November 23, 2016 - By Vivian Park
25,741 shares of Fulton Financial Corp were sold by Beth Chivinski, the corporation’s SEVP & Chief Risk Officer. These insider shares are valued at exactly $460,772 which has been calculated on the basis of the average transactions stock price ($17.9 per share). It seems she is very active lately as in the last 30 days, she unloaded additional 25,409 shares of the company, worth $418,139 USD. And, It’s sure Beth’s sell isn’t going to remain unseen as she currently is owning 48,085 shares – ( 0.03% of Fulton Financial Corp’s Market Cap ).
Out of 8 analysts covering Fulton Financial Corp. (NASDAQ:FULT), 0 rate it a “Buy”, 0 “Sell”, while 8 “Hold”. This means 0 are positive. $19 is the highest target while $11 is the lowest. The $14 average target is -22.95% below today’s ($18.17) stock price. Fulton Financial Corp. has been the topic of 13 analyst reports since July 24, 2015 according to StockzIntelligence Inc. As per Monday, March 7, the company rating was downgraded by Guggenheim. Boenning & Scattergood downgraded the shares of FULT in a report on Thursday, April 21 to “Neutral” rating. Boenning & Scattergood upgraded Fulton Financial Corp (NASDAQ:FULT) on Wednesday, October 21 to “Outperform” rating. FBR Capital maintained the stock with “Mkt Perform” rating in Thursday, October 20 report. The company was initiated on Wednesday, November 18 by JP Morgan. Guggenheim upgraded the stock to “Buy” rating in Thursday, January 21 report. Hovde Group initiated the stock with “Outperform” rating in Monday, September 12 report. The stock has “Market Perform” rating given by Hovde Group on Friday, November 18. The stock has “Market Perform” rating given by Keefe Bruyette & Woods on Thursday, October 22.
Insitutional Activity: The institutional sentiment decreased to 0.99 in 2016 Q2. Its down 0.42, from 1.41 in 2016Q1. The ratio dived, as 16 funds sold all Fulton Financial Corp shares owned while 55 reduced positions. 22 funds bought stakes while 78 increased positions. They now own 101.51 million shares or 2.50% more from 99.03 million shares in 2016Q1.
Wheatland Advisors accumulated 31,212 shares or 0.4% of the stock. Vanguard Group has invested 0.01% of its portfolio in Fulton Financial Corp (NASDAQ:FULT). Federated Investors Inc Pa owns 115,312 shares or 0% of their US portfolio. Bank Of America Corporation De owns 502,828 shares or 0% of their US portfolio. Tower Rech Ltd Liability (Trc) reported 13,451 shares or 0.02% of all its holdings. D E Shaw And last reported 38,202 shares in the company. Diam has 0.01% invested in the company for 45,600 shares. Putnam Ltd accumulated 342,236 shares or 0.01% of the stock. Amer Grp Incorporated has invested 0% of its portfolio in Fulton Financial Corp (NASDAQ:FULT). Blackrock Limited Liability holds 0% or 309,554 shares in its portfolio. Highlander Capital Management Limited Liability Company reported 1,966 shares or 0.02% of all its holdings. California Public Employees Retirement Systems reported 692,000 shares or 0.02% of all its holdings. Tower Bridge Advisors holds 15,322 shares or 0% of its portfolio. Kbc Group Nv owns 20,706 shares or 0% of their US portfolio. Alliancebernstein Limited Partnership holds 0.06% of its portfolio in Fulton Financial Corp (NASDAQ:FULT) for 5.05M shares.
Insider Transactions: Since June 21, 2016, the stock had 1 buy, and 13 selling transactions for $2.31 million net activity. DePorter Michael J sold $213,528 worth of stock or 13,948 shares. 15,192 shares were sold by Sargent Angela M, worth $265,916 on Monday, November 14. Chivinski Beth Ann L had sold 10,609 shares worth $187,879 on Monday, November 14. Mueller Meg R sold 13,828 shares worth $244,243. Another trade for 9,068 shares valued at $159,672 was sold by Myers Curtis J. 9,844 shares were sold by Roda Craig A, worth $174,240 on Thursday, November 17. Another trade for 8,876 shares valued at $137,771 was sold by Wenger E Philip.
About 626,632 shares traded hands. Fulton Financial Corp (NASDAQ:FULT) has risen 28.92% since April 21, 2016 and is uptrending. It has outperformed by 23.59% the S&P500.
Fulton Financial Corporation is a multi-bank financial holding company. The company has a market cap of $3.20 billion. The Firm provides a range of banking and financial services to businesses and clients through its banking subsidiaries: Fulton Bank, N.A., Fulton Bank of New Jersey, The Columbia Bank, Lafayette Ambassador Bank, FNB Bank, N.A. and Swineford National Bank. It has a 20.14 P/E ratio. The Company, through its banking subsidiaries, offers a range of retail and commercial banking services in Pennsylvania, Delaware, Maryland, New Jersey and Virginia.
According to Zacks Investment Research, “Fulton Financial Corp. is a bank holding company. It provides retail and commercial banking and investment management and trust services in central and eastern Pennsylvania, southern New Jersey, northern Maryland and southern Delaware through its wholly-owned subsidiaries: Fulton Bank, Lebanon Valley Farmers Bank, Swineford National Bank, Lafayette Ambassador Bank, FNB Bank, N.A., Great Valley Bank, Hagerstown Trust Company, Delaware National Bank, The Bank of Gloucester County, The Woodstown National Bank & Trust Company, and The Peoples Bank of Elkton.”
Analysts await Fulton Financial Corp (NASDAQ:FULT) to report earnings on January, 17. They expect $0.24 earnings per share, up 9.09% or $0.02 from last year’s $0.22 per share. FULT’s profit will be $42.27 million for 18.93 P/E if the $0.24 EPS becomes a reality. After $0.24 actual earnings per share reported by Fulton Financial Corp for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
Another recent and important Fulton Financial Corp (NASDAQ:FULT) news was published by Streetinsider.com which published an article titled: “Form 4 FULTON FINANCIAL CORP For: Nov 17 Filed by: DePorter Michael J” on November 21, 2016.
Fulton Financial Corporation, incorporated on February 8, 1982, is a multi-bank financial holding company. The Firm provides a range of banking and financial services to businesses and clients through its banking subsidiaries: Fulton Bank, N.A., Fulton Bank of New Jersey, The Columbia Bank, Lafayette Ambassador Bank, FNB Bank, N.A. and Swineford National Bank. The Company, through its banking subsidiaries, offers a range of retail and commercial banking services in Pennsylvania, Delaware, Maryland, New Jersey and Virginia.
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By Vivian Park