Barclays PLC lowered its holdings in shares of Fulton Financial Corp (NASDAQ:FULT) by 11.6% in the third quarter, Holdings Channel.com reports. The fund owned 111,661 shares of the bank’s stock after selling 14,644 shares during the quarter. Barclays PLC’s holdings in Fulton Financial were worth $1,807,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Advisory Services Network LLC grew its stake in Fulton Financial by 34.9% in the second quarter. Advisory Services Network LLC now owns 2,418 shares of the bank’s stock worth $40,000 after purchasing an additional 625 shares in the last quarter. CWM LLC lifted its holdings in shares of Fulton Financial by 8.3% in the 2nd quarter. CWM LLC now owns 8,722 shares of the bank’s stock worth $143,000 after buying an additional 667 shares during the period. Los Angeles Capital Management & Equity Research Inc. lifted its holdings in shares of Fulton Financial by 1.3% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 55,907 shares of the bank’s stock worth $915,000 after buying an additional 700 shares during the period. Royal Bank of Canada grew its position in shares of Fulton Financial by 0.3% during the 2nd quarter. Royal Bank of Canada now owns 247,970 shares of the bank’s stock worth $4,061,000 after buying an additional 863 shares in the last quarter. Finally, Smith Graham & Co. Investment Advisors LP grew its position in shares of Fulton Financial by 0.3% during the 3rd quarter. Smith Graham & Co. Investment Advisors LP now owns 335,510 shares of the bank’s stock worth $5,429,000 after buying an additional 1,080 shares in the last quarter. Institutional investors own 64.96% of the company’s stock.
In related news, EVP David M. Campbell acquired 5,900 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was purchased at an average cost of $16.89 per share, for a total transaction of $99,651.00. Insiders own 1.02% of the company’s stock.
Fulton Financial (NASDAQ:FULT) last posted its earnings results on Tuesday, October 22nd. The bank reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. The company had revenue of $221.07 million during the quarter, compared to analyst estimates of $222.21 million. Fulton Financial had a return on equity of 10.31% and a net margin of 22.88%. Fulton Financial’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.37 earnings per share. Analysts anticipate that Fulton Financial Corp will post 1.41 EPS for the current fiscal year.
The business also recently declared a dividend, which will be paid on Monday, December 16th. Stockholders of record on Wednesday, December 4th will be given a $0.04 dividend. The ex-dividend date is Tuesday, December 3rd. Fulton Financial’s payout ratio is 44.07%.
Several analysts recently weighed in on the company. Zacks Investment Research upgraded Fulton Financial from a “sell” rating to a “hold” rating in a report on Tuesday, October 29th. BidaskClub lowered shares of Fulton Financial from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Finally, ValuEngine upgraded shares of Fulton Financial from a “sell” rating to a “hold” rating in a report on Monday, November 25th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $18.83.
About Fulton Financial
Fulton Financial Corporation operates as a multi-bank financial holding company that provides banking and financial services to businesses and consumers. It accepts various checking accounts and savings deposit products, certificates of deposit, and individual retirement accounts. The company also offers consumer loans, including home equity loans and lines of credit, automobile loans, automobile and equipment leases, personal lines of credit, and checking account overdraft protection; construction and jumbo residential mortgage loans; and commercial lending products comprising commercial, financial, agricultural, and real estate loans.
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