Fulton Financial Corp. (FULT) Sees Unusually-High Trading Volume
Fulton Financial Corp. (NASDAQ:FULT) saw strong trading volume on Thursday . 604,930 shares changed hands during mid-day 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 equities research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Fulton Financial Corp. from a “buy” rating to a “hold” rating in a research note on Monday, June 27th. FBR & Co reaffirmed 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, Fulton Financial Corp. has an average rating of “Hold” and a consensus price target of $13.50.
The firm’s 50 day moving average is $13.92 and its 200 day moving average is $13.62. The stock has a market capitalization of $2.51 billion and a price-to-earnings ratio of 16.68.
Fulton Financial Corp. (NASDAQ:FULT) last issued its quarterly earnings results on Tuesday, July 19th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.01. Equities analysts expect that Fulton Financial Corp. will post $0.91 earnings per share for the current fiscal year.
In other news, Director James R. Moxley III purchased 9,896 shares of the stock in a transaction on Wednesday, July 27th. The shares were acquired at an average price of $13.71 per share, with a total value of $135,674.16. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Philmer H. Rohrbaugh purchased 14,000 shares of the stock in a transaction on Tuesday, August 16th. The shares were purchased at an average cost of $13.96 per share, for a total transaction of $195,440.00. The disclosure for this purchase 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.