Fulton Financial Corp. (FULT) CEO E Philip Wenger Sells 22,258 Shares
Fulton Financial Corp. (NASDAQ:FULT) CEO E Philip Wenger sold 22,258 shares of the stock in a transaction 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 SEC, which can be accessed through this hyperlink.
Fulton Financial Corp. (NASDAQ:FULT) traded down 0.57% on Wednesday, hitting $17.55. The stock had a trading volume of 1,159,168 shares. Fulton Financial Corp. has a 52-week low of $11.48 and a 52-week high of $17.98. The company has a 50 day moving average price of $14.94 and a 200-day moving average price of $14.15. The company has a market cap of $3.04 billion, a price-to-earnings ratio of 19.29 and a beta of 0.96.
Fulton Financial Corp. (NASDAQ:FULT) last announced its earnings results on Tuesday, October 18th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 company had revenue of $130.57 million for the quarter, compared to analyst estimates of $136.49 million. During the same period in the prior year, the company posted $0.20 EPS. The firm’s quarterly revenue was down 23.4% compared to the same quarter last year. On average, equities research analysts predict that Fulton Financial Corp. will post $0.93 earnings per share for the current year.
FULT has been the topic of several recent analyst reports. Zacks Investment Research raised Fulton Financial Corp. from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research report on Tuesday, September 20th. FBR & Co reaffirmed a “hold” rating on shares of Fulton Financial Corp. in a research report on Wednesday, July 20th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating on shares of Fulton Financial Corp. in a research report on Wednesday, October 12th. Finally, Hovde Group initiated coverage on Fulton Financial Corp. in a research report on Monday, September 12th. They set an “outperform” rating and a $16.00 price objective on the stock. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $15.00.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Fulton Bank N.A. increased its stake in Fulton Financial Corp. by 5,663.8% in the second quarter. Fulton Bank N.A. now owns 1,803,660 shares of the company’s stock valued at $24,350,000 after buying an additional 1,772,367 shares during the last quarter. Foundry Partners LLC purchased a new stake in Fulton Financial Corp. during the second quarter valued at $12,236,000. Dimensional Fund Advisors LP increased its stake in Fulton Financial Corp. by 5.2% in the second quarter. Dimensional Fund Advisors LP now owns 13,548,422 shares of the company’s stock valued at $182,902,000 after buying an additional 673,829 shares during the last quarter. BlackRock Fund Advisors increased its stake in Fulton Financial Corp. by 6.1% in the third quarter. BlackRock Fund Advisors now owns 9,400,145 shares of the company’s stock valued at $136,490,000 after buying an additional 540,610 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in Fulton Financial Corp. by 3.8% in the second quarter. Vanguard Group Inc. now owns 13,009,839 shares of the company’s stock valued at $175,633,000 after buying an additional 480,635 shares during the last quarter. 59.02% of the stock is currently owned by institutional investors.
Fulton Financial Corp. Company Profile
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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