In the last 30 days, four analysts have raised their EPS estimates for this bank. The shares have a current annual dividend yield of 3.25%, paid quarterly.
Fulton Financial Corporation (FULT)
From IQ Trends
Fulton Financial Corporation is a financial holding company that operates through six banking subsidiaries, primarily located in Pennsylvania, Delaware, Maryland, New Jersey, and Virginia. Products and services include checking and savings deposit accounts; certificates of deposit; individual retirement accounts; home equity loans and lines of credit; fixed, variable and adjustable rate products; residential mortgage loans; auto loans; commercial, financial and agricultural real estate loans; and investment management, trust, brokerage, insurance and investment advisory services, which are distributed through a branch network of 241 locations, ATMs and alternative distribution channels.
FULT is expected to consolidate its six subsidiary banks into a single subsidiary bank to reorient its business model away from geographical boundaries towards customer segments. As a result, centralized risk management and better targeted services will likely improve operating efficiency.
Fulton’s loan portfolio is largely concentrated in commercial and multifamily real estate, residential mortgage, home equity, and construction and development. FULT has paid uninterrupted dividends since 1983.
Kelley Wright, IQ Trends, iqtrends.com, info@iqtrends.com, 866.927.5250, First April 2021