First Citizens Bank & Trust Co. boosted its stake in shares of Fulton Financial Corporation (NASDAQ:FULT) by 1.4% during the third quarter, Holdings Channel reports. The firm owned 34,059 shares of the company’s stock after buying an additional 463 shares during the period. First Citizens Bank & Trust Co.’s holdings in Fulton Financial Corporation were worth $495,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in FULT. Fulton Bank N.A. raised its position in shares of Fulton Financial Corporation by 3.4% in the third quarter. Fulton Bank N.A. now owns 1,865,276 shares of the company’s stock valued at $27,084,000 after buying an additional 61,616 shares during the period. Foundry Partners LLC raised its position in shares of Fulton Financial Corporation by 3.1% in the third quarter. Foundry Partners LLC now owns 934,695 shares of the company’s stock valued at $13,572,000 after buying an additional 28,319 shares during the period. Wright Investors Service Inc. raised its position in shares of Fulton Financial Corporation by 54.7% in the second quarter. Wright Investors Service Inc. now owns 60,960 shares of the company’s stock valued at $823,000 after buying an additional 21,565 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Fulton Financial Corporation by 10.3% in the second quarter. PNC Financial Services Group Inc. now owns 94,887 shares of the company’s stock valued at $1,281,000 after buying an additional 8,885 shares during the period. Finally, First Trust Advisors LP raised its position in shares of Fulton Financial Corporation by 9.6% in the second quarter. First Trust Advisors LP now owns 268,475 shares of the company’s stock valued at $3,624,000 after buying an additional 23,463 shares during the period. 59.14% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Fulton Financial Corporation (NASDAQ:FULT)

Shares of Fulton Financial Corporation (NASDAQ:FULT) traded up 1.35% during trading on Friday, reaching $18.80. 855,197 shares of the company were exchanged. Fulton Financial Corporation has a 52-week low of $11.48 and a 52-week high of $19.45. The firm has a market cap of $3.26 billion, a price-to-earnings ratio of 20.66 and a beta of 1.04. The stock’s 50-day moving average is $18.66 and its 200-day moving average is $15.36.

Fulton Financial Corporation (NASDAQ:FULT) last posted its quarterly earnings data on Tuesday, October 18th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.01. Fulton Financial Corporation had a net margin of 20.23% and a return on equity of 7.57%. The firm had revenue of $130.57 million for the quarter, compared to the consensus estimate of $136.49 million. During the same quarter in the prior year, the company posted $0.20 earnings per share. The company’s revenue for the quarter was down 23.4% compared to the same quarter last year. Equities research analysts predict that Fulton Financial Corporation will post $0.93 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 13th. Stockholders of record on Tuesday, January 3rd will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, December 29th. This represents a $0.40 annualized dividend and a dividend yield of 2.13%. Fulton Financial Corporation’s dividend payout ratio (DPR) is currently 43.96%.

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FULT has been the subject of several research analyst reports. Zacks Investment Research raised shares of Fulton Financial Corporation from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a report on Tuesday, September 20th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating on shares of Fulton Financial Corporation in a research note on Wednesday, October 12th. FBR & Co upped their target price on shares of Fulton Financial Corporation from $14.00 to $15.00 and gave the stock a “mkt perform” rating in a research note on Thursday, October 20th. Barclays PLC lowered shares of Fulton Financial Corporation from an “equal weight” rating to an “underweight” rating and upped their target price for the stock from $13.00 to $17.00 in a research note on Tuesday, December 6th. Finally, Hovde Group lowered shares of Fulton Financial Corporation from an “outperform” rating to a “market perform” rating and upped their target price for the stock from $16.50 to $19.00 in a research note on Friday, November 18th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $17.10.

In other news, EVP Angela M. Sargent sold 15,192 shares of the company’s stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $17.50, for a total transaction of $265,860.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Curtis J. Myers sold 9,068 shares of the company’s stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $17.61, for a total transaction of $159,687.48. The disclosure for this sale can be found here. Insiders own 0.75% of the company’s stock.

Fulton Financial Corporation Company Profile

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.

5 Day Chart for NASDAQ:FULT

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