Fulton Financial Corp. (NASDAQ:FULT) declared a special dividend on Wednesday, November 23rd. Investors of record on Friday, December 2nd will be paid a dividend of 0.02 per share on Thursday, December 15th. This represents a yield of 2.19%. The ex-dividend date of this dividend is Wednesday, November 30th.
Fulton Financial Corp. (NASDAQ:FULT) opened at 17.85 on Tuesday. Fulton Financial Corp. has a one year low of $11.48 and a one year high of $18.40. The company has a 50-day moving average price of $15.74 and a 200-day moving average price of $14.40. The stock has a market cap of $3.09 billion, a P/E ratio of 19.62 and a beta of 0.96.
Fulton Financial Corp. (NASDAQ:FULT) last issued its earnings results on Tuesday, October 18th. The company reported $0.24 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.01. The business earned $130.57 million during the quarter, compared to analysts’ expectations of $136.49 million. Fulton Financial Corp. had a return on equity of 7.57% and a net margin of 20.23%. Fulton Financial Corp.’s revenue was down 23.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.20 earnings per share. On average, analysts anticipate that Fulton Financial Corp. will post $0.93 earnings per share for the current year.
In other Fulton Financial Corp. news, insider Michael J. Deporter sold 1,509 shares of the firm’s stock in a transaction dated Thursday, November 17th. The stock was sold at an average price of $17.67, for a total transaction of $26,664.03. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO E Philip Wenger sold 22,258 shares of the firm’s stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $17.66, for a total value of $393,076.28. The disclosure for this sale can be found here. Company insiders own 0.75% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. BlackRock Investment Management LLC raised its position in Fulton Financial Corp. by 9.9% in the second quarter. BlackRock Investment Management LLC now owns 1,219,130 shares of the company’s stock valued at $16,458,000 after buying an additional 109,914 shares during the period. BlackRock Inc. raised its position in Fulton Financial Corp. by 46.5% in the second quarter. BlackRock Inc. now owns 101,874 shares of the company’s stock worth $1,375,000 after buying an additional 32,335 shares during the last quarter. BlackRock Fund Advisors raised its position in Fulton Financial Corp. by 1.3% in the second quarter. BlackRock Fund Advisors now owns 8,859,535 shares of the company’s stock worth $119,604,000 after buying an additional 116,436 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in Fulton Financial Corp. by 3.0% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 5,232,975 shares of the company’s stock worth $70,645,000 after buying an additional 150,581 shares during the last quarter. Finally, Comerica Bank raised its position in Fulton Financial Corp. by 2.4% in the second quarter. Comerica Bank now owns 118,978 shares of the company’s stock worth $1,664,000 after buying an additional 2,752 shares during the last quarter. Institutional investors own 59.22% of the company’s stock.
A number of research firms recently issued reports on FULT. Hovde Group began coverage on Fulton Financial Corp. in a research report on Monday, September 12th. They set an “outperform” rating and a $16.00 price objective for the company. Zacks Investment Research raised Fulton Financial Corp. from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company 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 price objective on Fulton Financial Corp. from $14.00 to $15.00 and gave the company a “mkt perform” rating in a research report on Thursday, October 20th. Six analysts have rated the stock with a hold rating, Fulton Financial Corp. currently has an average rating of “Hold” and a consensus price target of $15.70.
Fulton Financial Corp. Company Profile