Nationwide Fund Advisors trimmed its holdings in Fulton Financial Corporation (NASDAQ:FULT) by 4.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 529,279 shares of the bank’s stock after selling 22,865 shares during the period. Nationwide Fund Advisors owned about 0.30% of Fulton Financial worth $9,924,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Fulton Financial by 2.1% in the second quarter. Vanguard Group Inc. now owns 15,089,443 shares of the bank’s stock valued at $286,699,000 after acquiring an additional 314,230 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Fulton Financial by 0.8% in the second quarter. Dimensional Fund Advisors LP now owns 14,443,398 shares of the bank’s stock worth $274,426,000 after buying an additional 112,692 shares in the last quarter. State Street Corp lifted its position in shares of Fulton Financial by 4.0% in the second quarter. State Street Corp now owns 9,239,829 shares of the bank’s stock worth $175,556,000 after buying an additional 353,566 shares in the last quarter. Alliancebernstein L.P. lifted its position in shares of Fulton Financial by 0.6% in the second quarter. Alliancebernstein L.P. now owns 5,009,090 shares of the bank’s stock worth $95,173,000 after buying an additional 29,669 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Fulton Financial by 10.2% in the second quarter. Northern Trust Corp now owns 4,314,514 shares of the bank’s stock worth $81,976,000 after buying an additional 399,323 shares in the last quarter. Institutional investors and hedge funds own 62.74% of the company’s stock.

Shares of Fulton Financial Corporation (NASDAQ:FULT) opened at $18.25 on Thursday. Fulton Financial Corporation has a 52-week low of $16.45 and a 52-week high of $19.90. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market capitalization of $3,226.62, a PE ratio of 17.89 and a beta of 1.17.

Fulton Financial (NASDAQ:FULT) last issued its quarterly earnings data on Tuesday, October 17th. The bank reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. Fulton Financial had a return on equity of 8.28% and a net margin of 21.15%. The business had revenue of $194.19 million for the quarter, compared to the consensus estimate of $200.00 million. During the same period in the prior year, the business posted $0.24 earnings per share. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. analysts anticipate that Fulton Financial Corporation will post 1.05 EPS for the current fiscal year.

The business also recently disclosed a special dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.03 per share. The ex-dividend date is Thursday, November 30th. This is an increase from Fulton Financial’s previous special dividend of $0.02. This represents a yield of 2.42%. Fulton Financial’s dividend payout ratio is 42.72%.

A number of equities research analysts recently commented on the company. Piper Jaffray Companies reiterated a “hold” rating and issued a $18.00 target price on shares of Fulton Financial in a research report on Thursday, October 19th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $17.00 target price on shares of Fulton Financial in a research report on Thursday, October 19th. Zacks Investment Research upgraded Fulton Financial from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research report on Wednesday, September 20th. Jefferies Group reiterated a “hold” rating and issued a $20.00 target price on shares of Fulton Financial in a research report on Friday, September 15th. Finally, BidaskClub downgraded Fulton Financial from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 12th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $18.60.

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About Fulton Financial

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).

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

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