Fulton Financial Corp. (FULT) Scheduled to Post Earnings on Tuesday
Fulton Financial Corp. (NASDAQ:FULT) is scheduled to release its Q316 earnings data on Tuesday, October 18th. Analysts expect Fulton Financial Corp. to post earnings of $0.23 per share and revenue of $136.49 million for the quarter.
Shares of Fulton Financial Corp. (NASDAQ:FULT) opened at 14.26 on Monday. Fulton Financial Corp. has a 52 week low of $11.48 and a 52 week high of $14.86. The company has a 50 day moving average of $14.44 and a 200 day moving average of $13.89. The firm has a market cap of $2.47 billion, a PE ratio of 16.43 and a beta of 1.19.
The firm also recently announced a quarterly dividend, which was paid on Friday, October 14th. Investors of record on Friday, September 30th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.81%. The ex-dividend date was Wednesday, September 28th. Fulton Financial Corp.’s payout ratio is 45.98%.
In other Fulton Financial Corp. news, EVP Curtis J. Myers sold 15,580 shares of Fulton Financial Corp. stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $14.34, for a total transaction of $223,417.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James R. Moxley III purchased 9,896 shares of the company’s stock in a transaction on Wednesday, July 27th. The shares were purchased 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.
Several large investors have recently added to or reduced their stakes in the stock. BlackRock Fund Advisors raised its stake 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 period. BlackRock Institutional Trust Company N.A. raised its stake 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 period. Teachers Advisors Inc. raised its stake 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 worth $21,319,000 after buying an additional 29,427 shares during the period. BlackRock Investment Management LLC raised its stake 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 worth $16,458,000 after buying an additional 109,914 shares during the period. Finally, Allianz Asset Management AG raised its stake in Fulton Financial Corp. by 24.3% in the second quarter. Allianz Asset Management AG now owns 159,732 shares of the company’s stock worth $2,157,000 after buying an additional 31,262 shares during the period. 59.12% of the stock is owned by institutional investors.
Several equities analysts recently commented on FULT shares. Zacks Investment Research upgraded Fulton Financial Corp. from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research report on Tuesday, September 20th. Hovde Group started coverage on Fulton Financial Corp. in a research report on Monday, September 12th. They set an “outperform” rating and a $16.00 target price for the company. Keefe, Bruyette & Woods restated a “market perform” rating on shares of Fulton Financial Corp. in a research report on Wednesday, October 12th. Finally, FBR & Co restated a “hold” rating on shares of Fulton Financial Corp. in a research report on Wednesday, July 20th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. Fulton Financial Corp. presently has a consensus rating of “Hold” and an average target price of $14.25.
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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