Fulton Financial Corp. (FULT) Scheduled to Post Earnings on Tuesday
Fulton Financial Corp. (NASDAQ:FULT) is scheduled to be issuing its Q316 quarterly earnings data on Tuesday, October 18th. Analysts expect the company to announce earnings of $0.23 per share and revenue of $136.49 million for the quarter.
Shares of Fulton Financial Corp. (NASDAQ:FULT) opened at 14.26 on Monday. Fulton Financial Corp. has a 1-year low of $11.48 and a 1-year high of $14.86. The stock has a 50 day moving average price of $14.44 and a 200-day moving average price of $13.89. The company has a market cap of $2.47 billion, a price-to-earnings ratio of 16.43 and a beta of 1.19.
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 14th. Stockholders of record on Friday, September 30th were given a dividend of $0.10 per share. The ex-dividend date was Wednesday, September 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.81%. Fulton Financial Corp.’s payout ratio is 45.98%.
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In other news, COO Philmer H. Rohrbaugh acquired 14,000 shares of the firm’s stock in a transaction on Tuesday, August 16th. The stock was acquired at an average price of $13.96 per share, with a total value of $195,440.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James R. Moxley III acquired 9,896 shares of the firm’s stock in a transaction on Wednesday, July 27th. The stock was purchased at an average cost of $13.71 per share, with a total value of $135,674.16. The disclosure for this purchase can be found here. 0.75% of the stock is currently owned by company insiders.
A number of hedge funds have recently made changes to their positions in the company. AHL Partners LLP purchased a new stake in shares of Fulton Financial Corp. during the second quarter valued at about $294,000. SevenBridge Financial Group LLC bought a new stake in Fulton Financial Corp. during the second quarter valued at $154,000. Paloma Partners Management Co increased its stake in Fulton Financial Corp. by 8.9% in the second quarter. Paloma Partners Management Co now owns 18,305 shares of the company’s stock valued at $247,000 after buying an additional 1,503 shares in the last quarter. Citadel Advisors LLC bought a new stake in Fulton Financial Corp. during the second quarter valued at $524,000. Finally, Jefferies Group LLC bought a new stake in Fulton Financial Corp. during the second quarter valued at $259,000. 59.12% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have recently weighed in on FULT shares. Zacks Investment Research upgraded Fulton Financial Corp. from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Tuesday, June 21st. FBR & Co restated a “hold” rating on shares of Fulton Financial Corp. in a research report on Wednesday, July 20th. Hovde Group assumed coverage on Fulton Financial Corp. in a research report on Monday, September 12th. They issued an “outperform” rating and a $16.00 price target for the company. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of Fulton Financial Corp. in a research report on Wednesday, October 12th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $14.25.
About Fulton Financial Corp.
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 banking subsidiaries: Fulton Bank, N.A., Fulton Bank of New Jersey, The Columbia Bank, Lafayette Ambassador Bank, FNB Bank, N.A.
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