Schwab Charles Investment Management Inc. boosted its position in shares of Fulton Financial Corporation (NASDAQ:FULT) by 2.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,043,076 shares of the bank’s stock after purchasing an additional 21,178 shares during the quarter. Schwab Charles Investment Management Inc. owned approximately 0.60% of Fulton Financial Corporation worth $19,819,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Capstone Asset Management Co. boosted its position in Fulton Financial Corporation by 0.5% during the first quarter. Capstone Asset Management Co. now owns 13,849 shares of the bank’s stock worth $247,000 after purchasing an additional 70 shares in the last quarter. LS Investment Advisors LLC boosted its position in Fulton Financial Corporation by 0.6% during the first quarter. LS Investment Advisors LLC now owns 11,894 shares of the bank’s stock worth $212,000 after purchasing an additional 72 shares in the last quarter. Wagner Bowman Management Corp boosted its position in Fulton Financial Corporation by 0.6% during the second quarter. Wagner Bowman Management Corp now owns 12,178 shares of the bank’s stock worth $231,000 after purchasing an additional 74 shares in the last quarter. Northwestern Mutual Investment Management Company LLC boosted its position in Fulton Financial Corporation by 0.5% during the first quarter. Northwestern Mutual Investment Management Company LLC now owns 30,003 shares of the bank’s stock worth $536,000 after purchasing an additional 142 shares in the last quarter. Finally, Bank of Montreal Can boosted its position in Fulton Financial Corporation by 1.3% during the first quarter. Bank of Montreal Can now owns 12,971 shares of the bank’s stock worth $231,000 after purchasing an additional 169 shares in the last quarter. Institutional investors own 62.99% of the company’s stock.

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In other news, insider Michael J. Deporter sold 1,500 shares of the firm’s stock in a transaction on Friday, July 21st. The stock was sold at an average price of $18.00, for a total transaction of $27,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Craig A. Roda sold 19,309 shares of the firm’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $18.42, for a total value of $355,671.78. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,348 shares of company stock valued at $484,312. Corporate insiders own 0.68% of the company’s stock.

Shares of Fulton Financial Corporation (FULT) opened at 17.95 on Thursday. Fulton Financial Corporation has a 12 month low of $14.04 and a 12 month high of $19.90. The stock has a 50 day moving average price of $17.49 and a 200 day moving average price of $18.09. The stock has a market capitalization of $3.14 billion, a P/E ratio of 18.13 and a beta of 1.16.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Monday, October 2nd will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 2.45%. The ex-dividend date of this dividend is Friday, September 29th. Fulton Financial Corporation’s dividend payout ratio is presently 44.44%.

FULT has been the topic of a number of research analyst reports. Zacks Investment Research downgraded Fulton Financial Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Jefferies Group LLC reiterated a “hold” rating and set a $20.00 target price on shares of Fulton Financial Corporation in a research report on Friday, September 15th. BidaskClub downgraded Fulton Financial Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 12th. Stephens initiated coverage on Fulton Financial Corporation in a research report on Thursday, July 13th. They set an “equal weight” rating on the stock. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $18.00 target price on shares of Fulton Financial Corporation in a research report on Friday, June 23rd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. Fulton Financial Corporation has an average rating of “Hold” and a consensus target price of $18.33.

About Fulton Financial Corporation

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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