Great West Life Assurance Co. Can increased its stake in Fulton Financial Corporation (NASDAQ:FULT) by 7.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 107,929 shares of the bank’s stock after buying an additional 7,746 shares during the period. Great West Life Assurance Co. Can owned 0.06% of Fulton Financial Corporation worth $2,045,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of FULT. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Fulton Financial Corporation by 64.5% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,202 shares of the bank’s stock valued at $129,000 after buying an additional 2,824 shares during the last quarter. River Wealth Advisors LLC purchased a new stake in shares of Fulton Financial Corporation during the first quarter valued at $182,000. Capital Fund Management S.A. purchased a new stake in shares of Fulton Financial Corporation during the first quarter valued at $184,000. Jane Street Group LLC purchased a new stake in shares of Fulton Financial Corporation during the first quarter valued at $184,000. Finally, Invictus RG purchased a new stake in shares of Fulton Financial Corporation during the first quarter valued at $186,000. Institutional investors and hedge funds own 62.30% of the company’s stock.

Shares of Fulton Financial Corporation (NASDAQ:FULT) opened at 17.60 on Friday. The stock has a market cap of $3.08 billion, a PE ratio of 17.78 and a beta of 1.16. Fulton Financial Corporation has a 12 month low of $14.04 and a 12 month high of $19.90. The stock has a 50 day moving average of $18.05 and a 200 day moving average of $18.28.

Fulton Financial Corporation (NASDAQ:FULT) last issued its quarterly earnings data on Tuesday, July 18th. The bank reported $0.26 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.26. Fulton Financial Corporation had a net margin of 20.86% and a return on equity of 8.02%. The company had revenue of $193.93 million during the quarter, compared to the consensus estimate of $194.02 million. During the same quarter last year, the company earned $0.23 earnings per share. On average, equities analysts anticipate that Fulton Financial Corporation will post $1.06 earnings per share for the current fiscal year.

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Several brokerages recently weighed in on FULT. Boenning Scattergood reissued a “hold” rating on shares of Fulton Financial Corporation in a research report on Wednesday, July 19th. Zacks Investment Research upgraded shares of Fulton Financial Corporation from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research note on Tuesday, July 25th. ValuEngine upgraded shares of Fulton Financial Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. Keefe, Bruyette & Woods set a $18.00 price target on shares of Fulton Financial Corporation and gave the stock a “hold” rating in a research note on Monday, May 22nd. Finally, BidaskClub cut shares of Fulton Financial Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $18.33.

In related news, Director R Scott Smith, Jr. sold 5,539 shares of the firm’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $18.35, for a total transaction of $101,640.65. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Craig A. Roda sold 19,309 shares of the firm’s 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. Insiders have sold 26,348 shares of company stock valued at $484,312 in the last three months. Corporate insiders own 0.68% 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).

Institutional Ownership by Quarter for Fulton Financial Corporation (NASDAQ:FULT)

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