LSV Asset Management boosted its holdings in Fulton Financial Corporation (NASDAQ:FULT) by 11.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,433,875 shares of the bank’s stock after acquiring an additional 143,300 shares during the period. LSV Asset Management owned 0.82% of Fulton Financial Corporation worth $27,243,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. BlackRock Inc. lifted its holdings in Fulton Financial Corporation by 17,543.0% in the first quarter. BlackRock Inc. now owns 18,627,957 shares of the bank’s stock valued at $332,509,000 after acquiring an additional 18,522,374 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Fulton Financial Corporation by 3.5% in the first quarter. Vanguard Group Inc. now owns 14,775,213 shares of the bank’s stock valued at $263,738,000 after acquiring an additional 499,352 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Fulton Financial Corporation by 2.3% in the first quarter. Dimensional Fund Advisors LP now owns 14,330,706 shares of the bank’s stock valued at $255,803,000 after acquiring an additional 319,270 shares during the last quarter. State Street Corp lifted its holdings in Fulton Financial Corporation by 10.2% in the first quarter. State Street Corp now owns 8,886,263 shares of the bank’s stock valued at $158,622,000 after acquiring an additional 821,236 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in Fulton Financial Corporation by 2.8% in the first quarter. Alliancebernstein L.P. now owns 4,979,421 shares of the bank’s stock valued at $88,883,000 after acquiring an additional 135,632 shares during the last quarter. Hedge funds and other institutional investors own 62.99% of the company’s stock.
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Shares of Fulton Financial Corporation (NASDAQ:FULT) opened at 17.20 on Tuesday. The firm has a 50-day moving average price of $17.61 and a 200-day moving average price of $18.16. Fulton Financial Corporation has a 12 month low of $14.04 and a 12 month high of $19.90. The stock has a market cap of $3.01 billion, a price-to-earnings ratio of 17.37 and a beta of 1.16.
Fulton Financial Corporation (NASDAQ:FULT) last announced its quarterly earnings results on Tuesday, July 18th. The bank reported $0.26 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.26. The company 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 last year, the business earned $0.23 EPS. Equities analysts expect that Fulton Financial Corporation will post $1.06 EPS for the current fiscal year.
A number of research analysts recently commented on the company. BidaskClub cut Fulton Financial Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. ValuEngine upgraded Fulton Financial Corporation from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Zacks Investment Research cut Fulton Financial Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Boenning Scattergood reiterated a “hold” rating on shares of Fulton Financial Corporation in a report on Wednesday, July 19th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $20.00 price objective on shares of Fulton Financial Corporation in a report on Friday, July 14th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $18.33.
In other Fulton Financial Corporation news, insider Michael J. Deporter sold 1,500 shares of Fulton Financial Corporation stock in a transaction on Friday, July 21st. The shares were sold at an average price of $18.00, for a total value of $27,000.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Craig A. Roda sold 19,309 shares of Fulton Financial Corporation stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $18.42, for a total transaction of $355,671.78. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,348 shares of company stock worth $484,312. 0.68% of the stock is owned by company insiders.
Fulton Financial Corporation Company Profile
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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