Fulton Financial Co. (NASDAQ:FULT) EVP David M. Campbell Sells 5,156 Shares

Fulton Financial Co. (NASDAQ:FULTGet Rating) EVP David M. Campbell sold 5,156 shares of the business’s stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $15.51, for a total transaction of $79,969.56. Following the completion of the sale, the executive vice president now owns 22,202 shares of the company’s stock, valued at approximately $344,353.02. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Shares of FULT stock traded up $0.11 during trading hours on Wednesday, hitting $15.56. The company’s stock had a trading volume of 1,027,035 shares, compared to its average volume of 1,163,086. The company has a 50 day moving average of $16.11 and a 200 day moving average of $16.96. The stock has a market cap of $2.50 billion, a PE ratio of 9.78 and a beta of 0.74. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.23. Fulton Financial Co. has a 12-month low of $14.16 and a 12-month high of $19.17.

Fulton Financial (NASDAQ:FULTGet Rating) last released its quarterly earnings data on Tuesday, April 19th. The bank reported $0.38 EPS for the quarter, beating the consensus estimate of $0.32 by $0.06. The business had revenue of $219.85 million for the quarter, compared to the consensus estimate of $221.61 million. Fulton Financial had a net margin of 28.22% and a return on equity of 10.77%. During the same period in the prior year, the firm earned $0.43 EPS. As a group, analysts anticipate that Fulton Financial Co. will post 1.57 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, April 18th. Investors of record on Friday, April 1st were paid a $0.15 dividend. This is a boost from Fulton Financial’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a dividend yield of 3.86%. The ex-dividend date of this dividend was Thursday, March 31st. Fulton Financial’s payout ratio is currently 37.97%.

Several equities research analysts have recently commented on the stock. Zacks Investment Research lowered shares of Fulton Financial from a “buy” rating to a “hold” rating in a report on Monday, May 2nd. StockNews.com initiated coverage on shares of Fulton Financial in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Stephens raised shares of Fulton Financial from an “equal weight” rating to an “overweight” rating and set a $20.50 price objective on the stock in a research report on Thursday, April 21st.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. lifted its stake in shares of Fulton Financial by 6.0% in the 1st quarter. BlackRock Inc. now owns 21,821,468 shares of the bank’s stock valued at $362,670,000 after purchasing an additional 1,232,379 shares during the period. Vanguard Group Inc. raised its position in Fulton Financial by 1.7% during the first quarter. Vanguard Group Inc. now owns 16,102,336 shares of the bank’s stock worth $267,622,000 after acquiring an additional 276,162 shares during the period. Dimensional Fund Advisors LP raised its position in Fulton Financial by 1.8% during the first quarter. Dimensional Fund Advisors LP now owns 10,805,481 shares of the bank’s stock worth $179,591,000 after acquiring an additional 188,471 shares during the period. State Street Corp raised its position in Fulton Financial by 8.9% during the first quarter. State Street Corp now owns 8,941,860 shares of the bank’s stock worth $149,945,000 after acquiring an additional 731,995 shares during the period. Finally, Fuller & Thaler Asset Management Inc. raised its position in Fulton Financial by 0.4% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 2,922,756 shares of the bank’s stock worth $48,576,000 after acquiring an additional 12,065 shares during the period. Hedge funds and other institutional investors own 64.05% of the company’s stock.

About Fulton Financial (Get Rating)

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

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