Public Employees Retirement System of Ohio reduced its position in Fulton Financial Corporation (NASDAQ:FULT) by 0.2% during the first quarter, Holdings Channel reports. The institutional investor owned 11,105 shares of the bank’s stock after selling 25 shares during the period. Public Employees Retirement System of Ohio’s holdings in Fulton Financial Corporation were worth $198,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. 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 in the last quarter. 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 in the last quarter. 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 in the last quarter. 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 in the last quarter. 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 in the last quarter. Hedge funds and other institutional investors own 62.08% of the company’s stock.

Fulton Financial Corporation (NASDAQ:FULT) traded down 1.836% during midday trading on Thursday, reaching $17.375. 163,553 shares of the company traded hands. The firm’s 50 day moving average price is $18.55 and its 200 day moving average price is $18.37. Fulton Financial Corporation has a 12 month low of $13.59 and a 12 month high of $19.90. The firm has a market capitalization of $3.04 billion, a price-to-earnings ratio of 17.551 and a beta of 1.16.

Fulton Financial Corporation (NASDAQ:FULT) last announced its earnings results on Tuesday, July 18th. The bank reported $0.26 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.26. Fulton Financial Corporation had a net margin of 20.86% and a return on equity of 8.02%. The company had revenue of $193.93 million during the quarter, compared to the consensus estimate of $194.02 million. During the same period in the previous year, the firm posted $0.23 earnings per share. On average, analysts expect that Fulton Financial Corporation will post $1.06 earnings per share 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 dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 2.49%. The ex-dividend date was Thursday, June 29th. Fulton Financial Corporation’s dividend payout ratio is 44.44%.

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FULT has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $18.00 price objective on shares of Fulton Financial Corporation in a report on Thursday, April 20th. Barclays PLC restated a “sell” rating and issued a $18.00 target price (up previously from $17.00) on shares of Fulton Financial Corporation in a research note on Friday, April 21st. Jefferies Group LLC restated a “hold” rating and issued a $20.00 target price 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 investment analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $18.33.

In other news, insider Craig A. Roda sold 19,309 shares of Fulton Financial Corporation stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $18.42, for a total transaction of $355,671.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Michael J. Deporter sold 1,500 shares of Fulton Financial Corporation stock in a transaction that occurred on Friday, July 21st. The stock was sold at an average price of $18.00, for a total transaction of $27,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,348 shares of company stock valued at $484,312. 0.68% of the stock is owned by corporate insiders.

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).

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

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