Fulton Financial Corp. (NASDAQ:FULT) EVP Meg R. Mueller sold 13,828 shares of Fulton Financial Corp. stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $17.66, for a total transaction of $244,202.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Fulton Financial Corp. (NASDAQ:FULT) traded down 0.57% during trading on Wednesday, hitting $17.55. 1,159,168 shares of the company traded hands. The firm has a 50 day moving average of $14.94 and a 200 day moving average of $14.15. Fulton Financial Corp. has a one year low of $11.48 and a one year high of $17.98. The firm has a market cap of $3.04 billion, a P/E ratio of 19.29 and a beta of 0.96.

Fulton Financial Corp. (NASDAQ:FULT) last issued its quarterly earnings results on Tuesday, October 18th. The company reported $0.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.01. The business earned $130.57 million during the quarter, compared to the consensus estimate of $136.49 million. Fulton Financial Corp. had a net margin of 20.23% and a return on equity of 7.57%. The firm’s quarterly revenue was down 23.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.20 EPS. On average, analysts expect that Fulton Financial Corp. will post $0.93 earnings per share for the current fiscal year.

Several analysts have commented on the stock. Zacks Investment Research raised shares of Fulton Financial Corp. from a “sell” rating to a “hold” rating and set a $17.00 target price for the company in a research note on Friday, October 21st. FBR & Co boosted their price objective on shares of Fulton Financial Corp. from $14.00 to $15.00 and gave the company a “mkt perform” rating in a research note on Thursday, October 20th. Keefe, Bruyette & Woods reissued a “market perform” rating on shares of Fulton Financial Corp. in a research note on Wednesday, October 12th. Finally, Hovde Group assumed coverage on shares of Fulton Financial Corp. in a research note on Monday, September 12th. They set an “outperform” rating and a $16.00 price objective for the company. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $15.00.

Several large investors have recently modified their holdings of the stock. BlackRock Group LTD increased its stake in shares of Fulton Financial Corp. by 20.5% in the first quarter. BlackRock Group LTD now owns 147,334 shares of the company’s stock valued at $1,972,000 after buying an additional 25,069 shares during the period. Riverhead Capital Management LLC increased its stake in shares of Fulton Financial Corp. by 4.3% in the first quarter. Riverhead Capital Management LLC now owns 45,045 shares of the company’s stock valued at $603,000 after buying an additional 1,845 shares during the period. Geode Capital Management LLC increased its stake in shares of Fulton Financial Corp. by 1.5% in the first quarter. Geode Capital Management LLC now owns 1,528,130 shares of the company’s stock valued at $20,446,000 after buying an additional 22,668 shares during the period. Metropolitan Life Insurance Co. NY increased its stake in shares of Fulton Financial Corp. by 1.9% in the first quarter. Metropolitan Life Insurance Co. NY now owns 275,223 shares of the company’s stock valued at $3,682,000 after buying an additional 5,057 shares during the period. Finally, BNP Paribas Arbitrage SA increased its stake in shares of Fulton Financial Corp. by 67,784.1% in the second quarter. BNP Paribas Arbitrage SA now owns 89,607 shares of the company’s stock valued at $1,210,000 after buying an additional 89,475 shares during the period. Institutional investors and hedge funds own 59.02% of the company’s stock.

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.

5 Day Chart for NASDAQ:FULT

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