Bank Selling Overdone: Buy This Strong Regional Name

As of today, I am recommending shares of Fulton Financial (FULT).

Fulton is a Pennsylvania-based bank that also operates in New Jersey, Maryland, Delaware and Virginia. Loan and earnings growth have been stable while maintaining high credit quality.

Recent weakness in the regional bank sector has brought the stock down to 12.4X forward earnings per share, making it a solid value opportunity in current market conditions.

Throw in a 3.57% dividend yield and my conviction that concerns over the economy are overdone, and FULT should do well for the reminder of 2021.

FULT is a buy below $16. My target is $18.50

If you are an Inner Circle Subscriber following the Model Portfolio, take a 5% position in FULT in the Value Sector.