Barclays Maintains an 'Overweight' on Fulton Financial (FULT); 3Q11 EPS Preview: Improved Loan Growth Could Drive Upside

Barclays maintains an 'Overweight' on Fulton Financial (NASDAQ: FULT) price target of $13.00.

Barclays analyst says, "While Fulton has expressed caution around the economic health of its footprint, we believe its improving credit quality and a focus on increasing its ROA through the enhanced management of existing assets should position it well for a challenging growth environment. In light of its potential for increased capital redeployment, we believe this mid-Atlantic franchise is attractively valued at just 1.1x tangible book...We expect FULT to report 3Q11 EPS of $0.20 versus consensus of $0.19."

For more ratings news on Fulton Financial click here and for the rating history of Fulton Financial click here.

Shares of Fulton Financial closed at $8.23 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Hims and Hers (HIMS) PT Lowered to $35 at Barclays
• Rubrik Inc (RBRK) PT Raised to $120 at Oppenheimer; Sees Another 'Beat and Raise'
• Jefferies Downgrades Sunway Healthcare Holdings (SUNMED:MK) to Hold