Fulton Financial Corp. (FULT) Sees Large Volume Increase
Fulton Financial Corp. (NASDAQ:FULT) shares saw unusually-strong trading volume on Thursday . Approximately 604,930 shares traded hands during trading, an increase of 6% from the previous session’s volume of 569,560 shares.The stock last traded at $14.31 and had previously closed at $14.46.
A number of research analysts have commented on FULT shares. Zacks Investment Research upgraded Fulton Financial Corp. from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Monday, July 11th. FBR & Co restated a “hold” rating on shares of Fulton Financial Corp. in a research note on Wednesday, July 20th. Eight equities research analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and an average target price of $13.50.
The firm has a market cap of $2.48 billion and a P/E ratio of 16.52. The firm’s 50 day moving average price is $13.90 and its 200-day moving average price is $13.61.
Fulton Financial Corp. (NASDAQ:FULT) last issued its quarterly earnings results on Tuesday, July 19th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.22 by $0.01. On average, equities analysts predict that Fulton Financial Corp. will post $0.91 EPS for the current year.
In other Fulton Financial Corp. news, Director James R. Moxley III purchased 9,896 shares of the stock in a transaction dated Wednesday, July 27th. The stock was bought at an average price of $13.71 per share, for a total transaction of $135,674.16. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Curtis J. Myers sold 15,580 shares of Fulton Financial Corp. stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $14.34, for a total transaction of $223,417.20. The disclosure for this sale can be found here.
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 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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