Fulton Financial Co. (NASDAQ:FULT) EVP Sells $101,640.00 in Stock

Fulton Financial Co. (NASDAQ:FULT) EVP Daniel R. Stolzer sold 6,000 shares of the business’s stock in a transaction dated Thursday, October 21st. The shares were sold at an average price of $16.94, for a total value of $101,640.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of FULT opened at $15.97 on Thursday. The stock has a market capitalization of $2.60 billion, a PE ratio of 10.72 and a beta of 0.84. The company’s fifty day moving average is $15.62 and its 200 day moving average is $16.22. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.91 and a current ratio of 0.91. Fulton Financial Co. has a fifty-two week low of $10.27 and a fifty-two week high of $18.41.

Fulton Financial (NASDAQ:FULT) last posted its earnings results on Monday, October 18th. The bank reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.12. Fulton Financial had a net margin of 25.29% and a return on equity of 10.27%. The firm had revenue of $233.85 million for the quarter, compared to the consensus estimate of $219.08 million. During the same period in the previous year, the firm posted $0.38 EPS. The business’s quarterly revenue was up 7.6% on a year-over-year basis. As a group, research analysts forecast that Fulton Financial Co. will post 1.48 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 15th. Shareholders of record on Friday, October 1st were given a dividend of $0.14 per share. The ex-dividend date was Thursday, September 30th. This represents a $0.56 dividend on an annualized basis and a yield of 3.51%. Fulton Financial’s dividend payout ratio (DPR) is presently 51.85%.

Several large investors have recently bought and sold shares of the company. Jennison Associates LLC increased its position in shares of Fulton Financial by 59.8% during the 2nd quarter. Jennison Associates LLC now owns 119,195 shares of the bank’s stock valued at $1,881,000 after purchasing an additional 44,591 shares during the last quarter. SG Americas Securities LLC increased its position in Fulton Financial by 53.0% during the second quarter. SG Americas Securities LLC now owns 70,043 shares of the bank’s stock valued at $1,105,000 after acquiring an additional 24,259 shares during the last quarter. Avantax Advisory Services Inc. purchased a new stake in shares of Fulton Financial in the first quarter valued at $219,000. Geode Capital Management LLC lifted its holdings in shares of Fulton Financial by 2.0% in the 2nd quarter. Geode Capital Management LLC now owns 3,104,461 shares of the bank’s stock worth $48,988,000 after acquiring an additional 59,898 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Fulton Financial by 10.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,397 shares of the bank’s stock worth $243,000 after purchasing an additional 1,431 shares during the period. 62.97% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have issued reports on FULT. Zacks Investment Research raised shares of Fulton Financial from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a report on Tuesday. Raymond James reaffirmed a “hold” rating and set a $15.17 target price on shares of Fulton Financial in a research note on Monday, July 26th.

About Fulton Financial

Fulton Financial Corp. is financial holding company, which through its subsidiaries, engages in the provision of consumer and commercial banking products and services. It offers checking account and savings deposit products, certificates of deposit and individual retirement accounts. The company also offers investment management, trust, brokerage, insurance and investment advisory services to consumer and commercial banking customers in the market areas serviced by the subsidiary banks.

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