Fulton Financial Corporation (NASDAQ:FULT) was the target of a large increase in short interest in August. As of August 31st, there was short interest totalling 5,479,171 shares, an increase of 49.8% from the August 15th total of 3,658,067 shares. Currently, 3.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 744,544 shares, the days-to-cover ratio is currently 7.4 days.

In related news, insider Craig A. Roda sold 19,309 shares of the business’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $18.42, for a total value of $355,671.78. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Michael J. Deporter sold 1,500 shares of the business’s stock in a transaction on Friday, July 21st. The shares were sold at an average price of $18.00, for a total value of $27,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,348 shares of company stock worth $484,312. 0.68% of the stock is owned by insiders.

Several hedge funds have recently modified their holdings of FULT. Bank of Montreal Can boosted its holdings in shares of Fulton Financial Corporation by 1.3% in the 1st quarter. Bank of Montreal Can now owns 12,971 shares of the bank’s stock valued at $231,000 after purchasing an additional 169 shares in the last quarter. Capstone Asset Management Co. boosted its holdings in shares of Fulton Financial Corporation by 0.5% in the 1st quarter. Capstone Asset Management Co. now owns 13,849 shares of the bank’s stock valued at $247,000 after purchasing an additional 70 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in shares of Fulton Financial Corporation by 1.3% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 60,853 shares of the bank’s stock valued at $1,086,000 after purchasing an additional 800 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Fulton Financial Corporation by 49.9% in the 1st quarter. Wells Fargo & Company MN now owns 232,171 shares of the bank’s stock valued at $4,145,000 after purchasing an additional 77,266 shares in the last quarter. Finally, Great West Life Assurance Co. Can boosted its holdings in shares of Fulton Financial Corporation by 5.3% in the 1st quarter. Great West Life Assurance Co. Can now owns 100,183 shares of the bank’s stock valued at $1,783,000 after purchasing an additional 5,057 shares in the last quarter. 62.99% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts recently commented on FULT shares. Zacks Investment Research lowered Fulton Financial Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. BidaskClub lowered Fulton Financial Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $20.00 price target on shares of Fulton Financial Corporation in a research note on Friday, July 14th. Stephens started coverage on Fulton Financial Corporation in a research note on Thursday, July 13th. They issued an “equal weight” rating on the stock. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $18.00 price target on shares of Fulton Financial Corporation in a research note on Friday, June 23rd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. Fulton Financial Corporation currently has a consensus rating of “Hold” and a consensus price target of $18.33.

Fulton Financial Corporation (NASDAQ:FULT) opened at 17.35 on Friday. The firm has a market cap of $3.04 billion, a price-to-earnings ratio of 17.53 and a beta of 1.16. Fulton Financial Corporation has a 1-year low of $14.04 and a 1-year high of $19.90. The firm has a 50-day moving average price of $17.53 and a 200-day moving average price of $18.14.

Fulton Financial Corporation (NASDAQ:FULT) last posted its quarterly earnings data on Tuesday, July 18th. The bank reported $0.26 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.26. Fulton Financial Corporation had a return on equity of 8.02% and a net margin of 20.86%. The firm had revenue of $193.93 million for the quarter, compared to analyst estimates of $194.02 million. During the same quarter last year, the company earned $0.23 EPS. On average, analysts expect that Fulton Financial Corporation will post $1.06 earnings per share for the current fiscal year.

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About Fulton Financial Corporation

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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