Seeking Alpha

Fulton Financial (FULT) is a $2.5B multi-bank holding company with nothing particularly exceptional to recommend it. The stock is doing pretty well since the start of the year, but then the market has done pretty well overall. The bank is making money, but it's not particularly cheap and revenues don't look set to accelerate in a meaningful fashion.

Thus while I like the firm's diversity of operations, it's hard to find a good reason to get behind the stock right now. Fulton's not really overvalued (at least no more than the market as a whole is certainly), it's just not undervalued either. And that's the problem. After a 30% run this year, I can't find a good reason...

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