GSA Capital Partners LLP reduced its position in Fulton Financial Corp (NASDAQ:FULT) by 71.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. grew its position in Fulton Financial by 0.5% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 15,522 shares of the bank’s stock valued at $295,000 after purchasing an additional 77 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Fulton Financial by 0.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 25,513 shares of the bank’s stock valued at $485,000 after purchasing an additional 82 shares in the last quarter. Amalgamated Bank grew its position in Fulton Financial by 0.8% during the second quarter. Amalgamated Bank now owns 24,388 shares of the bank’s stock valued at $463,000 after purchasing an additional 195 shares in the last quarter. Advisor Group Inc. grew its position in Fulton Financial by 5.3% during the second quarter. Advisor Group Inc. now owns 8,336 shares of the bank’s stock valued at $158,000 after purchasing an additional 417 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Fulton Financial 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 purchasing an additional 519 shares in the last quarter. 62.89% of the stock is currently owned by institutional investors and hedge funds.
Fulton Financial Corp (FULT) traded down $0.10 during midday trading on Friday, reaching $18.25. 819,082 shares of the company’s stock were exchanged, compared to its average volume of 846,391. 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 Corp has a 1 year low of $16.45 and a 1 year high of $19.90. The firm has a market capitalization of $3,210.00, a PE ratio of 18.62 and a beta of 1.05.
Fulton Financial (NASDAQ:FULT) last issued its quarterly earnings data on Monday, January 22nd. The bank reported $0.28 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.28. Fulton Financial had a net margin of 19.59% and a return on equity of 8.51%. The business had revenue of $206.37 million during the quarter, compared to analysts’ expectations of $201.30 million. During the same period in the previous year, the company earned $0.24 earnings per share. Fulton Financial’s revenue for the quarter was up 11.6% on a year-over-year basis. analysts expect that Fulton Financial Corp will post 1.25 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Tuesday, January 2nd were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date was Friday, December 29th. Fulton Financial’s payout ratio is 44.90%.
FULT has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Fulton Financial from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research report on Wednesday, January 3rd. Piper Jaffray Companies reiterated a “hold” rating and issued a $18.00 target price on shares of Fulton Financial in a research note on Thursday, October 19th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $17.00 target price on shares of Fulton Financial in a research note on Thursday, October 19th. BidaskClub cut shares of Fulton Financial from a “hold” rating to a “sell” rating in a research note on Saturday, December 9th. Finally, Barclays lifted their target price on shares of Fulton Financial from $18.00 to $19.00 and gave the company an “underweight” rating in a research note on Tuesday, January 2nd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $18.80.
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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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