Insider Selling: Craig H. Hill Sells 14,426 Shares of Fulton Financial Corp Stock (FULT)
Fulton Financial Corp (NASDAQ:FULT) EVP Craig H. Hill sold 14,426 shares of the company’s stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $12.52, for a total transaction of $180,613.52. Following the transaction, the executive vice president now directly owns 31,265 shares of the company’s stock, valued at approximately $391,438. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Credit Suisse downgraded shares of Fulton Financial Corp from an “outperform” rating to a “market perform” rating in a research note on Monday, May 19th. They now have a $14.00 price target on the stock. Separately, analysts at Keefe, Bruyette & Woods upgraded shares of Fulton Financial Corp from a “market perform” rating to an “outperform” rating in a research note on Friday, May 16th. They now have a $14.00 price target on the stock. Finally, analysts at Drexel Hamilton initiated coverage on shares of Fulton Financial Corp in a research note on Thursday, May 8th. They set a “hold” rating on the stock. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $13.44.
Shares of Fulton Financial Corp (NASDAQ:FULT) traded up 1.29% on Thursday, hitting $12.56. 472,210 shares of the company’s stock traded hands. Fulton Financial Corp has a 1-year low of $11.22 and a 1-year high of $13.40. The stock’s 50-day moving average is $12.2 and its 200-day moving average is $12.45. The company has a market cap of $2.373 billion and a price-to-earnings ratio of 14.59.
Fulton Financial Corp (NASDAQ:FULT) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $0.22 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.20 by $0.02. The company had revenue of $129.60 million for the quarter, compared to the consensus estimate of $134.37 million. During the same quarter in the prior year, the company posted $0.20 earnings per share. Analysts expect that Fulton Financial Corp will post $0.88 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend is Friday, June 27th.
Fulton Financial Corporation is a multi-bank financial holding company. The Company provides a range of banking and financial services to businesses and consumers through its six wholly owned banking subsidiaries: Fulton Bank, N.
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