Jefferies Cuts Numbers on Fulton Financial (FULT) After Q1
Tweet
Share
E-mailGet Alerts FULT Hot Sheet
Price: $23.62 -0.13%
Rating Summary:
7 Buy, 8 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
Rating Summary:
7 Buy, 8 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
Join SI Premium – FREE
Jefferies cut estimates and its price target on Fulton Financial (NASDAQ: FULT) from $11 to $10.50 following Q1 results.
The firm comments, "Although 1Q results were inline with our estimate, credit leverage was much smaller than we anticipated, but strong mortgage banking results made up the delta. Accordingly, we cut EPS estimates a nickel to reflect a more gradual pace of credit leverage, which puts us inline with consensus."
Q2 EPS goes down from $0.21 to $0.20, FY12 EPS from $0.85 to $0.80 and FY13 from $0.95 to $0.90.
For an analyst ratings summary and ratings history on Fulton Financial click here. For more ratings news on Fulton Financial click here.
Shares of Fulton Financial closed at $10.19 yesterday.
For an analyst ratings summary and ratings history on Fulton Financial click here. For more ratings news on Fulton Financial click here.
Shares of Fulton Financial closed at $10.19 yesterday.
The firm comments, "Although 1Q results were inline with our estimate, credit leverage was much smaller than we anticipated, but strong mortgage banking results made up the delta. Accordingly, we cut EPS estimates a nickel to reflect a more gradual pace of credit leverage, which puts us inline with consensus."
Q2 EPS goes down from $0.21 to $0.20, FY12 EPS from $0.85 to $0.80 and FY13 from $0.95 to $0.90.
For an analyst ratings summary and ratings history on Fulton Financial click here. For more ratings news on Fulton Financial click here.
Shares of Fulton Financial closed at $10.19 yesterday.
For an analyst ratings summary and ratings history on Fulton Financial click here. For more ratings news on Fulton Financial click here.
Shares of Fulton Financial closed at $10.19 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Unicycive Therapeutics (UNCY) PT Raised to $15 at Benchmark Following Q2 Results
- Jefferies Downgrades Sunway Healthcare Holdings (SUNMED:MK) to Hold
- SentinelOne Inc (S) PT Raised to $26 at Cantor Fitzgerald Following Strong Q2 Checks
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
Jefferies & CoSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
