Wheatland Advisors Inc. maintained its position in shares of Fulton Financial Corporation (NASDAQ:FULT) during the second quarter, Holdings Channel reports. The firm owned 31,212 shares of the bank’s stock at the end of the second quarter. Wheatland Advisors Inc.’s holdings in Fulton Financial Corporation were worth $593,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FULT. Bank of Montreal Can raised its position in shares of Fulton Financial Corporation by 1.3% in the first quarter. Bank of Montreal Can now owns 12,971 shares of the bank’s stock worth $231,000 after buying an additional 169 shares during the period. Capstone Asset Management Co. raised its position in shares of Fulton Financial Corporation by 0.5% in the first quarter. Capstone Asset Management Co. now owns 13,849 shares of the bank’s stock worth $247,000 after buying an additional 70 shares during the period. Louisiana State Employees Retirement System raised its position in shares of Fulton Financial Corporation by 2.8% in the first quarter. Louisiana State Employees Retirement System now owns 44,000 shares of the bank’s stock worth $785,000 after buying an additional 1,200 shares during the period. Nisa Investment Advisors LLC raised its position in shares of Fulton Financial Corporation by 1.6% in the first quarter. Nisa Investment Advisors LLC now owns 91,500 shares of the bank’s stock worth $1,633,000 after buying an additional 1,400 shares during the period. Finally, Retirement Systems of Alabama raised its position in shares of Fulton Financial Corporation by 0.5% in the first quarter. Retirement Systems of Alabama now owns 224,761 shares of the bank’s stock worth $4,012,000 after buying an additional 1,009 shares during the period. Institutional investors and hedge funds own 62.08% of the company’s stock.

Fulton Financial Corporation (NASDAQ:FULT) opened at 17.70 on Thursday. Fulton Financial Corporation has a 12 month low of $13.59 and a 12 month high of $19.90. The firm’s 50 day moving average is $18.55 and its 200-day moving average is $18.36. The firm has a market cap of $3.09 billion, a price-to-earnings ratio of 17.88 and a beta of 1.16.

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

The firm also recently declared a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Monday, July 3rd were given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 2.49%. The ex-dividend date of this dividend was Thursday, June 29th. Fulton Financial Corporation’s dividend payout ratio (DPR) is currently 44.44%.

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A number of research analysts recently commented on FULT shares. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $18.00 price target on shares of Fulton Financial Corporation in a research note on Thursday, April 20th. Barclays PLC reiterated a “sell” rating and issued a $18.00 price target (up previously from $17.00) on shares of Fulton Financial Corporation in a research note on Friday, April 21st. Jefferies Group LLC reiterated a “hold” rating and issued a $20.00 price target on shares of Fulton Financial Corporation in a research note on Friday, May 5th. ValuEngine upgraded shares of Fulton Financial Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 6th. Finally, BidaskClub upgraded shares of Fulton Financial Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. Fulton Financial Corporation has an average rating of “Hold” and a consensus price target of $18.33.

In other news, insider Craig A. Roda sold 19,309 shares of the business’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $18.42, for a total value of $355,671.78. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director R Scott Smith, Jr. sold 5,539 shares of the business’s stock in a transaction that occurred on 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. In the last three months, insiders sold 26,348 shares of company stock worth $484,312. 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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