Wagner Bowman Management Corp Has $160,000 Stake in Fulton Financial Corp. (FULT)
Wagner Bowman Management Corp increased its stake in Fulton Financial Corp. (NASDAQ:FULT) by 0.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,878 shares of the company’s stock after buying an additional 74 shares during the period. Wagner Bowman Management Corp’s holdings in Fulton Financial Corp. were worth $160,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in the company. Bank of Montreal Can acquired a new stake in Fulton Financial Corp. during the second quarter valued at about $172,000. RKL Wealth Management LLC raised its stake in Fulton Financial Corp. by 63.3% in the second quarter. RKL Wealth Management LLC now owns 48,337 shares of the company’s stock valued at $671,000 after buying an additional 18,737 shares in the last quarter. LS Investment Advisors LLC raised its stake in Fulton Financial Corp. by 76.7% in the second quarter. LS Investment Advisors LLC now owns 10,458 shares of the company’s stock valued at $141,000 after buying an additional 4,538 shares in the last quarter. Eagle Boston Investment Management Inc. raised its stake in Fulton Financial Corp. by 1.1% in the second quarter. Eagle Boston Investment Management Inc. now owns 69,233 shares of the company’s stock valued at $934,000 after buying an additional 775 shares in the last quarter. Finally, Foundry Partners LLC acquired a new stake in Fulton Financial Corp. during the second quarter valued at about $12,236,000. Institutional investors and hedge funds own 59.12% of the company’s stock.
Shares of Fulton Financial Corp. (NASDAQ:FULT) traded up 1.72% during midday trading on Thursday, reaching $14.80. The company had a trading volume of 1,247,699 shares. The company has a 50 day moving average price of $14.20 and a 200-day moving average price of $13.77. The firm has a market capitalization of $2.56 billion, a P/E ratio of 17.05 and a beta of 1.28. Fulton Financial Corp. has a one year low of $11.48 and a one year high of $14.82.
Fulton Financial Corp. (NASDAQ:FULT) last released its quarterly earnings results on Tuesday, July 19th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. Fulton Financial Corp. had a return on equity of 7.31% and a net margin of 19.52%. On average, analysts anticipate that Fulton Financial Corp. will post $0.91 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, September 28th. This represents a $0.40 annualized dividend and a dividend yield of 2.70%. Fulton Financial Corp.’s dividend payout ratio is currently 45.98%.
Several research firms have issued reports on FULT. Zacks Investment Research lowered 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 report on Wednesday, July 20th. Finally, Hovde Group initiated coverage on Fulton Financial Corp. in a research report on Monday, September 12th. They issued an “outperform” rating and a $16.00 target price on the stock. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $13.89.
In other Fulton Financial Corp. news, EVP Curtis J. Myers sold 15,580 shares of Fulton Financial Corp. stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $14.34, for a total transaction of $223,417.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director James R. Moxley III bought 9,896 shares of the company’s stock in a transaction on Wednesday, July 27th. The shares were purchased at an average cost of $13.71 per share, for a total transaction of $135,674.16. The disclosure for this purchase can be found here. Company insiders own 0.75% of the company’s stock.
About Fulton Financial Corp.
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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