Strs Ohio maintained its stake in shares of Fulton Financial Corp. (NASDAQ:FULT) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 596,600 shares of the company’s stock at the end of the second quarter. Strs Ohio’s holdings in Fulton Financial Corp. were worth $8,054,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the company. Envestnet Asset Management Inc. boosted 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 in the last quarter. 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 worth $141,000 after buying an additional 4,538 shares in the last quarter. 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 worth $160,000 after buying an additional 74 shares in the last quarter. Bank of Montreal Can bought a new position in shares of Fulton Financial Corp. during the second quarter worth $172,000. Finally, Virginia Retirement System bought a new position in shares of Fulton Financial Corp. during the first quarter worth $313,000. Hedge funds and other institutional investors own 59.12% of the company’s stock.
Shares of Fulton Financial Corp. (NASDAQ:FULT) traded up 1.47% during midday trading on Friday, hitting $14.52. The company had a trading volume of 962,718 shares. Fulton Financial Corp. has a 12-month low of $11.48 and a 12-month high of $14.86. The firm has a market capitalization of $2.51 billion, a P/E ratio of 16.73 and a beta of 1.28. The firm’s 50-day moving average is $14.31 and its 200-day moving average is $13.82.
Fulton Financial Corp. (NASDAQ:FULT) last issued its quarterly earnings results on Tuesday, July 19th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the 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%. On average, analysts predict that Fulton Financial Corp. will post $0.91 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.75%. The ex-dividend date is Wednesday, September 28th. Fulton Financial Corp.’s payout ratio is 45.98%.
A number of equities analysts recently weighed in on the company. Zacks Investment Research raised Fulton Financial Corp. from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research note on Tuesday, September 20th. Hovde Group assumed coverage on Fulton Financial Corp. in a research note on Monday, September 12th. They set an “outperform” rating and a $16.00 target price on the stock. Finally, FBR & Co reaffirmed 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 issued 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 Fulton Financial Corp. news, EVP Curtis J. Myers sold 15,580 shares of the stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $14.34, for a total value of $223,417.20. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Philmer H. Rohrbaugh bought 14,000 shares of the business’s stock in a transaction on Tuesday, August 16th. The stock was bought at an average cost of $13.96 per share, for a total transaction of $195,440.00. The disclosure for this purchase can be found here. 0.75% of the stock is owned by company insiders.
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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