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 firms have also weighed in on FULT. Hovde Group assumed coverage on Fulton Financial Corp. in a research note on Monday, September 12th. They issued an outperform rating and a $16.00 target price on the stock. FBR & Co reiterated a hold rating on shares of Fulton Financial Corp. in a research note on Wednesday, July 20th. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Fulton Financial Corp. currently has an average rating of Hold and an average target price of $13.89.
Fulton Financial Corp. (NASDAQ:FULT) opened at 14.52 on Monday. The company has a 50-day moving average of $14.27 and a 200-day moving average of $13.81. Fulton Financial Corp. has a 52 week low of $11.48 and a 52 week high of $14.86. The company has a market cap of $2.51 billion, a PE ratio of 16.73 and a beta of 1.28.
Fulton Financial Corp. (NASDAQ:FULT) last released its earnings results on Tuesday, July 19th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates 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, equities analysts expect that Fulton Financial Corp. will post $0.91 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be paid 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 dividend yield of 2.75%. Fulton Financial Corp.’s dividend payout ratio is currently 45.98%.
In related news, COO Philmer H. Rohrbaugh bought 14,000 shares of the business’s stock in a transaction on Tuesday, August 16th. The shares were bought at an average price of $13.96 per share, for a total transaction of $195,440.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James R. Moxley III bought 9,896 shares of the business’s stock in a transaction on Wednesday, July 27th. The stock was bought at an average price of $13.71 per share, for a total transaction of $135,674.16. The disclosure for this purchase can be found here. Insiders own 0.75% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Gardner Russo & Gardner LLC raised its position in Fulton Financial Corp. by 10.8% in the first quarter. Gardner Russo & Gardner LLC now owns 34,930 shares of the company’s stock valued at $467,000 after buying an additional 3,400 shares during the period. C M Bidwell & Associates Ltd. bought a new position in Fulton Financial Corp. during the first quarter valued at about $331,000. Palisade Capital Management LLC NJ raised its position in Fulton Financial Corp. by 12.9% in the first quarter. Palisade Capital Management LLC NJ now owns 1,351,043 shares of the company’s stock valued at $18,077,000 after buying an additional 154,576 shares during the period. NN Investment Partners Holdings N.V. bought a new position in Fulton Financial Corp. during the first quarter valued at about $1,112,000. Finally, BlackRock Institutional Trust Company N.A. raised its position in Fulton Financial Corp. by 0.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 5,082,394 shares of the company’s stock valued at $68,002,000 after buying an additional 19,501 shares during the period. 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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