1 week Ago By ABMN Staff
CIBC Private Wealth Group LLC purchased a new position in shares of Fulton Financial Co. ( NASDAQ:FULT – Free Report ) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 12,959 shares of the bank’s stock, valued at approximately $251,000.
Several other institutional investors and hedge funds also recently made changes to their positions in FULT. Nordea Investment Management AB raised its stake in Fulton Financial by 6.5% during the 4th quarter.
Nordea Investment Management AB now owns 567,790 shares of the bank’s stock worth $11,007,000 after buying an additional 34,844 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Fulton Financial by 0.
8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,377,428 shares of the bank’s stock worth $45,837,000 after purchasing an additional 19,329 shares during the period.
JPMorgan Chase & Co. lifted its holdings in shares of Fulton Financial by 130.4% during the 3rd quarter.
JPMorgan Chase & Co. now owns 557,303 shares of the bank’s stock valued at $10,104,000 after purchasing an additional 315,435 shares in the last quarter. EMC Capital Management grew its position in shares of Fulton Financial by 151.
2% in the 4th quarter. EMC Capital Management now owns 22,607 shares of the bank’s stock valued at $436,000 after purchasing an additional 13,607 shares during the period. Finally, Allworth Financial LP grew its position in shares of Fulton Financial by 1,255.
1% in the 4th quarter. Allworth Financial LP now owns 20,381 shares of the bank’s stock valued at $420,000 after purchasing an additional 18,877 shares during the period. Institutional investors and hedge funds own 72.
02% of the company’s stock. Insider Buying and Selling In other news, President Angela M. Snyder sold 13,322 shares of Fulton Financial stock in a transaction dated Monday, January 27th.
The shares were sold at an average price of $20.69, for a total value of $275,632.18.
Following the completion of the transaction, the president now owns 63,682 shares of the company’s stock, valued at $1,317,580.58. This trade represents a 17.
30 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link . 1.
07% of the stock is owned by corporate insiders. Analyst Upgrades and Downgrades View Our Latest Report on Fulton Financial Fulton Financial Trading Down 6.8 % Shares of NASDAQ:FULT opened at $15.
13 on Monday. The company’s 50-day moving average price is $19.13 and its two-hundred day moving average price is $19.
41. Fulton Financial Co. has a one year low of $13.
87 and a one year high of $22.49. The company has a debt-to-equity ratio of 0.
32, a current ratio of 0.90 and a quick ratio of 0.90.
The stock has a market capitalization of $2.76 billion, a PE ratio of 9.64 and a beta of 0.
76. Fulton Financial ( NASDAQ:FULT – Get Free Report ) last released its earnings results on Tuesday, January 21st. The bank reported $0.
48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.06.
Fulton Financial had a return on equity of 11.41% and a net margin of 15.87%.
During the same quarter last year, the firm earned $0.42 EPS. On average, equities analysts forecast that Fulton Financial Co.
will post 1.91 EPS for the current fiscal year. Fulton Financial Announces Dividend The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th.
Investors of record on Tuesday, April 1st will be paid a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, April 1st.
This represents a $0.72 annualized dividend and a dividend yield of 4.76%.
Fulton Financial’s dividend payout ratio is presently 45.86%. Fulton Financial Profile ( Free Report ) Fulton Financial Corporation operates as a financial holding company that provides consumer and commercial banking products and services in Pennsylvania, Delaware, Maryland, New Jersey, and Virginia.
It accepts various checking accounts and savings deposit products, certificates of deposit, and individual retirement accounts. Featured Stories Receive News & Ratings for Fulton Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fulton Financial and related companies with MarketBeat.com's FREE daily email newsletter .
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