Michael J. Deporter Sells 1,509 Shares of Fulton Financial Corp. (FULT) Stock
Fulton Financial Corp. (NASDAQ:FULT) insider Michael J. Deporter sold 1,509 shares of the company’s stock in a transaction that occurred on Thursday, November 17th. The stock was sold at an average price of $17.67, for a total value of $26,664.03. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of Fulton Financial Corp. (NASDAQ:FULT) opened at 18.10 on Wednesday. Fulton Financial Corp. has a 12-month low of $11.48 and a 12-month high of $18.10. The firm has a 50-day moving average price of $15.33 and a 200 day moving average price of $14.27. The firm has a market cap of $3.14 billion, a price-to-earnings ratio of 19.89 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 consensus estimate of $0.23 by $0.01. The company earned $130.57 million during the quarter, compared to analyst estimates of $136.49 million. Fulton Financial Corp. had a return on equity of 7.57% and a net margin of 20.23%. The business’s revenue was down 23.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.20 EPS. On average, equities research analysts anticipate that Fulton Financial Corp. will post $0.93 earnings per share for the current fiscal year.
FULT has been the topic of a number of recent analyst reports. Hovde Group lowered Fulton Financial Corp. from an “outperform” rating to a “market perform” rating and upped their price objective for the stock from $16.50 to $19.00 in a report on Friday, November 18th. FBR & Co upped their price objective on Fulton Financial Corp. from $14.00 to $15.00 and gave the stock a “mkt perform” rating in a report on Thursday, October 20th. Zacks Investment Research raised Fulton Financial Corp. from a “sell” rating to a “hold” rating and set a $17.00 price objective on the stock in a report on Friday, October 21st. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating on shares of Fulton Financial Corp. in a report on Wednesday, October 12th. Six research analysts have rated the stock with a hold rating, Fulton Financial Corp. currently has a consensus rating of “Hold” and a consensus target price of $15.70.
Several hedge funds have recently made changes to their positions in the company. Capital Fund Management S.A. bought a new stake in shares of Fulton Financial Corp. during the second quarter valued at about $676,000. Wagner Bowman Management Corp increased its stake in shares of Fulton Financial Corp. by 0.6% in the second quarter. Wagner Bowman Management Corp now owns 11,878 shares of the company’s stock valued at $160,000 after buying an additional 74 shares during the period. Bank of Montreal Can bought a new stake in shares of Fulton Financial Corp. during the second quarter valued at about $172,000. RKL Wealth Management LLC increased its stake in shares of Fulton Financial Corp. by 63.3% in the second quarter. RKL Wealth Management LLC now owns 48,337 shares of the company’s stock valued at $671,000 after buying an additional 18,737 shares during the period. Finally, LS Investment Advisors LLC increased its stake in shares of Fulton Financial Corp. by 76.7% in the second quarter. LS Investment Advisors LLC now owns 10,458 shares of the company’s stock valued at $141,000 after buying an additional 4,538 shares during the period. 59.27% of the stock is currently owned by institutional investors and hedge funds.
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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