Boston Partners lowered its stake in Fulton Financial Corporation (NASDAQ:FULT) by 17.6% during the second quarter, Holdings Channel reports. The institutional investor owned 587,140 shares of the bank’s stock after selling 125,800 shares during the period. Boston Partners’ holdings in Fulton Financial Corporation were worth $11,156,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. 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 valued at $1,262,000 after buying an additional 900 shares in the last quarter. 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 valued at $1,783,000 after buying an additional 5,057 shares in the last quarter. 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 valued at $4,145,000 after buying an additional 77,266 shares in the last quarter. 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 valued at $1,086,000 after buying an additional 800 shares in the last quarter. 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 valued at $1,604,000 after buying an additional 25,750 shares in the last quarter. 62.30% of the stock is currently owned by institutional investors.

Fulton Financial Corporation (NASDAQ:FULT) opened at 17.35 on Thursday. The company has a market capitalization of $3.04 billion, a PE ratio of 17.53 and a beta of 1.16. The company has a 50-day moving average of $18.39 and a 200-day moving average of $18.33. Fulton Financial Corporation has a 52 week low of $13.83 and a 52 week high of $19.90.

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

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Several research analysts have recently commented 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 set an “equal weight” rating on the stock. 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 set 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 on the stock in a report on Tuesday, July 25th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. Fulton Financial Corporation currently has a consensus rating of “Hold” and a consensus target price of $18.33.

In related news, insider Craig A. Roda sold 19,309 shares of the company’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 transaction of $355,671.78. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director R Scott Smith, Jr. sold 5,539 shares of the company’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 have sold a total of 26,348 shares of company stock worth $484,312 in the last ninety days. 0.68% of the stock is currently owned by insiders.

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).

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

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