Piper Sandler initiated coverage of Fulton Financial with a Neutral rating and a $23 price target on June 12. The firm expects Fulton Financial to maintain a return on assets above 1.20%, up from last year, driven by higher net interest margins and two acquisitions in Philadelphia and Northern New Jersey. Piper Sandler forecasts earnings per share growth of 5% in 2026 and 9% in 2027, following a 19% increase in 2025, but sees few near-term catalysts due to moderate loan growth and limited net interest margin expansion. Fulton Financial recently reported operational net income of $99.7 million, or $0.55 per diluted share, with GAAP earnings per share of $0.51 after acquisition-related adjustments.
Fulton Financial CorporationPiper Sandler initiated coverage with Neutral rating and $23 price target, citing moderate loan growth and limited near-term catalysts.
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