Fulton Financial Corp. (NASDAQ:FULT) announced a dividend on Wednesday, November 23rd. Stockholders of record on Friday, December 2nd will be paid a dividend of 0.02 per share on Thursday, December 15th. The ex-dividend date is Wednesday, November 30th.

Shares of Fulton Financial Corp. (NASDAQ:FULT) opened at 18.25 on Friday. The firm has a market cap of $3.16 billion, a price-to-earnings ratio of 20.05 and a beta of 0.96. The stock’s 50 day moving average price is $15.51 and its 200 day moving average price is $14.33. Fulton Financial Corp. has a 12 month low of $11.48 and a 12 month high of $18.30.

Fulton Financial Corp. (NASDAQ:FULT) last posted its quarterly earnings results on Tuesday, October 18th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the Zacks’ 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 firm earned $130.57 million during the quarter, compared to the consensus estimate of $136.49 million. During the same quarter in the previous year, the business earned $0.20 earnings per share. The firm’s quarterly revenue was down 23.4% compared to the same quarter last year. Equities research analysts predict that Fulton Financial Corp. will post $0.93 earnings per share for the current fiscal year.

Dividend History for Fulton Financial Corp. (NASDAQ:FULT)

In related news, EVP Curtis J. Myers sold 15,580 shares of the stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $14.34, for a total value of $223,417.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael J. Deporter sold 1,509 shares of the stock in a transaction dated Thursday, November 17th. The shares were sold at an average price of $17.67, for a total value of $26,664.03. The disclosure for this sale can be found here. 0.75% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Fund Advisors increased its position in shares of 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 in the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of 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 valued at $70,645,000 after buying an additional 150,581 shares during the last quarter. Teachers Advisors Inc. boosted its stake in shares of Fulton Financial Corp. by 1.9% in the second quarter. Teachers Advisors Inc. now owns 1,579,217 shares of the company’s stock valued at $21,319,000 after buying an additional 29,427 shares during the last quarter. BlackRock Investment Management LLC boosted its stake in shares of 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 last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of Fulton Financial Corp. by 7.2% in the third quarter. Principal Financial Group Inc. now owns 708,947 shares of the company’s stock valued at $10,294,000 after buying an additional 47,586 shares during the last quarter. 59.27% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have issued reports on the company. Zacks Investment Research raised Fulton Financial Corp. from a “sell” rating to a “hold” rating and set a $17.00 price target for the company in a research report on Friday, October 21st. Keefe, Bruyette & Woods reaffirmed a “market perform” rating on shares of Fulton Financial Corp. in a research report on Wednesday, October 12th. FBR & Co upped their target price on Fulton Financial Corp. from $14.00 to $15.00 and gave the stock a “mkt perform” rating in a research report on Thursday, October 20th. Finally, Hovde Group downgraded Fulton Financial Corp. from an “outperform” rating to a “market perform” rating and upped their target price for the stock from $16.50 to $19.00 in a research report on Friday, November 18th. Six equities research analysts have rated the stock with a hold rating, Fulton Financial Corp. has a consensus rating of “Hold” and a consensus target price of $15.70.

TRADEMARK VIOLATION NOTICE: This news story was first reported by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are viewing this news story on another domain, it was illegally copied and republished in violation of United States and international trademark and copyright law. The original version of this news story can be read at https://www.thecerbatgem.com/2016/11/25/fulton-financial-corp-fult-to-issue-dividend-of-0-02-on-december-15th.html.

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

Receive News & Stock Ratings for Fulton Financial Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fulton Financial Corp. and related stocks with our FREE daily email newsletter.