Fulton Financial Corporation (FULT) Shares Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC increased its position in Fulton Financial Corporation (NASDAQ:FULT) by 94.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,621 shares of the bank’s stock after buying an additional 31,809 shares during the period. Janney Montgomery Scott LLC’s holdings in Fulton Financial Corporation were worth $1,247,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Bank of Montreal Can raised its stake in shares of Fulton Financial Corporation by 1.3% in the first quarter. Bank of Montreal Can now owns 12,971 shares of the bank’s stock worth $231,000 after buying an additional 169 shares during the period. Capstone Asset Management Co. raised its stake in shares of Fulton Financial Corporation by 0.5% in the first quarter. Capstone Asset Management Co. now owns 13,849 shares of the bank’s stock worth $247,000 after buying an additional 70 shares during the period. Louisiana State Employees Retirement System raised its stake in shares of Fulton Financial Corporation by 2.8% in the first quarter. Louisiana State Employees Retirement System now owns 44,000 shares of the bank’s stock worth $785,000 after buying an additional 1,200 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of Fulton Financial Corporation by 1.6% in the first quarter. Nisa Investment Advisors LLC now owns 91,500 shares of the bank’s stock worth $1,633,000 after buying an additional 1,400 shares during the period. Finally, Retirement Systems of Alabama raised its stake in shares of Fulton Financial Corporation by 0.5% in the first quarter. Retirement Systems of Alabama now owns 224,761 shares of the bank’s stock worth $4,012,000 after buying an additional 1,009 shares during the period. Institutional investors and hedge funds own 62.08% of the company’s stock.

Shares of Fulton Financial Corporation (FULT) opened at 17.35 on Friday. The firm’s 50-day moving average is $18.52 and its 200 day moving average is $18.36. Fulton Financial Corporation has a 1-year low of $13.59 and a 1-year high of $19.90. The company has a market cap of $3.04 billion, a price-to-earnings ratio of 17.53 and a beta of 1.16.

Fulton Financial Corporation (NASDAQ:FULT) last issued its earnings results on Tuesday, July 18th. The bank reported $0.26 EPS for the quarter, meeting analysts’ consensus estimates of $0.26. The business had revenue of $193.93 million during the quarter, compared to analyst estimates of $194.02 million. Fulton Financial Corporation had a return on equity of 8.02% and a net margin of 20.86%. During the same period in the prior year, the company posted $0.23 earnings per share. Equities analysts expect that Fulton Financial Corporation will post $1.06 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Monday, July 3rd were paid a $0.11 dividend. The ex-dividend date was Thursday, June 29th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.54%. Fulton Financial Corporation’s payout ratio is 44.44%.

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FULT has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods restated a “hold” rating and issued a $18.00 price target on shares of Fulton Financial Corporation in a research note on Thursday, April 20th. Barclays PLC restated a “sell” rating and issued a $18.00 price target (up previously from $17.00) on shares of Fulton Financial Corporation in a research note on Friday, April 21st. Jefferies Group LLC restated a “hold” rating and issued a $20.00 price target on shares of Fulton Financial Corporation in a research note on Friday, May 5th. ValuEngine upgraded shares of Fulton Financial Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 6th. Finally, BidaskClub upgraded shares of Fulton Financial Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $18.33.

In related news, insider Michael J. Deporter sold 1,500 shares of the company’s stock in a transaction on Friday, July 21st. The stock was sold at an average price of $18.00, for a total value of $27,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director R Scott Smith, Jr. sold 5,539 shares of the company’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $18.35, for a total value of $101,640.65. The disclosure for this sale can be found here. Insiders sold 26,348 shares of company stock valued at $484,312 over the last 90 days. 0.68% of the stock is currently owned by corporate insiders.

About Fulton Financial Corporation

Fulton Financial Corporation is a financial holding company. The Company is the bank holding company of Fulton Bank N.A. (the Bank). As of December 31, 2016, the Company’s six subsidiary banks were located primarily in suburban or semi-rural geographic markets throughout a five-state region (Pennsylvania, Delaware, Maryland, New Jersey and Virginia).

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Institutional Ownership by Quarter for Fulton Financial Corporation (NASDAQ:FULT)

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