RKL Wealth Management LLC boosted its holdings in shares of Fulton Financial Corporation (NASDAQ:FULT) by 13.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 57,300 shares of the bank’s stock after buying an additional 6,661 shares during the period. RKL Wealth Management LLC’s holdings in Fulton Financial Corporation were worth $1,074,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Fulton Financial Corporation by 7.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,721 shares of the bank’s stock valued at $147,000 after buying an additional 519 shares during the period. Advisor Group Inc. lifted its stake in shares of Fulton Financial Corporation by 5.3% in the 2nd quarter. Advisor Group Inc. now owns 8,336 shares of the bank’s stock valued at $158,000 after acquiring an additional 417 shares during the last quarter. Riverhead Capital Management LLC lifted its stake in shares of Fulton Financial Corporation by 56.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 9,985 shares of the bank’s stock valued at $190,000 after acquiring an additional 3,585 shares during the last quarter. FDx Advisors Inc. bought a new stake in shares of Fulton Financial Corporation in the 3rd quarter valued at about $192,000. Finally, Sei Investments Co. lifted its stake in shares of Fulton Financial Corporation by 3.8% in the 2nd quarter. Sei Investments Co. now owns 10,378 shares of the bank’s stock valued at $198,000 after acquiring an additional 377 shares during the last quarter. 62.57% of the stock is owned by institutional investors.
Several equities analysts have recently weighed in on FULT shares. ValuEngine raised Fulton Financial Corporation from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Zacks Investment Research upgraded Fulton Financial Corporation from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research note on Tuesday, July 25th. Jefferies Group LLC restated a “hold” rating and issued a $20.00 price objective on shares of Fulton Financial Corporation in a research note on Friday, September 15th. Piper Jaffray Companies reiterated a “hold” rating and issued a $18.00 price target on shares of Fulton Financial Corporation in a research note on Thursday, October 19th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $17.00 price target on shares of Fulton Financial Corporation in a research note on Thursday, October 19th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. Fulton Financial Corporation presently has an average rating of “Hold” and a consensus price target of $18.67.
Shares of Fulton Financial Corporation (FULT) remained flat at $$17.80 during mid-day trading on Thursday. 722,100 shares of the company were exchanged, compared to its average volume of 853,791. The company has a market capitalization of $3,117.17, a PE ratio of 17.28 and a beta of 1.16. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.98 and a quick ratio of 0.98. Fulton Financial Corporation has a fifty-two week low of $16.45 and a fifty-two week high of $19.90.
Fulton Financial Corporation (NASDAQ:FULT) last released its earnings results on Tuesday, October 17th. The bank reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. The business had revenue of $194.19 million during the quarter, compared to analysts’ expectations of $200.00 million. Fulton Financial Corporation had a net margin of 21.15% and a return on equity of 8.28%. The company’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.24 earnings per share. equities research analysts forecast that Fulton Financial Corporation will post 1.05 EPS for the current fiscal year.
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About Fulton Financial Corporation
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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