Mutual of America Capital Management LLC grew its holdings in shares of Fulton Financial Corporation (NASDAQ:FULT) by 1.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 147,983 shares of the bank’s stock after purchasing an additional 2,729 shares during the period. Mutual of America Capital Management LLC owned about 0.08% of Fulton Financial Corporation worth $2,775,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the business. BlackRock Inc. increased its stake in Fulton Financial Corporation by 17,543.0% during the first quarter. BlackRock Inc. now owns 18,627,957 shares of the bank’s stock worth $332,509,000 after purchasing an additional 18,522,374 shares during the period. Vanguard Group Inc. increased its stake in Fulton Financial Corporation by 2.1% during the second quarter. Vanguard Group Inc. now owns 15,089,443 shares of the bank’s stock worth $286,699,000 after purchasing an additional 314,230 shares during the period. Dimensional Fund Advisors LP increased its stake in Fulton Financial Corporation by 0.8% during the second quarter. Dimensional Fund Advisors LP now owns 14,443,398 shares of the bank’s stock worth $274,426,000 after purchasing an additional 112,692 shares during the period. State Street Corp increased its stake in Fulton Financial Corporation by 4.0% during the second quarter. State Street Corp now owns 9,239,829 shares of the bank’s stock worth $175,556,000 after purchasing an additional 353,566 shares during the period. Finally, Alliancebernstein L.P. increased its stake in Fulton Financial Corporation by 0.6% during the second quarter. Alliancebernstein L.P. now owns 5,009,090 shares of the bank’s stock worth $95,173,000 after purchasing an additional 29,669 shares during the period. Institutional investors own 62.85% of the company’s stock.
Shares of Fulton Financial Corporation (FULT) opened at 18.70 on Monday. Fulton Financial Corporation has a 1-year low of $14.45 and a 1-year high of $19.90. The stock has a market capitalization of $3.27 billion, a price-to-earnings ratio of 18.33 and a beta of 1.17. The company’s 50 day moving average is $18.42 and its 200-day moving average is $18.21.
Fulton Financial Corporation (NASDAQ:FULT) last released its quarterly earnings results on Tuesday, October 17th. The bank reported $0.28 EPS for the quarter, topping the consensus estimate of $0.27 by $0.01. The firm had revenue of $194.19 million for the quarter, compared to analyst estimates of $200.00 million. Fulton Financial Corporation had a return on equity of 8.28% and a net margin of 21.15%. Fulton Financial Corporation’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.24 EPS. Equities analysts anticipate that Fulton Financial Corporation will post $1.06 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Monday, October 2nd were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 2.35%. The ex-dividend date of this dividend was Friday, September 29th. Fulton Financial Corporation’s dividend payout ratio (DPR) is presently 42.72%.
A number of analysts have issued reports on FULT shares. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $18.00 price target on shares of Fulton Financial Corporation in a research note on Tuesday, September 26th. Jefferies Group LLC reiterated a “hold” rating and set a $20.00 price target on shares of Fulton Financial Corporation in a research note on Friday, September 15th. Zacks Investment Research lowered shares of Fulton Financial Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. BidaskClub lowered shares of Fulton Financial Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. Finally, Stephens started coverage on shares of Fulton Financial Corporation in a research note on Thursday, July 13th. They set an “equal weight” rating on the stock. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. Fulton Financial Corporation currently has a consensus rating of “Hold” and a consensus target price of $18.67.
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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