Capstone Asset Management Co. reduced its stake in shares of Fulton Financial Corp. (NASDAQ:FULT) by 3.9% during the third quarter, Holdings Channel reports. The institutional investor owned 13,519 shares of the company’s stock after selling 545 shares during the period. Capstone Asset Management Co.’s holdings in Fulton Financial Corp. were worth $196,000 as of its most recent filing with the SEC.
Several other large investors have also bought and sold shares of the stock. Victory Capital Management Inc. raised its stake in 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 in the last quarter. Sei Investments Co. raised its stake 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 in the last quarter. LS Investment Advisors LLC raised its stake in 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 in the last quarter. SevenBridge Financial Group LLC acquired a new stake in Fulton Financial Corp. during the second quarter valued at approximately $154,000. Finally, Wagner Bowman Management Corp raised its stake in 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 in the last quarter. Institutional investors and hedge funds own 59.12% of the company’s stock.
Shares of Fulton Financial Corp. (NASDAQ:FULT) opened at 14.53 on Thursday. Fulton Financial Corp. has a 52-week low of $11.48 and a 52-week high of $14.86. The firm’s 50-day moving average is $14.43 and its 200 day moving average is $13.88. The stock has a market cap of $2.51 billion, a P/E ratio of 16.74 and a beta of 1.19.
Fulton Financial Corp. (NASDAQ:FULT) last posted its quarterly earnings data on Tuesday, July 19th. The company reported $0.23 EPS for the quarter, beating the Thomson Reuters’ 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%. Analysts forecast that Fulton Financial Corp. will post $0.91 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.75%. The ex-dividend date is Wednesday, September 28th. Fulton Financial Corp.’s payout ratio is 45.98%.
Several research analysts recently commented on the stock. Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of Fulton Financial Corp. in a research note on Wednesday. Zacks Investment Research lowered shares of Fulton Financial Corp. from a “buy” rating to a “hold” rating in a research note on Monday, September 26th. Hovde Group assumed coverage on shares of Fulton Financial Corp. in a research note 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 research note on Wednesday, July 20th. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Fulton Financial Corp. presently has an average rating of “Hold” and an average price target of $14.25.
In other news, EVP Curtis J. Myers sold 15,580 shares of the firm’s stock in a transaction that occurred on Monday, August 29th. The shares were 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 Securities & Exchange Commission, which is available at this hyperlink. Also, Director James R. Moxley III acquired 9,896 shares of the stock in a transaction dated Wednesday, July 27th. The stock was acquired 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. 0.75% of the stock is currently owned by 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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