Fulton Financial Corp. (NASDAQ:FULT) announced a dividend on Wednesday, November 23rd. Shareholders of record on Friday, December 2nd will be paid a dividend of 0.02 per share on Thursday, December 15th. The ex-dividend date of this dividend is Wednesday, November 30th.
Shares of Fulton Financial Corp. (NASDAQ:FULT) opened at 18.25 on Friday. The firm has a market cap of $3.16 billion, a PE ratio of 20.05 and a beta of 0.96. Fulton Financial Corp. has a 52 week low of $11.48 and a 52 week high of $18.30. The firm’s 50-day moving average price is $15.51 and its 200 day moving average price is $14.33.
Fulton Financial Corp. (NASDAQ:FULT) last released its earnings results on Tuesday, October 18th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. Fulton Financial Corp. had a return on equity of 7.57% and a net margin of 20.23%. The business had revenue of $130.57 million for the quarter, compared to the consensus estimate of $136.49 million. During the same period last year, the business earned $0.20 earnings per share. The firm’s revenue for the quarter was down 23.4% compared to the same quarter last year. Equities analysts anticipate that Fulton Financial Corp. will post $0.93 EPS for the current year.
In other news, CEO E Philip Wenger sold 22,258 shares of Fulton Financial Corp. stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $17.66, for a total value of $393,076.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Curtis J. Myers sold 9,068 shares of Fulton Financial Corp. stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $17.61, for a total transaction of $159,687.48. The disclosure for this sale can be found here. Company insiders own 0.75% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. 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 worth $133,000 after buying an additional 9,825 shares during the period. SevenBridge Financial Group LLC purchased a new position in Fulton Financial Corp. during the second quarter worth about $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 worth $161,000 after buying an additional 184 shares during the period. TFS Capital LLC purchased a new position in Fulton Financial Corp. during the second quarter worth about $218,000. Finally, Cetera Advisor Networks LLC purchased a new position in Fulton Financial Corp. during the third quarter worth about $225,000. Institutional investors own 59.27% of the company’s stock.
A number of equities research analysts recently weighed in on FULT shares. Hovde Group downgraded Fulton Financial Corp. from an “outperform” rating to a “market perform” rating and lifted their target price for the stock from $16.50 to $19.00 in a research report on Friday, November 18th. Zacks Investment Research raised Fulton Financial Corp. from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research report on Tuesday, September 20th. Keefe, Bruyette & Woods reissued a “market perform” rating on shares of Fulton Financial Corp. in a research report on Wednesday, October 12th. Finally, FBR & Co lifted their target price on Fulton Financial Corp. from $14.00 to $15.00 and gave the stock a “mkt perform” rating in a research report on Thursday, October 20th. Six analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and an average price target of $15.70.
About Fulton Financial Corp.