GSA Capital Partners LLP cut its stake in shares of Fulton Financial Corporation (NASDAQ:FULT) by 71.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,865 shares of the bank’s stock after selling 36,349 shares during the period. GSA Capital Partners LLP’s holdings in Fulton Financial were worth $279,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of FULT. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Fulton Financial by 7.2% in 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 in the last quarter. Advisor Group Inc. raised its position in shares of Fulton Financial by 5.3% in the second quarter. Advisor Group Inc. now owns 8,336 shares of the bank’s stock valued at $158,000 after buying an additional 417 shares in the last quarter. Riverhead Capital Management LLC raised its position in shares of Fulton Financial by 56.0% in the second quarter. Riverhead Capital Management LLC now owns 9,985 shares of the bank’s stock valued at $190,000 after buying an additional 3,585 shares in the last quarter. FDx Advisors Inc. acquired a new stake in shares of Fulton Financial in the third quarter valued at approximately $192,000. Finally, C M Bidwell & Associates Ltd. raised its position in shares of Fulton Financial by 121.1% in the second quarter. C M Bidwell & Associates Ltd. now owns 10,755 shares of the bank’s stock valued at $204,000 after buying an additional 5,890 shares in the last quarter. Hedge funds and other institutional investors own 62.73% of the company’s stock.
A number of research firms have recently weighed in on FULT. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $17.50 price target on shares of Fulton Financial in a research report on Tuesday, October 3rd. Piper Jaffray Companies reiterated a “hold” rating and issued a $18.00 price target on shares of Fulton Financial in a research report on Thursday, October 19th. BidaskClub downgraded shares of Fulton Financial from a “sell” rating to a “strong sell” rating in a research report on Saturday, January 6th. Zacks Investment Research upgraded shares of Fulton Financial from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research report on Wednesday, January 3rd. Finally, Barclays lifted their price target on shares of Fulton Financial from $18.00 to $19.00 and gave the company an “underweight” rating in a research report on Tuesday, January 2nd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $18.80.
Fulton Financial Corporation (NASDAQ FULT) opened at $18.50 on Thursday. The stock has a market cap of $3,240.00, a P/E ratio of 18.14 and a beta of 1.17. 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 one year low of $16.45 and a one year high of $19.90.
Fulton Financial (NASDAQ:FULT) last announced its quarterly earnings data on Tuesday, October 17th. The bank reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. The business had revenue of $194.19 million for the quarter, compared to analysts’ expectations of $200.00 million. Fulton Financial had a net margin of 21.15% and a return on equity of 8.28%. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period last year, the firm posted $0.24 earnings per share. equities analysts anticipate that Fulton Financial Corporation will post 1.03 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd will be paid a $0.11 dividend. The ex-dividend date is Friday, December 29th. This represents a $0.44 dividend on an annualized basis and a yield of 2.38%. Fulton Financial’s dividend payout ratio (DPR) is 43.14%.
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Fulton Financial 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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