Fulton Financial Co. (NASDAQ:FULT - Get Free Report) President Angela M. Snyder sold 13,322 shares of the business's stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $20.69, for a total transaction of $275,632.18. Following the completion of the transaction, the president now owns 63,682 shares of the company's stock, valued at $1,317,580.58. This represents a 17.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Fulton Financial stock traded up $0.02 during mid-day trading on Monday, hitting $20.58. The company had a trading volume of 1,574,870 shares, compared to its average volume of 1,714,061. The company has a current ratio of 0.90, a quick ratio of 0.93 and a debt-to-equity ratio of 0.32. Fulton Financial Co. has a 12-month low of $13.87 and a 12-month high of $22.49. The company's fifty day moving average is $20.46 and its 200-day moving average is $19.17. The company has a market capitalization of $3.75 billion, a price-to-earnings ratio of 13.11 and a beta of 0.79.
Fulton Financial (NASDAQ:FULT - Get Free Report) last released its quarterly earnings data on Tuesday, January 21st. The bank reported $0.48 EPS for the quarter, topping the consensus estimate of $0.42 by $0.06. Fulton Financial had a return on equity of 11.41% and a net margin of 15.87%. During the same period last year, the firm posted $0.42 EPS. Equities research analysts predict that Fulton Financial Co. will post 1.79 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 3.50%. The ex-dividend date was Tuesday, December 31st. This is a positive change from Fulton Financial's previous quarterly dividend of $0.17. Fulton Financial's dividend payout ratio is currently 45.86%.
Hedge funds have recently bought and sold shares of the stock. Millennium Management LLC raised its stake in Fulton Financial by 511.1% in the 2nd quarter. Millennium Management LLC now owns 3,256,000 shares of the bank's stock valued at $55,287,000 after purchasing an additional 2,723,170 shares during the last quarter. Emerald Advisers LLC increased its stake in shares of Fulton Financial by 213.6% in the 3rd quarter. Emerald Advisers LLC now owns 1,307,559 shares of the bank's stock worth $23,706,000 after acquiring an additional 890,630 shares during the last quarter. Emerald Mutual Fund Advisers Trust increased its stake in shares of Fulton Financial by 272.2% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 861,691 shares of the bank's stock worth $15,622,000 after acquiring an additional 630,152 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Fulton Financial by 710.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 699,652 shares of the bank's stock worth $11,880,000 after acquiring an additional 613,272 shares during the last quarter. Finally, State Street Corp increased its stake in shares of Fulton Financial by 4.4% in the 3rd quarter. State Street Corp now owns 10,544,159 shares of the bank's stock worth $191,166,000 after acquiring an additional 444,219 shares during the last quarter. Hedge funds and other institutional investors own 72.02% of the company's stock.
Several equities analysts have recently issued reports on FULT shares. Hovde Group upped their price objective on shares of Fulton Financial from $22.00 to $22.50 and gave the company a "market perform" rating in a report on Monday. StockNews.com upgraded shares of Fulton Financial from a "sell" rating to a "hold" rating in a report on Thursday. Stephens upgraded shares of Fulton Financial from an "equal weight" rating to an "overweight" rating in a report on Monday, December 9th. Keefe, Bruyette & Woods upped their price objective on shares of Fulton Financial from $23.00 to $24.00 and gave the company a "market perform" rating in a report on Thursday. Finally, DA Davidson upped their price objective on shares of Fulton Financial from $21.00 to $22.00 and gave the company a "neutral" rating in a report on Friday. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $20.64.
View Our Latest Stock Analysis on Fulton Financial
Fulton Financial Corporation operates as a financial holding company that provides consumer and commercial banking products and services in Pennsylvania, Delaware, Maryland, New Jersey, and Virginia. It accepts various checking accounts and savings deposit products, certificates of deposit, and individual retirement accounts.
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