Numeric Investors LLC boosted its holdings in Fulton Financial Corporation (NASDAQ:FULT) by 189.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 76,300 shares of the bank’s stock after buying an additional 49,900 shares during the period. Numeric Investors LLC’s holdings in Fulton Financial Corporation were worth $1,450,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Wagner Bowman Management Corp lifted its holdings in Fulton Financial Corporation by 0.6% in the second quarter. Wagner Bowman Management Corp now owns 12,178 shares of the bank’s stock valued at $231,000 after buying an additional 74 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in Fulton Financial Corporation by 0.5% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 15,522 shares of the bank’s stock valued at $295,000 after buying an additional 77 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Fulton Financial Corporation by 0.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 25,513 shares of the bank’s stock valued at $485,000 after buying an additional 82 shares during the period. Teacher Retirement System of Texas lifted its holdings in Fulton Financial Corporation by 1.4% in the second quarter. Teacher Retirement System of Texas now owns 13,976 shares of the bank’s stock valued at $266,000 after buying an additional 192 shares during the period. Finally, Amalgamated Bank lifted its holdings in Fulton Financial Corporation by 0.8% in the second quarter. Amalgamated Bank now owns 24,388 shares of the bank’s stock valued at $463,000 after buying an additional 195 shares during the period. Institutional investors and hedge funds own 62.99% of the company’s stock.

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Shares of Fulton Financial Corporation (NASDAQ FULT) opened at 18.95 on Monday. The stock’s 50 day moving average is $17.81 and its 200 day moving average is $18.08. The company has a market cap of $3.32 billion, a P/E ratio of 19.14 and a beta of 1.17. Fulton Financial Corporation has a 12 month low of $14.04 and a 12 month high of $19.90.

Fulton Financial Corporation (NASDAQ:FULT) last announced its quarterly earnings results on Tuesday, July 18th. The bank reported $0.26 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.26. The business had revenue of $193.93 million during the quarter, compared to analyst estimates of $194.02 million. Fulton Financial Corporation had a net margin of 20.86% and a return on equity of 8.02%. During the same quarter in the previous year, the business posted $0.23 EPS. On average, analysts anticipate that Fulton Financial Corporation will post $1.06 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Monday, October 2nd will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, September 29th. This represents a $0.44 dividend on an annualized basis and a yield of 2.32%. 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 business’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $18.35, for a total transaction of $101,640.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Craig A. Roda sold 19,309 shares of the business’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $18.42, for a total transaction of $355,671.78. The disclosure for this sale can be found here. Insiders have sold a total of 26,348 shares of company stock valued at $484,312 in the last 90 days. 0.68% of the stock is currently owned by company insiders.

Several equities analysts recently weighed in on the stock. BidaskClub lowered shares of Fulton Financial Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. Zacks Investment Research upgraded shares of Fulton Financial Corporation from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a report on Tuesday, July 25th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $17.50 price objective on shares of Fulton Financial Corporation in a report on Tuesday, October 3rd. Jefferies Group LLC restated a “hold” rating and issued a $20.00 price objective on shares of Fulton Financial Corporation in a report on Friday, September 15th. Finally, Boenning Scattergood restated a “hold” rating on shares of Fulton Financial Corporation in a report on Wednesday, July 19th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $18.25.

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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