The Teacher Retirement System of Texas reached $330,000 position of Fulton Financial Corp. (FULT)

The Teacher Retirement System of Texas reached $330,000 position  of Fulton Financial Corp. (FULT)

Teacher Retirement System of Texas increased its position in shares of Fulton Financial Corp. (NASDAQ:FULT) by 13.8% during the second quarter, according to its most recent filing with the SEC. The firm owned 24,408 shares of the company’s stock after buying an additional 2,951 shares during the period. Teacher Retirement System of Texas’ holdings in Fulton Financial Corp. were worth $330,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Victory Capital Management Inc. boosted its stake in shares of Fulton Financial Corp. by 77.3% in the second quarter. Victory Capital Management Inc. now owns 7,989 shares of the company’s stock worth $108,000 after buying an additional 3,484 shares during the period. Wesbanco Bank Inc. boosted its stake in shares of Fulton Financial Corp. by 17.4% in the second quarter. Wesbanco Bank Inc. now owns 36,732 shares of the company’s stock worth $496,000 after buying an additional 5,432 shares during the period. UBS Asset Management Americas Inc. boosted its stake in shares of Fulton Financial Corp. by 1.1% in the second quarter. UBS Asset Management Americas Inc. now owns 157,041 shares of the company’s stock worth $2,120,000 after buying an additional 1,657 shares during the period. Nationwide Fund Advisors boosted its stake in shares of Fulton Financial Corp. by 4.5% in the second quarter. Nationwide Fund Advisors now owns 586,795 shares of the company’s stock worth $7,922,000 after buying an additional 25,520 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of Fulton Financial Corp. by 26.1% in the second quarter. JPMorgan Chase & Co. now owns 2,070,784 shares of the company’s stock worth $27,956,000 after buying an additional 428,921 shares during the period. Hedge funds and other institutional investors own 59.12% of the company’s stock.

Fulton Financial Corp. (NASDAQ:FULT) opened at 14.35 on Friday. The company has a 50-day moving average price of $14.43 and a 200 day moving average price of $13.89. The company has a market cap of $2.48 billion, a PE ratio of 16.53 and a beta of 1.19. Fulton Financial Corp. has a 12-month low of $11.48 and a 12-month high of $14.86.

Fulton Financial Corp. (NASDAQ:FULT) last released its quarterly earnings results on Tuesday, July 19th. The company reported $0.23 earnings per share for the quarter, topping 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 forecast that Fulton Financial Corp. will post $0.91 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Shareholders 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 annualized dividend and a yield of 2.82%. Fulton Financial Corp.’s dividend payout ratio is presently 45.98%.

A number of analysts have weighed in on the company. Zacks Investment Research cut Fulton Financial Corp. from a “hold” rating to a “sell” rating in a research report on Thursday. Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of Fulton Financial Corp. in a research report on Wednesday. Hovde Group initiated coverage on Fulton Financial Corp. in a report on Monday, September 12th. They set an “outperform” rating and a $16.00 target price on the stock. Finally, FBR & Co restated a “hold” rating on shares of Fulton Financial Corp. in a report on Wednesday, July 20th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $14.25.

In related news, COO Philmer H. Rohrbaugh acquired 14,000 shares of the company’s stock in a transaction on 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 legal filing with the SEC, which is available through this link. Also, Director James R. Moxley III acquired 9,896 shares of the company’s stock in a transaction on Wednesday, July 27th. The stock was bought 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 owned by company 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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