
Fulton Financial (FULT) Stock Forecast & Price Target
Fulton Financial (FULT) Analyst Ratings
Bulls say
Fulton Financial demonstrated strong financial performance, with net interest income (NII) of $212 million and net interest margin (NIM) of 3.36%, both exceeding forecasts, while tangible book value (TBV) increased by 10% quarter-over-quarter, signaling improved asset quality dynamics. The company is experiencing a favorable outlook for earnings, with estimates for 2024 being raised to $1.45, reflecting a better fee and expense outlook that aligns with consensus expectations. Additionally, management's increased focus on potential acquisitions in the $1-5 billion asset range indicates a strategic approach for lower-risk growth opportunities, further enhancing the overall growth prospects for Fulton Financial.
Bears say
Fulton Financial's outlook is negatively impacted by a net interest income (NII) guidance for 2024 that falls below consensus expectations, suggesting potential revenue challenges. Additionally, higher-than-anticipated operating expenses have raised concerns about the company's cost management, while signs of weakened credit quality may further strain financial performance. The current banking environment remains tough, with pressures on NII and earnings per share (EPS) estimates, particularly exacerbated by the potential effects of rate cuts on the bank's earnings power.
This aggregate rating is based on analysts' research of Fulton Financial and is not a guaranteed prediction by Public.com or investment advice.
Fulton Financial (FULT) Analyst Forecast & Price Prediction
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