Chicago Equity Partners LLC raised its position in shares of Fulton Financial Corporation (NASDAQ:FULT) by 24.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 500,662 shares of the bank’s stock after buying an additional 98,852 shares during the period. Chicago Equity Partners LLC owned 0.29% of Fulton Financial Corporation worth $9,513,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of FULT. Oregon Public Employees Retirement Fund boosted its position in shares of Fulton Financial Corporation by 1.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 60,853 shares of the bank’s stock worth $1,086,000 after buying an additional 800 shares during the period. Principal Financial Group Inc. boosted its position in shares of Fulton Financial Corporation by 159.8% in the first quarter. Principal Financial Group Inc. now owns 1,816,332 shares of the bank’s stock worth $32,422,000 after buying an additional 1,117,263 shares during the period. Bbva Compass Bancshares Inc. boosted its position in shares of Fulton Financial Corporation by 2.8% in the first quarter. Bbva Compass Bancshares Inc. now owns 23,366 shares of the bank’s stock worth $418,000 after buying an additional 642 shares during the period. Two Sigma Securities LLC boosted its position in shares of Fulton Financial Corporation by 28.5% in the first quarter. Two Sigma Securities LLC now owns 43,555 shares of the bank’s stock worth $777,000 after buying an additional 9,662 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its position in shares of Fulton Financial Corporation by 3.9% in the first quarter. Parametric Portfolio Associates LLC now owns 724,499 shares of the bank’s stock worth $12,932,000 after buying an additional 27,460 shares during the period. 62.99% of the stock is owned by institutional investors.

Shares of Fulton Financial Corporation (FULT) opened at 17.45 on Friday. Fulton Financial Corporation has a 1-year low of $14.04 and a 1-year high of $19.90. The company has a market capitalization of $3.05 billion, a price-to-earnings ratio of 17.63 and a beta of 1.16. The firm’s 50-day moving average is $17.88 and its 200-day moving average is $18.25.

Fulton Financial Corporation (NASDAQ:FULT) last released its quarterly earnings results on Tuesday, July 18th. The bank reported $0.26 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.26. The business had revenue of $193.93 million during the quarter, compared to analyst estimates 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 in the prior year, the firm posted $0.23 earnings per share. Analysts forecast that Fulton Financial Corporation will post $1.06 earnings per share for the current fiscal year.

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FULT has been the subject of a number of recent research reports. Zacks Investment Research cut shares of Fulton Financial Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Jefferies Group LLC restated a “hold” rating and set a $20.00 price objective on shares of Fulton Financial Corporation in a research note on Monday, May 15th. BidaskClub upgraded shares of Fulton Financial Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Stephens initiated coverage on shares of Fulton Financial Corporation in a research note on Thursday, July 13th. They set an “equal weight” rating for the company. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $18.00 price objective on shares of Fulton Financial Corporation in a research note on Friday, June 23rd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $18.33.

In other Fulton Financial Corporation news, insider Michael J. Deporter sold 1,500 shares of the stock in a transaction dated Friday, July 21st. The shares were sold at an average price of $18.00, for a total transaction of $27,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director R Scott Smith, Jr. sold 5,539 shares of the stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $18.35, for a total transaction of $101,640.65. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,348 shares of company stock valued at $484,312. Insiders own 0.68% of the company’s stock.

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).

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

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