FULT In today at 11.87
Fulton Financial Corp is a small mid-cap bank holding company. Mid-cap banks have outperformed small-cap banks by 8% in 2013 and will continue to benefit with rising rates (Fed funds) today's job figures portend.
FULT been consolidating in a bullish ascending triangle after a strong move up between November and April.
FULT received three upgrades, including a double since June 22nd.
Only trading at 1.15x's book value.
Above average volume today (1.25x's 90DAV as of 3:30PM) on a day the S & P will close with half its usual volume.
Set a 52 week high today. Presently trading at 12.00
Fulton Financial Corp sets a new 52-week high
BY Wall Street on Demand — 2:31 PM ET 07/05/2013
Fulton Financial Corp (FULT) crossed above its 52-week high of $11.94 on 2:31 PM ET on July 05, 2013.
Thomson Reuters/Verus upgrades FULTON FINANCIAL CORP from HOLD to BUY.
BY Investars Analyst Actions - public— 11:03 AM ET 07/01/2013
On July 1, 2013 Thomson Reuters/Verus upgraded FULTON FINANCIAL CORP (FULT) from HOLD to BUY.
Analyst Actions: Credit Suisse On U.S. Regional Banks
BY Midnight Trader — 12:37 PM ET 07/01/2013
-- Credit Suisse says: "A Portfolio Strategy Analysis of the Recent Outperformance of the Mid Cap Banks."
U.S. Mid Cap Banks have outperformed Small Cap Banks by 8% in 2013 supported by stronger earnings revisions and relative valuation improvement: "The key driver was higher long-term rates in 1H13, and expectations that short-term rates (Fed Funds, LIBOR) will rise sooner (mid cap bank B/S are on average more asset sensitive than the small caps). This assumption is supported by sell-side EPS revisions, which are positive for the mid cap banks over the last year vs. negative for the small cap banks, which also were more negatively impacted by higher regulatory costs........