Mutual of America Capital Management LLC Sells 3,163 Shares of Fulton Financial Corporation $FULT

Mutual of America Capital Management LLC trimmed its position in shares of Fulton Financial Corporation (NASDAQ:FULT) by 11.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,353 shares of the bank’s stock after selling 3,163 shares during the period. Mutual of America Capital Management LLC’s holdings in Fulton Financial were worth $421,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of FULT. Nuveen LLC bought a new stake in Fulton Financial in the 1st quarter valued at about $17,263,000. Jane Street Group LLC increased its stake in shares of Fulton Financial by 914.9% in the first quarter. Jane Street Group LLC now owns 308,243 shares of the bank’s stock worth $5,576,000 after purchasing an additional 277,871 shares in the last quarter. Public Sector Pension Investment Board increased its stake in shares of Fulton Financial by 27.3% in the first quarter. Public Sector Pension Investment Board now owns 577,492 shares of the bank’s stock worth $10,447,000 after purchasing an additional 124,019 shares in the last quarter. Vest Financial LLC lifted its position in shares of Fulton Financial by 100.7% during the second quarter. Vest Financial LLC now owns 167,681 shares of the bank’s stock worth $3,025,000 after acquiring an additional 84,152 shares in the last quarter. Finally, Hussman Strategic Advisors Inc. purchased a new stake in shares of Fulton Financial during the first quarter worth $760,000. 72.02% of the stock is owned by institutional investors.

Insider Buying and Selling at Fulton Financial

In other Fulton Financial news, Director E Philip Wenger sold 5,000 shares of Fulton Financial stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $19.28, for a total transaction of $96,400.00. Following the sale, the director directly owned 90,477 shares of the company’s stock, valued at approximately $1,744,396.56. The trade was a 5.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.07% of the company’s stock.

Analysts Set New Price Targets

FULT has been the subject of a number of recent analyst reports. Jefferies Financial Group reaffirmed a “hold” rating on shares of Fulton Financial in a report on Wednesday, July 9th. Weiss Ratings cut shares of Fulton Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday. Raymond James Financial raised shares of Fulton Financial from a “market perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a report on Tuesday, October 7th. Zacks Research cut shares of Fulton Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. Finally, DA Davidson boosted their target price on Fulton Financial from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Thursday, July 17th. Two investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, Fulton Financial has an average rating of “Hold” and a consensus price target of $20.70.

Fulton Financial Trading Up 0.1%

NASDAQ:FULT opened at $17.97 on Wednesday. The company has a fifty day moving average of $18.71 and a 200 day moving average of $18.10. Fulton Financial Corporation has a 52 week low of $14.32 and a 52 week high of $22.49. The firm has a market capitalization of $3.27 billion, a P/E ratio of 9.41 and a beta of 0.82. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.37.

Fulton Financial (NASDAQ:FULT) last released its quarterly earnings data on Tuesday, November 8th. The bank reported $0.45 earnings per share for the quarter. The business had revenue of $236.96 million during the quarter. Fulton Financial had a return on equity of 12.55% and a net margin of 19.01%. On average, research analysts predict that Fulton Financial Corporation will post 1.91 earnings per share for the current year.

Fulton Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.0%. Fulton Financial’s payout ratio is presently 37.70%.

About Fulton Financial

Fulton Financial Corporation operates as a financial holding company that provides consumer and commercial banking products and services in Pennsylvania, Delaware, Maryland, New Jersey, and Virginia. It accepts various checking accounts and savings deposit products, certificates of deposit, and individual retirement accounts.