Fulton Financial stock fell 1.28 percent after rating cut

Published on 10/07/2026 at 04:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Raymond James cut Fulton Financial to Market Perform on October 6, 2026. Q2 EPS reached USD 0.60 against USD 0.53 consensus, with Q3 results due October 21.

FULT, US3602711000, Illustration mit AI erstellt.

Fulton Financial Corporation (ISIN US3602711000) was last at USD 22.40 on Nasdaq on October 6, 2026 at 4:00 p.m. ET, down 1.28 percent from the prior session. The move followed a rating cut by Raymond James that adds pressure ahead of Fulton's third-quarter results.

Raymond James turns cautious

According to MarketBeat on October 6, 2026, Raymond James downgraded Fulton Financial from Outperform to Market Perform. The change removed a previously more constructive analyst stance as the stock traded at USD 22.40.

The broader analyst picture is less negative. MarketBeat reports a consensus rating of Hold from five analysts and an average price target of USD 24.75, which lies 10.5 percent above the October 6 price of USD 22.40, while Fulton Financial's 52-week range extends from USD 16.60 to USD 25.23.

Q2 earnings set the baseline

Fulton's latest reported quarter was Q2 2026. According to MarketBeat, the bank posted EPS of USD 0.60 against consensus of USD 0.53, a USD 0.07 beat. Quarterly revenue reached USD 367.87 million against expectations of USD 358.83 million and increased 12.2 percent from the prior year.

That result gives the upcoming report a clear benchmark. Fulton must now show whether the Q2 combination of double-digit revenue growth and earnings above consensus continued into Q3, especially after the shares fell on the rating change.

Q3 results arrive October 21

Fulton has already set the next reporting date. In its October 1, 2026 release, Fulton Financial said it will publish Q3 2026 results on October 21, 2026 and hold its analyst conference call on October 22, 2026 at 10:00 a.m. ET.

For investors, the next report is therefore the immediate test of the stock's valuation. The company had a market capitalization of USD 4.3 billion on October 6, 2026, while the consensus target remains above the latest Nasdaq price.

Fulton Financial stock stays below yearly high

Fulton Financial stock was last at USD 22.40 on October 6, 2026, with a session range of USD 22.37 to USD 22.84 and a 52-week high of USD 25.23. The shares remain below that high as the market weighs the Raymond James downgrade against the Q2 earnings beat.