Fulton Financial Corp. (NASDAQ:FULT) announced a quarterly dividend on Wednesday, September 21st. Shareholders of record on Friday, September 30th will be paid a dividend of 0.10 per share on Friday, October 14th. This represents a $0.40 annualized dividend and a yield of 2.79%. The ex-dividend date of this dividend is Wednesday, September 28th.
Shares of Fulton Financial Corp. (NASDAQ:FULT) opened at 14.34 on Tuesday. The firm has a 50-day moving average of $14.24 and a 200 day moving average of $13.80. The company has a market cap of $2.48 billion, a price-to-earnings ratio of 16.52 and a beta of 1.28. Fulton Financial Corp. has a one year low of $11.48 and a one year high of $14.86.
Fulton Financial Corp. (NASDAQ:FULT) last issued its quarterly earnings results on Tuesday, July 19th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.01. Fulton Financial Corp. had a net margin of 19.52% and a return on equity of 7.31%. Equities research analysts anticipate that Fulton Financial Corp. will post $0.91 EPS for the current year.
Several research firms have recently commented on FULT. Zacks Investment Research downgraded Fulton Financial Corp. from a “buy” rating to a “hold” rating in a report on Monday, June 27th. FBR & Co reissued a “hold” rating on shares of Fulton Financial Corp. in a report on Wednesday, July 20th. Finally, Hovde Group began coverage on Fulton Financial Corp. in a report on Monday, September 12th. They issued an “outperform” rating and a $16.00 price objective for the company. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $13.89.
In other news, Director James R. Moxley III acquired 9,896 shares of the stock in a transaction on Wednesday, July 27th. The shares were purchased at an average price of $13.71 per share, for a total transaction of $135,674.16. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Curtis J. Myers sold 15,580 shares of the stock in a transaction on Monday, August 29th. The stock was sold at an average price of $14.34, for a total value of $223,417.20. The disclosure for this sale can be found here. Company insiders own 0.75% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Sei Investments Co. boosted its position in 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 last quarter. SevenBridge Financial Group LLC purchased a new position in Fulton Financial Corp. during the second quarter valued at $154,000. Hsbc Holdings PLC boosted its position in Fulton Financial Corp. by 1.6% in the second quarter. Hsbc Holdings PLC now owns 11,892 shares of the company’s stock valued at $161,000 after buying an additional 184 shares during the last quarter. TFS Capital LLC purchased a new position in Fulton Financial Corp. during the second quarter valued at $218,000. Finally, Paloma Partners Management Co boosted its position in Fulton Financial Corp. by 8.9% in the second quarter. Paloma Partners Management Co now owns 18,305 shares of the company’s stock valued at $247,000 after buying an additional 1,503 shares during the last quarter. Hedge funds and other institutional investors own 59.12% of the company’s stock.
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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