Pinebridge Investments L.P. boosted its stake in Fulton Financial Corporation (NASDAQ:FULT) by 4.3% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 93,152 shares of the bank’s stock after buying an additional 3,874 shares during the period. Pinebridge Investments L.P. owned approximately 0.05% of Fulton Financial Corporation worth $1,770,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in FULT. Bank of Montreal Can grew its stake in Fulton Financial Corporation by 1.3% in the 1st quarter. Bank of Montreal Can now owns 12,971 shares of the bank’s stock valued at $231,000 after buying an additional 169 shares during the last quarter. Wells Fargo & Company MN grew its stake in Fulton Financial Corporation by 49.9% in the 1st quarter. Wells Fargo & Company MN now owns 232,171 shares of the bank’s stock valued at $4,145,000 after buying an additional 77,266 shares during the last quarter. Great West Life Assurance Co. Can grew its stake in Fulton Financial Corporation by 5.3% in the 1st quarter. Great West Life Assurance Co. Can now owns 100,183 shares of the bank’s stock valued at $1,783,000 after buying an additional 5,057 shares during the last quarter. First Trust Advisors LP grew its stake in Fulton Financial Corporation by 5.9% in the 1st quarter. First Trust Advisors LP now owns 443,794 shares of the bank’s stock valued at $7,922,000 after buying an additional 24,618 shares during the last quarter. Finally, LS Investment Advisors LLC grew its stake in Fulton Financial Corporation by 0.6% in the 1st quarter. LS Investment Advisors LLC now owns 11,894 shares of the bank’s stock valued at $212,000 after buying an additional 72 shares during the last quarter. Institutional investors and hedge funds own 62.99% of the company’s stock.

Fulton Financial Corporation (NASDAQ FULT) opened at 18.05 on Friday. The firm’s 50 day moving average is $17.49 and its 200-day moving average is $18.09. Fulton Financial Corporation has a 12 month low of $14.04 and a 12 month high of $19.90. The firm has a market cap of $3.16 billion, a price-to-earnings ratio of 18.23 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. The business had revenue of $193.93 million for 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 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Monday, October 2nd will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 2.44%. The ex-dividend date is Friday, September 29th. Fulton Financial Corporation’s dividend payout ratio is 44.44%.

A number of research analysts recently commented on FULT shares. 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, July 14th. 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. 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 Friday, June 23rd. ValuEngine upgraded shares of Fulton Financial Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 6th. Finally, Stephens started 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 assigned a hold rating and two have assigned a buy rating to the company’s stock. Fulton Financial Corporation presently 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 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 value of $101,640.65. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Michael J. Deporter sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, July 21st. The shares were 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 ninety days, insiders sold 26,348 shares of company stock worth $484,312. Insiders own 0.68% of the company’s stock.

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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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