

Return vs Market: FULT exceeded the US Market which returned 6.6% over the past year.

Price Volatility

Is FULT's price volatile compared to industry and market?
FULT volatility
FULT Average Weekly Movement3.9%
Banks Industry Average Movement3.9%
Market Average Movement6.7%
10% most volatile stocks in US Market15.6%
10% least volatile stocks in US Market2.4%

Stable Share Price: FULT is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: FULT's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
18823,300Phil Wengerhttps://www.fult.com

Fulton Financial Corporation operates as a 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 secured consumer loans, including home equity loans and lines of credit, automobile loans, 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.

Fulton Financial Fundamentals Summary

How do Fulton Financial's earnings and revenue compare to its market cap?
FULT fundamental statistics
Market CapUS$2.86b
Earnings (TTM)US$265.22m
Revenue (TTM)US$945.89m

10.8x

P/E Ratio

1.1x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FULT income statement (TTM)
RevenueUS$945.89m
Cost of RevenueUS$0
Gross ProfitUS$945.89m
ExpensesUS$680.67m
EarningsUS$265.22m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.65
Gross Margin100.00%
Net Profit Margin28.04%
Debt/Equity Ratio38.3%

How did FULT perform over the long term?

See historical performance and comparison

Dividends

3.6%

Current Dividend Yield

39%

Payout Ratio

Valuation

Is Fulton Financial undervalued compared to its fair value and its price relative to the market?

41.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: FULT ($17.82) is trading below our estimate of fair value ($30.63)

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


Price To Earnings Ratio

PE vs Industry: FULT is good value based on its PE Ratio (10.8x) compared to the US Banks industry average (11x).

PE vs Market: FULT is good value based on its PE Ratio (10.8x) compared to the US market (16.7x).


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 (1.1x) compared to the US Banks industry average (1.2x).


Future Growth

How is Fulton Financial forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

-2.3%

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 (-2.3% per year).

Earnings vs Market: FULT's earnings are forecast to decline over the next 3 years (-2.3% per year).

High Growth Earnings: FULT's earnings are forecast to decline over the next 3 years.

Revenue vs Market: FULT's revenue (1.3% per year) is forecast to grow slower than the US market (9.2% per year).

High Growth Revenue: FULT's revenue (1.3% 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 (9.6%).


Past Performance

How has Fulton Financial performed over the past 5 years?

7.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FULT has high quality earnings.

Growing Profit Margin: FULT's current net profit margins (28%) are higher than last year (22.2%).


Past Earnings Growth Analysis

Earnings Trend: FULT's earnings have grown by 7.3% per year over the past 5 years.

Accelerating Growth: FULT's earnings growth over the past year (50.8%) exceeds its 5-year average (7.3% per year).

Earnings vs Industry: FULT earnings growth over the past year (50.8%) exceeded the Banks industry 43.4%.


Return on Equity

High ROE: FULT's Return on Equity (10.2%) is considered low.


Financial Health

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


Balance Sheet


Financial Institutions Analysis

Asset Level: FULT's Assets to Equity ratio (9.5x) is low.

Allowance for Bad Loans: FULT has a sufficient allowance for bad loans (171%).

Low Risk Liabilities: 93% of FULT's liabilities are made up of primarily low risk sources of funding.

Loan Level: FULT has an appropriate level of Loans to Assets ratio (70%).

Low Risk Deposits: FULT's Loans to Deposits ratio (84%) is appropriate.

Level of Bad Loans: FULT has an appropriate level of bad loans (0.8%).


Dividend

What is Fulton Financial current dividend yield, its reliability and sustainability?

3.59%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: FULT's dividend (3.59%) is higher than the bottom 25% of dividend payers in the US market (1.36%).

High Dividend: FULT's dividend (3.59%) is in the top 25% of dividend payers in the US market (3.55%)


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 (39.1%), 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 (40.6% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.8yrs

Average management tenure


CEO

Phil Wenger (63 yo)

9yrs

Tenure

US$3,084,495

Compensation

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 ($USD3.08M) is below average for companies of similar size in the US market ($USD5.23M).

Compensation vs Earnings: Phil's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: FULT's management team is considered experienced (4.8 years average tenure).


Board Members

Experienced Board: FULT's board of directors are considered experienced (6.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: FULT insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Fulton Financial Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: Fulton Financial Corporation
  • Ticker: FULT
  • Exchange: NasdaqGS
  • Founded: 1882
  • Industry: Regional Banks
  • Sector: Banks
  • Implied Market Cap: US$2.860b
  • Shares outstanding: 160.49m
  • Website: https://www.fult.com

Number of Employees


Location

  • Fulton Financial Corporation
  • One Penn Square
  • PO Box 4887
  • Lancaster
  • Pennsylvania
  • 17604
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/21 23:36
End of Day Share Price2022/01/21 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.