Janney Montgomery Scott LLC Lowers Holdings in Fulton Financial Corp (FULT)
Janney Montgomery Scott LLC lessened its stake in Fulton Financial Corp (NASDAQ:FULT) by 4.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 105,528 shares of the bank’s stock after selling 5,100 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Fulton Financial were worth $1,757,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently bought and sold shares of the company. BlackRock Inc. boosted its stake in shares of Fulton Financial by 4.6% in the 2nd quarter. BlackRock Inc. now owns 20,268,134 shares of the bank’s stock valued at $334,423,000 after purchasing an additional 887,707 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Fulton Financial by 0.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 14,321,729 shares of the bank’s stock valued at $236,310,000 after purchasing an additional 130,352 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Fulton Financial by 0.8% in the 2nd quarter. Northern Trust Corp now owns 4,343,376 shares of the bank’s stock valued at $71,665,000 after purchasing an additional 34,154 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Fulton Financial by 0.7% in the 3rd quarter. Victory Capital Management Inc. now owns 3,256,110 shares of the bank’s stock valued at $54,214,000 after purchasing an additional 22,348 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Fulton Financial by 1.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,305,293 shares of the bank’s stock valued at $38,036,000 after purchasing an additional 27,083 shares during the last quarter. Hedge funds and other institutional investors own 62.07% of the company’s stock.
In other news, Director Ernest J. Waters acquired 2,000 shares of Fulton Financial stock in a transaction that occurred on Thursday, November 8th. The shares were acquired at an average price of $16.71 per share, with a total value of $33,420.00. Following the purchase, the director now directly owns 27,793 shares of the company’s stock, valued at $464,421.03. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider David M. Campbell acquired 6,002 shares of Fulton Financial stock in a transaction that occurred on Thursday, November 8th. The shares were purchased at an average cost of $16.67 per share, for a total transaction of $100,053.34. The disclosure for this purchase can be found here. 0.84% of the stock is owned by company insiders.
Fulton Financial stock opened at $16.60 on Wednesday. Fulton Financial Corp has a fifty-two week low of $15.05 and a fifty-two week high of $19.55. The company has a market cap of $2.97 billion, a P/E ratio of 15.51, a PEG ratio of 1.76 and a beta of 0.99. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.97 and a current ratio of 0.97.
Fulton Financial (NASDAQ:FULT) last released its quarterly earnings data on Tuesday, October 16th. The bank reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.04. Fulton Financial had a net margin of 20.45% and a return on equity of 8.89%. The business had revenue of $214.23 million for the quarter, compared to analyst estimates of $209.72 million. During the same quarter last year, the firm earned $0.28 EPS. Analysts expect that Fulton Financial Corp will post 1.2 EPS for the current fiscal year.
The company also recently disclosed a special dividend, which will be paid on Friday, December 14th. Investors of record on Monday, December 3rd will be paid a dividend of $0.04 per share. This is a positive change from Fulton Financial’s previous special dividend of $0.03. The ex-dividend date of this dividend is Friday, November 30th. This represents a yield of 2.89%. Fulton Financial’s dividend payout ratio (DPR) is presently 44.86%.
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Fulton Financial Profile
Fulton Financial Corporation operates as a multi-bank financial holding company that provides banking and financial services to businesses and consumers. It accepts various checking accounts and savings deposit products, certificates of deposit, and individual retirement accounts. The company also offers consumer loans, including home equity loans and lines of credit, automobile loans, automobile and equipment leases, personal lines of credit, and checking account overdraft protection; construction and jumbo residential mortgage loans; and commercial lending products comprising commercial, financial, agricultural, and real estate loans.
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