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 research analysts also recently issued reports on the company. Keefe, Bruyette & Woods reiterated a market perform rating on shares of Fulton Financial Corp. in a report on Wednesday. Hovde Group assumed coverage on Fulton Financial Corp. in a report on Monday, September 12th. They set an outperform rating and a $16.00 price objective for the company. Finally, FBR & Co reiterated a hold rating on shares of Fulton Financial Corp. in a report on Wednesday, July 20th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $14.25.
Shares of Fulton Financial Corp. (NASDAQ:FULT) traded up 0.71% on Thursday, reaching $14.26. The company’s stock had a trading volume of 180,013 shares. Fulton Financial Corp. has a 1-year low of $11.48 and a 1-year high of $14.86. The firm has a market cap of $2.47 billion, a price-to-earnings ratio of 16.43 and a beta of 1.19. The company’s 50 day moving average is $14.43 and its 200-day moving average is $13.89.
Fulton Financial Corp. (NASDAQ:FULT) last posted its quarterly earnings data on Tuesday, July 19th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.01. Fulton Financial Corp. had a return on equity of 7.31% and a net margin of 19.52%. Equities research analysts expect that Fulton Financial Corp. will post $0.91 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.40 annualized dividend and a yield of 2.82%. Fulton Financial Corp.’s dividend payout ratio (DPR) is presently 45.98%.
In related news, COO Philmer H. Rohrbaugh purchased 14,000 shares of Fulton Financial Corp. stock in a transaction that occurred on Tuesday, August 16th. The stock was purchased at an average cost of $13.96 per share, with a total value of $195,440.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James R. Moxley III purchased 9,896 shares of Fulton Financial Corp. stock in a transaction that occurred on Wednesday, July 27th. The shares were bought at an average cost of $13.71 per share, with a total value of $135,674.16. The disclosure for this purchase can be found here. Corporate insiders own 0.75% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Victory Capital Management Inc. boosted 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 valued at $108,000 after buying an additional 3,484 shares during the period. Sei Investments Co. boosted 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 valued at $133,000 after buying an additional 9,825 shares during the period. LS Investment Advisors LLC boosted 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 valued at $141,000 after buying an additional 4,538 shares during the period. SevenBridge Financial Group LLC bought a new position in shares of Fulton Financial Corp. during the second quarter valued at approximately $154,000. Finally, Wagner Bowman Management Corp boosted its position in shares of Fulton Financial Corp. by 0.6% in the second quarter. Wagner Bowman Management Corp now owns 11,878 shares of the company’s stock valued at $160,000 after buying an additional 74 shares during the period. 59.12% of the stock is owned by hedge funds and other institutional investors.
Fulton Financial Corp. Company Profile
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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