According to Zacks, “Fulton Financial Corp. is a bank holding company. It provides retail and commercial banking and investment management and trust services in central and eastern Pennsylvania, southern New Jersey, northern Maryland and southern Delaware through its wholly-owned subsidiaries: Fulton Bank, Lebanon Valley Farmers Bank, Swineford National Bank, Lafayette Ambassador Bank, FNB Bank, N.A., Great Valley Bank, Hagerstown Trust Company, Delaware National Bank, The Bank of Gloucester County, The Woodstown National Bank & Trust Company, and The Peoples Bank of Elkton. “
A number of other brokerages have also recently issued reports on FULT. Hovde Group started coverage on shares of Fulton Financial Corp. in a research note on Monday, September 12th. They issued an outperform rating and a $16.00 price objective on the stock. FBR & Co reissued a hold rating on shares of Fulton Financial Corp. in a research note on Wednesday, July 20th. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Fulton Financial Corp. has a consensus rating of Hold and an average target price of $13.89.
Shares of Fulton Financial Corp. (NASDAQ:FULT) opened at 14.31 on Monday. The firm’s 50 day moving average is $14.28 and its 200 day moving average is $13.81. Fulton Financial Corp. has a 12 month low of $11.48 and a 12 month high of $14.86. The company has a market cap of $2.48 billion, a PE ratio of 16.49 and a beta of 1.28.
Fulton Financial Corp. (NASDAQ:FULT) last announced its quarterly earnings data on Tuesday, July 19th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. Fulton Financial Corp. had a net margin of 19.52% and a return on equity of 7.31%. On average, equities analysts predict that Fulton Financial Corp. will post $0.91 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be issued a dividend of $0.10 per share. The ex-dividend date is Wednesday, September 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.80%. Fulton Financial Corp.’s dividend payout ratio (DPR) is presently 45.98%.
In other Fulton Financial Corp. news, Director James R. Moxley III purchased 9,896 shares of the business’s stock in a transaction dated Wednesday, July 27th. The shares were bought at an average price of $13.71 per share, for a total transaction of $135,674.16. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Curtis J. Myers sold 15,580 shares of Fulton Financial Corp. stock in a transaction on Monday, August 29th. The stock was sold at an average price of $14.34, for a total transaction of $223,417.20. The disclosure for this sale can be found here. Insiders own 0.75% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Victory Capital Management Inc. raised its position in shares of Fulton Financial Corp. by 77.3% in the second quarter. Victory Capital Management Inc. now owns 7,989 shares of the company’s stock worth $108,000 after buying an additional 3,484 shares during the period. Sei Investments Co. raised its position in shares of Fulton Financial Corp. by 33,879.3% in the second quarter. Sei Investments Co. now owns 9,854 shares of the company’s stock worth $133,000 after buying an additional 9,825 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Fulton Financial Corp. by 34.0% in the first quarter. Envestnet Asset Management Inc. now owns 10,307 shares of the company’s stock worth $138,000 after buying an additional 2,615 shares during the period. LS Investment Advisors LLC raised its position in shares of Fulton Financial Corp. by 76.7% in the second quarter. LS Investment Advisors LLC now owns 10,458 shares of the company’s stock worth $141,000 after buying an additional 4,538 shares during the period. Finally, SevenBridge Financial Group LLC acquired a new position in shares of Fulton Financial Corp. during the second quarter worth approximately $154,000. Institutional investors own 59.12% of the company’s stock.
About Fulton Financial Corp.
Fulton Financial Corporation is a multi-bank financial holding company. The Company provides a range of banking and financial services to businesses and consumers through its banking subsidiaries: Fulton Bank, N.A., Fulton Bank of New Jersey, The Columbia Bank, Lafayette Ambassador Bank, FNB Bank, N.A.
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