Fulton Financial Co. (NASDAQ: FULT) EVP David M. Campbell bought 10,300 shares of the company in a trade that took place on Monday, November 22. The stock was purchased at an average price of $ 17.00 per share, for a total value of $ 175,100.00. The purchase was disclosed in a filing with the SEC, which is available on the SEC’s website.

NASDAQ: FULT shares traded up $ 0.20 during trading hours on Tuesday, reaching $ 17.23. 671,928 shares of the company were traded in the hands, compared to its average volume of 902,433. Fulton Financial Co. has a one-year low at $ 12.28 and a one-year high at 18.41 $. The company has a fifty-day moving average price of $ 16.09 and a 200-day moving average price of $ 16.15. The company has a market cap of $ 2.78 billion, a P / E ratio of 11.06 and a beta of 0.85. The company has a debt ratio of 0.25, a current ratio of 0.91, and a quick ratio of 0.91.

Fulton Financial (NASDAQ: FULT) last reported its results on Monday, October 18. The bank reported earnings per share (EPS) of $ 0.45 for the quarter, beating Thomson Reuters’ consensus estimate of $ 0.33 of $ 0.12. Fulton Financial posted a return on equity of 10.72% and a net margin of 26.58%. The company posted revenue of $ 233.85 million in the quarter, compared to analysts’ estimates of $ 219.08 million. In the same quarter of the previous year, the company made a profit of $ 0.38 per share. The company’s revenue for the quarter increased 7.6% compared to the same quarter last year. As a group, stock analysts predict that Fulton Financial Co. will post earnings per share of 1.61 for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, October 15. Shareholders of record on Friday October 1 received a dividend of $ 0.14 per share. This represents an annualized dividend of $ 0.56 and a dividend yield of 3.25%. The ex-dividend date was Thursday, September 30. Fulton Financial’s dividend payout ratio is currently 35.90%.

Several institutional investors have recently bought and sold shares of FULT. Captrust Financial Advisors increased its stake in Fulton Financial shares by 439.1% in the first quarter. Captrust Financial Advisors now owns 1,725 ​​shares of the bank valued at $ 30,000 after acquiring 1,405 additional shares in the last quarter. Advisory Services Network LLC purchased a new equity stake in Fulton Financial during the second quarter valued at approximately $ 40,000. FMR LLC increased its stake in Fulton Financial shares by 32.2% during the second quarter. FMR LLC now owns 3,089 shares of the bank valued at $ 48,000 after acquiring an additional 752 shares in the last quarter. SouthState Corp purchased a new stake in shares of Fulton Financial during the third quarter valued at approximately $ 61,000. Finally, Tompkins Financial Corp purchased a new equity stake in Fulton Financial during the third quarter valued at approximately $ 70,000. 62.98% of the shares are held by hedge funds and other institutional investors.

Several research analysts have published reports on the company. Raymond James reaffirmed a “hold” rating and set a target price of $ 15.17 on Fulton Financial shares in a research report released on Monday, July 26. Zacks Investment Research downgraded Fulton Financial from a “hold” rating to a “buy” rating and set a target price of $ 19.00 for the company in a research report released on Tuesday, November 2.

About Fulton Financial

Fulton Financial Corp. is a financial holding company which, through its subsidiaries, provides banking products and services to individuals and businesses. It offers checking and savings account products, certificates of deposit and individual retirement accounts. The company also provides investment management, trust, brokerage, insurance and investment advisory services to commercial bank and individual clients in market sectors served by subsidiary banks.

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