NEW YORK ( TheStreet) -- Fulton Financial Corporation (Nasdaq: FULT) hit a new 52-week high Friday as it is currently trading at $11.60, above its previous 52-week high of $11.59 with 589,053 shares traded as of 1:01 p.m. ET. Average volume has been one million shares over the past 30 days.

Fulton Financial has a market cap of $2.3 billion and is part of the financial sector and banking industry. Shares are up 11.2% year to date as of the close of trading on Thursday.

Fulton Financial Corporation operates as a multi-bank holding company that offers retail and commercial banking products and services in Pennsylvania, Delaware, Maryland, New Jersey, and Virginia. The company has a P/E ratio of 18, equal to the average banking industry P/E ratio and above the S&P 500 P/E ratio of 17.
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TheStreet Ratings rates Fulton Financial as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, expanding profit margins, notable return on equity, attractive valuation levels and compelling growth in net income. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Fulton Financial Ratings Report.

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