BidaskClub cut shares of Fulton Financial Corporation (NASDAQ:FULT) from a hold rating to a sell rating in a research report report published on Thursday.

FULT has been the topic of a number of other reports. Zacks Investment Research upgraded shares of Fulton Financial Corporation from a hold rating to a buy rating and set a $20.00 price target on the stock in a research note on Tuesday, July 25th. Boenning Scattergood restated a hold rating on shares of Fulton Financial Corporation in a research note on Wednesday, July 19th. Barclays PLC restated a sell rating and issued a $18.00 price target (up from $17.00) on shares of Fulton Financial Corporation in a research note on Friday, April 21st. Keefe, Bruyette & Woods set a $18.00 price target on shares of Fulton Financial Corporation and gave the company a hold rating in a research note on Monday, May 22nd. Finally, Stephens began coverage on shares of Fulton Financial Corporation in a research note on Thursday, July 13th. They issued an equal weight rating on the stock. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. Fulton Financial Corporation currently has a consensus rating of Hold and a consensus price target of $18.33.

Shares of Fulton Financial Corporation (NASDAQ:FULT) traded up 1.11% during trading on Thursday, hitting $18.25. 769,389 shares of the stock were exchanged. The firm has a 50 day moving average price of $18.79 and a 200 day moving average price of $18.39. The firm has a market capitalization of $3.19 billion, a P/E ratio of 18.43 and a beta of 1.16. Fulton Financial Corporation has a 52 week low of $13.39 and a 52 week high of $19.90.

Fulton Financial Corporation (NASDAQ:FULT) last released its earnings results on Tuesday, July 18th. The bank reported $0.26 EPS for the quarter, meeting 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 firm had revenue of $193.93 million for the quarter, compared to analyst estimates of $194.02 million. During the same period last year, the firm earned $0.23 EPS. Analysts forecast that Fulton Financial Corporation will post $1.06 EPS for the current fiscal year.

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The firm also recently announced a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Monday, July 3rd were given a dividend of $0.11 per share. The ex-dividend date was Thursday, June 29th. This represents a $0.44 annualized dividend and a yield of 2.44%. Fulton Financial Corporation’s dividend payout ratio is presently 44.44%.

In related 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 transaction was disclosed in a filing with the SEC, which can be accessed through 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. 0.68% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of FULT. Oregon Public Employees Retirement Fund raised its position in 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 valued at $1,086,000 after buying an additional 800 shares during the last quarter. Principal Financial Group Inc. raised its position 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 during the last quarter. Bbva Compass Bancshares Inc. raised its position in Fulton Financial Corporation by 2.8% in the first quarter. Bbva Compass Bancshares Inc. now owns 23,366 shares of the bank’s stock valued at $418,000 after buying an additional 642 shares during the last quarter. Thrivent Financial for Lutherans raised its position in Fulton Financial Corporation by 9.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 29,850 shares of the bank’s stock valued at $561,000 after buying an additional 2,700 shares during the last quarter. Finally, Parametric Portfolio Associates LLC raised its position in Fulton Financial Corporation by 3.9% in the first quarter. Parametric Portfolio Associates LLC now owns 724,499 shares of the bank’s stock valued at $12,932,000 after buying an additional 27,460 shares during the last quarter. Institutional investors and hedge funds own 62.05% 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).

Analyst Recommendations for Fulton Financial Corporation (NASDAQ:FULT)

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