Shares of Fulton Financial Corp. (NASDAQ:FULT) traded down 1.4% during mid-day trading on Monday . The stock traded as low as $13.80 and last traded at $13.84, with a volume of 337,864 shares traded. The stock had previously closed at $14.04.

Several analysts recently weighed in on FULT shares. Zacks Investment Research cut shares of Fulton Financial Corp. from a “buy” rating to a “hold” rating in a report on Monday, June 27th. Boenning Scattergood cut shares of Fulton Financial Corp. from an “outperform” rating to a “neutral” rating in a report on Thursday, April 21st. Finally, Barclays PLC raised their target price on shares of Fulton Financial Corp. from $12.00 to $14.00 and gave the company an “equal weight” rating in a report on Monday, March 28th. Nine equities research analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and a consensus target price of $13.44.

The company has a market cap of $2.40 billion and a P/E ratio of 16.35. The firm has a 50 day moving average price of $13.70 and a 200-day moving average price of $13.26.

The company also recently declared a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Friday, July 1st were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.89%. This is an increase from Fulton Financial Corp.’s previous quarterly dividend of $0.09. The ex-dividend date was Wednesday, June 29th.

A number of large investors recently modified their holdings of the company. Boston Partners bought a new stake in shares of Fulton Financial Corp. during the fourth quarter valued at $11,798,000. Dimensional Fund Advisors LP raised its stake in shares of Fulton Financial Corp. by 7.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 12,197,980 shares of the company’s stock valued at $158,698,000 after buying an additional 819,850 shares in the last quarter. Russell Frank Co raised its stake in shares of Fulton Financial Corp. by 115.4% in the fourth quarter. Russell Frank Co now owns 466,407 shares of the company’s stock valued at $6,171,000 after buying an additional 249,884 shares in the last quarter. Ameritas Investment Partners Inc. raised its stake in shares of Fulton Financial Corp. by 355.6% in the fourth quarter. Ameritas Investment Partners Inc. now owns 182,831 shares of the company’s stock valued at $2,378,000 after buying an additional 142,700 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in shares of Fulton Financial Corp. by 23.4% in the fourth quarter. First Trust Advisors LP now owns 401,074 shares of the company’s stock valued at $5,218,000 after buying an additional 76,068 shares in the last quarter.

Fulton Financial Corporation is a multi-bank financial holding company. The Company provides a range of banking and financial services to businesses and consumers through its six wholly owned banking subsidiaries: Fulton Bank, N.A., Fulton Bank of New Jersey, The Columbia Bank, Lafayette Ambassador Bank, FNB Bank, N.A.

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