Insider Selling: Fulton Financial Corp (FULT) Insider Sells $87,720.00 in Stock

Fulton Financial Corp (NASDAQ:FULT) insider David M. Campbell sold 5,160 shares of Fulton Financial stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $17.00, for a total value of $87,720.00. Following the transaction, the insider now directly owns 7,283 shares in the company, valued at approximately $123,811. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Shares of NASDAQ FULT opened at $17.08 on Monday. The company has a market capitalization of $2.88 billion, a P/E ratio of 14.47, a PEG ratio of 1.53 and a beta of 1.02. Fulton Financial Corp has a 52 week low of $14.38 and a 52 week high of $18.45. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.97 and a quick ratio of 0.97.

Fulton Financial (NASDAQ:FULT) last announced its quarterly earnings results on Tuesday, April 16th. The bank reported $0.33 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.33. The business had revenue of $210.00 million during the quarter, compared to analysts’ expectations of $212.93 million. Fulton Financial had a return on equity of 9.50% and a net margin of 21.95%. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.28 EPS. As a group, equities analysts forecast that Fulton Financial Corp will post 1.39 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 1st were given a dividend of $0.13 per share. The ex-dividend date was Friday, March 29th. This represents a $0.52 dividend on an annualized basis and a yield of 3.04%. This is a boost from Fulton Financial’s previous quarterly dividend of $0.12. Fulton Financial’s dividend payout ratio is presently 44.07%.

FULT has been the topic of several research analyst reports. Zacks Investment Research raised Fulton Financial from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research note on Friday, April 5th. BidaskClub raised Fulton Financial from a “hold” rating to a “buy” rating in a research note on Tuesday, May 7th. Boenning Scattergood reaffirmed a “hold” rating on shares of Fulton Financial in a research note on Wednesday, April 17th. ValuEngine raised Fulton Financial from a “sell” rating to a “hold” rating in a research note on Friday, April 26th. Finally, DA Davidson reaffirmed a “neutral” rating on shares of Fulton Financial in a research note on Thursday, April 18th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $18.88.

A number of institutional investors have recently made changes to their positions in FULT. Norges Bank bought a new stake in Fulton Financial during the fourth quarter worth approximately $28,422,000. Oregon Public Employees Retirement Fund lifted its holdings in shares of Fulton Financial by 1,448.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,071,618 shares of the bank’s stock worth $69,000 after buying an additional 1,002,392 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Fulton Financial by 2.5% during the fourth quarter. BlackRock Inc. now owns 20,809,031 shares of the bank’s stock worth $322,124,000 after buying an additional 504,144 shares during the last quarter. Federated Investors Inc. PA lifted its holdings in shares of Fulton Financial by 101.6% during the third quarter. Federated Investors Inc. PA now owns 579,255 shares of the bank’s stock worth $9,644,000 after buying an additional 291,928 shares during the last quarter. Finally, Hillcrest Asset Management LLC lifted its holdings in shares of Fulton Financial by 80.8% during the fourth quarter. Hillcrest Asset Management LLC now owns 554,602 shares of the bank’s stock worth $8,585,000 after buying an additional 247,917 shares during the last quarter. 66.38% of the stock is owned by hedge funds and other institutional investors.

WARNING: “Insider Selling: Fulton Financial Corp (FULT) Insider Sells $87,720.00 in Stock” was first posted by Baseball Daily News and is owned by of Baseball Daily News. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this piece can be read at https://www.baseballdailydigest.com/news/2019/05/13/insider-selling-fulton-financial-corp-fult-insider-sells-87720-00-in-stock.html.

About Fulton Financial

Fulton Financial Corporation operates as a multi-bank financial holding company that provides banking and financial services to businesses and consumers. It accepts various checking accounts and savings deposit products, certificates of deposit, and individual retirement accounts. The company also offers consumer loans, including home equity loans and lines of credit, automobile loans, automobile and equipment leases, personal lines of credit, and checking account overdraft protection; construction and jumbo residential mortgage loans; and commercial lending products comprising commercial, financial, agricultural, and real estate loans.

Featured Article: Why does a company issue an IPO?

Receive News & Ratings for Fulton Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fulton Financial and related companies with MarketBeat.com's FREE daily email newsletter.