Strs Ohio reduced its stake in shares of Fulton Financial Corporation (NASDAQ:FULT) by 2.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,200 shares of the bank’s stock after selling 1,900 shares during the period. Strs Ohio’s holdings in Fulton Financial Corporation were worth $1,523,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in FULT. BlackRock Inc. raised its stake in Fulton Financial Corporation by 17,543.0% in the first quarter. BlackRock Inc. now owns 18,627,957 shares of the bank’s stock valued at $332,509,000 after buying an additional 18,522,374 shares in the last quarter. Principal Financial Group Inc. raised its stake in 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 valued at $32,422,000 after buying an additional 1,117,263 shares in the last quarter. State Street Corp raised its stake in Fulton Financial Corporation by 10.2% in the first quarter. State Street Corp now owns 8,886,263 shares of the bank’s stock valued at $158,622,000 after buying an additional 821,236 shares in the last quarter. Vanguard Group Inc. raised its stake in Fulton Financial Corporation by 3.5% in the first quarter. Vanguard Group Inc. now owns 14,775,213 shares of the bank’s stock valued at $263,738,000 after buying an additional 499,352 shares in the last quarter. Finally, Citadel Advisors LLC raised its stake in Fulton Financial Corporation by 3,057.0% in the first quarter. Citadel Advisors LLC now owns 414,801 shares of the bank’s stock valued at $7,404,000 after buying an additional 401,662 shares in the last quarter. Institutional investors own 62.08% of the company’s stock.

Shares of Fulton Financial Corporation (NASDAQ:FULT) opened at 17.25 on Friday. The firm’s 50-day moving average is $18.48 and its 200-day moving average is $18.35. Fulton Financial Corporation has a 52 week low of $13.81 and a 52 week high of $19.90. The company has a market cap of $3.02 billion, a price-to-earnings ratio of 17.42 and a beta of 1.16.

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Monday, July 3rd were issued a $0.11 dividend. The ex-dividend date of this dividend was Thursday, June 29th. This represents a $0.44 dividend on an annualized basis and a yield of 2.55%. Fulton Financial Corporation’s dividend payout ratio (DPR) is 44.44%.

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Several analysts have recently weighed in on FULT shares. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $18.00 price objective on shares of Fulton Financial Corporation in a research note on Thursday, April 20th. Jefferies Group LLC reiterated a “hold” rating and issued a $20.00 price objective on shares of Fulton Financial Corporation in a research note on Friday, July 14th. ValuEngine upgraded shares of Fulton Financial Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 6th. Zacks Investment Research lowered shares of Fulton Financial Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 21st. Finally, Barclays PLC reiterated a “sell” rating and issued a $18.00 price objective (up previously from $17.00) on shares of Fulton Financial Corporation in a research note on Friday, April 21st. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. Fulton Financial Corporation has a consensus rating of “Hold” and an average price target of $18.33.

In other news, Director R Scott Smith, Jr. sold 5,539 shares of the firm’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $18.35, for a total transaction of $101,640.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael J. Deporter sold 1,500 shares of the firm’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. Insiders have sold 26,348 shares of company stock valued at $484,312 over the last 90 days. Corporate insiders own 0.68% of the company’s stock.

Fulton Financial Corporation Company Profile

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

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