Fulton Financial

FULT · NASDAQ

$22.63+$0.46 (+2.07%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $22.17

FULT analyst rating

HoldConsensus of 5 analysts over the last 12 months. 20% rate it a buy.

Strong buy0
Buy1
Hold4
Underperform0
Sell0

12-month price target · 9 analysts

Average $26.59 (+17.5% upside)

Low: $23.23
Now: $22.63
High: $29.92

Upgrades and downgrades

The latest rating actions, newest first

FULT analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Raymond James	Oct 6, 2026	Downgrade	Outperform → Market Perform	—	54%
Piper Sandler	Aug 3, 2026	Maintains	Neutral	$23.00 → $27.00	46%
DA Davidson	Jul 24, 2026	Maintains	Neutral	$24.00 → $25.00	53%
Raymond James	Jul 1, 2026	Maintains	Outperform	$24.00 → $26.00	59%
DA Davidson	Feb 25, 2026	Initiates	Neutral	$24.00	53%
Keefe, Bruyette & Woods	Nov 26, 2025	Maintains	Market Perform	$20.00 → $21.00	66%
Keefe, Bruyette & Woods	Oct 23, 2025	Maintains	Market Perform	$22.00 → $20.00	66%

The case for and against

Updated Aug 16, 2026

Bull case

Fulton Financial is a U.S.-based financial services holding company that operates in five states, and as a financial analyst, I maintain a NEUTRAL rating with a PT of $25. Despite the lower provisions and active share repurchases seen in the 2Q26 earnings, questions remain regarding the integration and expansion of the Blue Foundry deal, and higher expenses and slower loan growth act as offsetting factors to the positive NIM expansion and stable credit quality. The company's strong credit culture, scarcity value in a high-demand geography, and reasonable fee revenue diversification are compelling, but the current valuation fully reflects these attributes and other banks with better loan growth and profitability improvement are recommended at this time.

Bear case

Fulton Financial is a U.S.-based financial services holding company that operates in five states and offers a range of consumer and commercial banking products and services. Although the recent acquisitions and geographic location provide potential for improved profitability, the company has historically experienced modest organic loan growth and limited profitability. Additionally, the recent acquisition of underperformer Blue Foundry may present operational and integration challenges, contributing to the current discount in valuation compared to peers.

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