Fulton Financial Corporation (NASDAQ:FULT) – Equities research analysts at Jefferies Group issued their Q1 2018 earnings per share estimates for Fulton Financial Corporation in a research report issued to clients and investors on Tuesday. Jefferies Group analyst C. Haire expects that the bank will post earnings of $0.27 per share for the quarter. Jefferies Group currently has a “Hold” rating and a $20.00 price target on the stock. Jefferies Group also issued estimates for Fulton Financial Corporation’s Q2 2018 earnings at $0.28 EPS, Q3 2018 earnings at $0.31 EPS and Q4 2018 earnings at $0.31 EPS.

Several other brokerages have also issued reports on FULT. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $17.50 price target on shares of Fulton Financial Corporation in a research note on Tuesday, October 3rd. Boenning Scattergood reaffirmed a “hold” rating on shares of Fulton Financial Corporation in a research report on Wednesday, July 19th. Stephens started coverage on Fulton Financial Corporation in a research report on Thursday, July 13th. They set an “equal weight” rating on the stock. Zacks Investment Research raised Fulton Financial Corporation from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research report on Tuesday, July 25th. Finally, BidaskClub lowered Fulton Financial Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $18.25.

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Fulton Financial Corporation (NASDAQ:FULT) traded down 0.390% during mid-day trading on Wednesday, reaching $19.175. The company had a trading volume of 65,917 shares. Fulton Financial Corporation has a one year low of $14.04 and a one year high of $19.90. The firm has a market capitalization of $3.35 billion, a P/E ratio of 19.369 and a beta of 1.17. The firm’s 50-day moving average is $17.93 and its 200-day moving average is $18.11.

Fulton Financial Corporation (NASDAQ:FULT) last announced its quarterly earnings results on Tuesday, July 18th. The bank reported $0.26 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.26. The business had revenue of $193.93 million for the quarter, compared to the consensus estimate of $194.02 million. Fulton Financial Corporation had a net margin of 20.86% and a return on equity of 8.02%. During the same period last year, the company posted $0.23 EPS.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Monday, October 2nd will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, September 29th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.29%. Fulton Financial Corporation’s dividend payout ratio is presently 44.44%.

In related news, insider Michael J. Deporter sold 1,500 shares of the stock in a transaction dated Friday, July 21st. The stock was sold at an average price of $18.00, for a total transaction of $27,000.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director R Scott Smith, Jr. sold 5,539 shares of the stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $18.35, for a total value of $101,640.65. The disclosure for this sale can be found here. Insiders have sold a total of 26,348 shares of company stock worth $484,312 in the last ninety days. Insiders own 0.68% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the business. BlackRock Inc. raised its holdings in shares of Fulton Financial Corporation by 17,543.0% in the 1st quarter. BlackRock Inc. now owns 18,627,957 shares of the bank’s stock valued at $332,509,000 after acquiring an additional 18,522,374 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Fulton Financial Corporation by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 15,089,443 shares of the bank’s stock valued at $286,699,000 after acquiring an additional 314,230 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Fulton Financial Corporation by 0.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 14,443,398 shares of the bank’s stock valued at $274,426,000 after acquiring an additional 112,692 shares in the last quarter. State Street Corp raised its holdings in shares of Fulton Financial Corporation by 4.0% in the 2nd quarter. State Street Corp now owns 9,239,829 shares of the bank’s stock valued at $175,556,000 after acquiring an additional 353,566 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in shares of Fulton Financial Corporation by 0.6% in the 2nd quarter. Alliancebernstein L.P. now owns 5,009,090 shares of the bank’s stock valued at $95,173,000 after acquiring an additional 29,669 shares in the last quarter. 62.99% of the stock is currently owned by hedge funds and other institutional investors.

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).

Earnings History and Estimates for Fulton Financial Corporation (NASDAQ:FULT)

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