Fulton Financial Corp (FULT) Shares Sold by Teachers Retirement System of The State of Kentucky

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Teachers Retirement System of The State of Kentucky lowered its holdings in Fulton Financial Corp (NASDAQ:FULT) by 14.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 27,026 shares of the bank’s stock after selling 4,500 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Fulton Financial were worth $450,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. grew its holdings in Fulton Financial by 7.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,307,156 shares of the bank’s stock valued at $21,569,000 after buying an additional 94,626 shares during the last quarter. Toth Financial Advisory Corp grew its holdings in Fulton Financial by 545.6% in the 3rd quarter. Toth Financial Advisory Corp now owns 20,175 shares of the bank’s stock valued at $336,000 after buying an additional 17,050 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Fulton Financial by 11.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 112,818 shares of the bank’s stock valued at $1,862,000 after buying an additional 11,229 shares during the last quarter. Foundry Partners LLC grew its holdings in shares of Fulton Financial by 0.3% during the 3rd quarter. Foundry Partners LLC now owns 1,347,519 shares of the bank’s stock worth $22,436,000 after purchasing an additional 4,223 shares in the last quarter. Finally, Wagner Bowman Management Corp grew its holdings in shares of Fulton Financial by 66.1% during the 3rd quarter. Wagner Bowman Management Corp now owns 20,742 shares of the bank’s stock worth $345,000 after purchasing an additional 8,256 shares in the last quarter. 63.09% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:FULT opened at $16.30 on Friday. Fulton Financial Corp has a 1-year low of $15.05 and a 1-year high of $19.55. The company has a market cap of $2.88 billion, a PE ratio of 14.47, a PEG ratio of 1.70 and a beta of 0.99. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.43.

Fulton Financial (NASDAQ:FULT) last posted its earnings results on Tuesday, October 16th. The bank reported $0.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.04. The business had revenue of $214.23 million during the quarter, compared to the consensus estimate of $209.72 million. Fulton Financial had a return on equity of 8.89% and a net margin of 20.45%. During the same quarter last year, the company earned $0.28 EPS. Research analysts expect that Fulton Financial Corp will post 1.2 EPS for the current year.

The business also recently announced a special dividend, which will be paid on Friday, December 14th. Investors of record on Monday, December 3rd will be given a dividend of $0.04 per share. This represents a dividend yield of 2.89%. The ex-dividend date of this dividend is Friday, November 30th. This is an increase from Fulton Financial’s previous special dividend of $0.03. Fulton Financial’s dividend payout ratio (DPR) is 44.86%.

Several analysts have recently weighed in on FULT shares. BidaskClub lowered Fulton Financial from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 2nd. Zacks Investment Research raised Fulton Financial from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a report on Friday, October 5th. Barclays raised Fulton Financial from an “underweight” rating to an “overweight” rating and lifted their price objective for the stock from $18.00 to $19.00 in a report on Wednesday, October 3rd. Finally, ValuEngine raised Fulton Financial from a “sell” rating to a “hold” rating in a report on Saturday, December 1st. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $18.83.

In related news, Director Ernest J. Waters bought 2,000 shares of the business’s stock in a transaction that occurred on Thursday, November 8th. The stock was acquired at an average price of $16.71 per share, for a total transaction of $33,420.00. Following the transaction, the director now directly owns 27,793 shares of the company’s stock, valued at $464,421.03. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ronald H. Spair bought 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 4th. The shares were bought at an average price of $16.73 per share, with a total value of $167,300.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 18,002 shares of company stock valued at $300,773 in the last 90 days. 0.84% of the stock is owned by corporate insiders.

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About Fulton Financial

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

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