DA Davidson has revised its price target for Fulton Financial (FULT, Financial), lowering it from $20 to $17, while maintaining a Neutral rating on the bank's shares. This adjustment follows a detailed analysis of the company’s recent performance and future projections.
Fulton Financial showed a stronger-than-expected net interest margin expansion in its first-quarter earnings report, attributed to favorable deposit trends and controlled operating expenses and credit conditions. Despite these positive indicators, DA Davidson has adjusted its forecast for the bank's fiscal year 2026 earnings per share (EPS), reducing it by approximately 3%. This revision is largely due to concerns over a less optimistic outlook for loan growth.
Investors are advised to consider these insights as they assess Fulton Financial’s potential trajectory in the coming years, with the bank showing signs of stability but facing challenges in expanding its loan portfolio.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 6 analysts, the average target price for Fulton Financial Corp (FULT, Financial) is $20.25 with a high estimate of $22.50 and a low estimate of $18.00. The average target implies an upside of 26.80% from the current price of $15.97. More detailed estimate data can be found on the Fulton Financial Corp (FULT) Forecast page.
Based on the consensus recommendation from 7 brokerage firms, Fulton Financial Corp's (FULT, Financial) average brokerage recommendation is currently 2.4, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Fulton Financial Corp (FULT, Financial) in one year is $15.60, suggesting a downside of 2.32% from the current price of $15.97. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Fulton Financial Corp (FULT) Summary page.
