BidaskClub downgraded shares of Fulton Financial Corporation (NASDAQ:FULT) from a sell rating to a strong sell rating in a research report sent to investors on Saturday morning.

A number of other equities research analysts have also commented on FULT. Zacks Investment Research lowered Fulton Financial Corporation from a buy rating to a hold rating in a research report on Tuesday, August 1st. ValuEngine upgraded Fulton Financial Corporation from a hold rating to a buy rating in a research report on Thursday, August 3rd. Boenning Scattergood restated a hold rating on shares of Fulton Financial Corporation in a research report on Wednesday, July 19th. Stephens began coverage on Fulton Financial Corporation in a research report on Thursday, July 13th. They set an equal weight rating on the stock. Finally, Barclays PLC restated a sell rating and set a $18.00 price target (up from $17.00) on shares of Fulton Financial Corporation in a research report on Friday, April 21st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The company has an average rating of Hold and an average price target of $18.33.

Shares of Fulton Financial Corporation (NASDAQ FULT) traded down 0.58% on Friday, hitting $17.25. The stock had a trading volume of 1,027,407 shares. The stock has a market cap of $3.02 billion, a P/E ratio of 17.42 and a beta of 1.16. The firm’s 50-day moving average is $18.48 and its 200 day moving average is $18.35. Fulton Financial Corporation has a 1-year low of $13.59 and a 1-year high of $19.90.

Fulton Financial Corporation (NASDAQ:FULT) last released its quarterly earnings data on Tuesday, July 18th. The bank reported $0.26 earnings per share for the quarter, meeting the consensus estimate of $0.26. Fulton Financial Corporation had a return on equity of 8.02% and a net margin of 20.86%. The company had revenue of $193.93 million for the quarter, compared to analyst estimates of $194.02 million. During the same period in the prior year, the company posted $0.23 EPS. Equities analysts forecast that Fulton Financial Corporation will post $1.06 EPS for the current year.

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The firm also recently declared a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Monday, July 3rd were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Thursday, June 29th. This represents a $0.44 dividend on an annualized basis and a yield of 2.55%. Fulton Financial Corporation’s dividend payout ratio (DPR) is presently 44.44%.

In other Fulton Financial Corporation news, Director R Scott Smith, Jr. sold 5,539 shares of the stock in a transaction on Monday, July 31st. The stock was sold at an average price of $18.35, for a total value of $101,640.65. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Craig A. Roda sold 19,309 shares of the stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $18.42, for a total value of $355,671.78. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,348 shares of company stock worth $484,312. 0.68% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of Montreal Can raised its position in shares of Fulton Financial Corporation by 1.3% in the first quarter. Bank of Montreal Can now owns 12,971 shares of the bank’s stock worth $231,000 after buying an additional 169 shares during the last quarter. Capstone Asset Management Co. raised its position in shares of Fulton Financial Corporation by 0.5% in the first quarter. Capstone Asset Management Co. now owns 13,849 shares of the bank’s stock worth $247,000 after buying an additional 70 shares during the last quarter. Louisiana State Employees Retirement System raised its position in shares of Fulton Financial Corporation by 2.8% in the first quarter. Louisiana State Employees Retirement System now owns 44,000 shares of the bank’s stock worth $785,000 after buying an additional 1,200 shares during the last quarter. Nisa Investment Advisors LLC raised its position in shares of Fulton Financial Corporation by 1.6% in the first quarter. Nisa Investment Advisors LLC now owns 91,500 shares of the bank’s stock worth $1,633,000 after buying an additional 1,400 shares during the last quarter. Finally, Retirement Systems of Alabama raised its position in shares of Fulton Financial Corporation by 0.5% in the first quarter. Retirement Systems of Alabama now owns 224,761 shares of the bank’s stock worth $4,012,000 after buying an additional 1,009 shares during the last quarter. Hedge funds and other institutional investors own 62.08% of the company’s stock.

About Fulton Financial Corporation

Fulton Financial Corporation is a financial holding company. The Company is the bank holding company of Fulton Bank N.A. (the Bank). As of December 31, 2016, the Company’s six subsidiary banks were located primarily in suburban or semi-rural geographic markets throughout a five-state region (Pennsylvania, Delaware, Maryland, New Jersey and Virginia).

Analyst Recommendations for Fulton Financial Corporation (NASDAQ:FULT)

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