Texas Permanent School Fund increased its position in shares of Fulton Financial Corporation (NASDAQ:FULT) by 1.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 127,634 shares of the bank’s stock after buying an additional 1,587 shares during the period. Texas Permanent School Fund’s holdings in Fulton Financial Corporation were worth $2,425,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. State Treasurer State of Michigan boosted its position in shares of Fulton Financial Corporation by 1.3% in the first quarter. State Treasurer State of Michigan now owns 70,700 shares of the bank’s stock worth $1,262,000 after buying an additional 900 shares during the period. Great West Life Assurance Co. Can boosted its position in shares of Fulton Financial Corporation by 5.3% in the first quarter. Great West Life Assurance Co. Can now owns 100,183 shares of the bank’s stock worth $1,783,000 after buying an additional 5,057 shares during the period. Wells Fargo & Company MN boosted its position in shares of Fulton Financial Corporation by 49.9% in the first quarter. Wells Fargo & Company MN now owns 232,171 shares of the bank’s stock worth $4,145,000 after buying an additional 77,266 shares during the period. Oregon Public Employees Retirement Fund boosted its position in shares of Fulton Financial Corporation by 1.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 60,853 shares of the bank’s stock worth $1,086,000 after buying an additional 800 shares during the period. Finally, Security National Trust Co. boosted its position in shares of Fulton Financial Corporation by 40.1% in the first quarter. Security National Trust Co. now owns 89,946 shares of the bank’s stock worth $1,604,000 after buying an additional 25,750 shares during the period. 62.08% of the stock is owned by institutional investors.

Shares of Fulton Financial Corporation (NASDAQ:FULT) opened at 17.70 on Thursday. Fulton Financial Corporation has a 52-week low of $13.59 and a 52-week high of $19.90. The firm has a market capitalization of $3.09 billion, a price-to-earnings ratio of 17.88 and a beta of 1.16. The stock has a 50 day moving average of $18.55 and a 200 day moving average of $18.36.

Fulton Financial Corporation (NASDAQ:FULT) last released its earnings results on Tuesday, July 18th. The bank reported $0.26 EPS for the quarter, hitting analysts’ consensus estimates of $0.26. Fulton Financial Corporation had a net margin of 20.86% and a return on equity of 8.02%. The business had revenue of $193.93 million for the quarter, compared to the consensus estimate of $194.02 million. During the same period in the previous year, the firm earned $0.23 EPS. On average, analysts predict that Fulton Financial Corporation will post $1.06 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Monday, July 3rd were issued a $0.11 dividend. The ex-dividend date of this dividend was Thursday, June 29th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.49%. Fulton Financial Corporation’s payout ratio is currently 44.44%.

ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by Daily Political and is owned by of Daily Political. If you are reading this piece of content on another website, it was illegally copied and republished in violation of US and international copyright & trademark laws. The correct version of this piece of content can be viewed at https://www.dailypolitical.com/2017/08/10/fulton-financial-corporation-fult-shares-bought-by-texas-permanent-school-fund.html.

A number of research analysts have issued reports on the stock. BidaskClub raised shares of Fulton Financial Corporation from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. Stephens assumed coverage on shares of Fulton Financial Corporation in a report on Thursday, July 13th. They issued an “equal weight” rating for the company. Boenning Scattergood reaffirmed a “hold” rating on shares of Fulton Financial Corporation in a report on Wednesday, July 19th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $20.00 target price on shares of Fulton Financial Corporation in a report on Friday, July 14th. Finally, Zacks Investment Research raised shares of Fulton Financial Corporation from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a report on Tuesday, July 25th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $18.33.

In related news, insider Craig A. Roda sold 19,309 shares of the business’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $18.42, for a total value of $355,671.78. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director R Scott Smith, Jr. sold 5,539 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $18.35, for a total transaction of $101,640.65. The disclosure for this sale can be found here. Insiders sold a total of 26,348 shares of company stock worth $484,312 over the last quarter. Insiders own 0.68% of the company’s stock.

Fulton Financial Corporation Company Profile

Fulton Financial Corporation is a financial holding company. The Company is the bank holding company of Fulton Bank N.A. (the Bank). As of December 31, 2016, the Company’s six subsidiary banks were located primarily in suburban or semi-rural geographic markets throughout a five-state region (Pennsylvania, Delaware, Maryland, New Jersey and Virginia).

Want to see what other hedge funds are holding FULT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fulton Financial Corporation (NASDAQ:FULT).

Institutional Ownership by Quarter for Fulton Financial Corporation (NASDAQ:FULT)

Receive News & Ratings for Fulton Financial Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fulton Financial Corporation and related companies with MarketBeat.com's FREE daily email newsletter.