Fulton Financial Corp. (NASDAQ:FULT) will be announcing its Q316 earnings results on Tuesday, October 18th. Analysts expect the company to announce earnings of $0.23 per share and revenue of $136.49 million for the quarter.
Fulton Financial Corp. (NASDAQ:FULT) last announced its quarterly earnings results on Tuesday, July 19th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 expect Fulton Financial Corp. to post $0.91 EPS for the current fiscal year and $0.93 EPS for the next fiscal year.
Shares of Fulton Financial Corp. (NASDAQ:FULT) opened at 14.16 on Friday. The firm has a market capitalization of $2.45 billion, a price-to-earnings ratio of 16.31 and a beta of 1.19. The stock’s 50 day moving average price is $14.43 and its 200 day moving average price is $13.89. Fulton Financial Corp. has a one year low of $11.48 and a one year high of $14.86.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be issued a $0.10 dividend. The ex-dividend date is Wednesday, September 28th. This represents a $0.40 dividend on an annualized basis and a yield of 2.82%. Fulton Financial Corp.’s dividend payout ratio is presently 45.98%.
In other Fulton Financial Corp. news, COO Philmer H. Rohrbaugh acquired 14,000 shares of the stock in a transaction dated Tuesday, August 16th. The stock was purchased at an average cost of $13.96 per share, with a total value of $195,440.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 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. Company insiders own 0.75% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Profund Advisors LLC raised its position in Fulton Financial Corp. by 10.8% in the second quarter. Profund Advisors LLC now owns 33,183 shares of the company’s stock valued at $448,000 after buying an additional 3,233 shares during the period. Stevens Capital Management LP acquired a new position in Fulton Financial Corp. during the second quarter valued at $577,000. Teachers Advisors Inc. raised its position in Fulton Financial Corp. by 1.9% in the second quarter. Teachers Advisors Inc. now owns 1,579,217 shares of the company’s stock valued at $21,319,000 after buying an additional 29,427 shares during the period. TFS Capital LLC acquired a new position in Fulton Financial Corp. during the second quarter valued at $218,000. Finally, United Services Automobile Association raised its position in Fulton Financial Corp. by 2.9% in the second quarter. United Services Automobile Association now owns 24,470 shares of the company’s stock valued at $330,000 after buying an additional 700 shares during the period. 59.12% of the stock is owned by hedge funds and other institutional investors.
FULT has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded Fulton Financial Corp. from a “hold” rating to a “sell” rating in a report on Thursday. Hovde Group initiated coverage on Fulton Financial Corp. in a report on Monday, September 12th. They issued an “outperform” rating and a $16.00 price objective for the company. Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of Fulton Financial Corp. in a report on Wednesday. Finally, FBR & Co reiterated a “hold” rating on shares of Fulton Financial Corp. in a report on Wednesday, July 20th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $14.25.
Fulton Financial Corp. Company Profile