Fulton Financial Corporation (NASDAQ:FULT) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC reduced its stake in shares of Fulton Financial Corporation (NASDAQ:FULT) by 0.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 90,940 shares of the bank’s stock after selling 560 shares during the period. Nisa Investment Advisors LLC owned about 0.05% of Fulton Financial Corporation worth $1,728,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can boosted its stake in Fulton Financial Corporation by 5.3% in the first quarter. Great West Life Assurance Co. Can now owns 100,183 shares of the bank’s stock valued at $1,783,000 after buying an additional 5,057 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Fulton Financial Corporation by 49.9% in the first quarter. Wells Fargo & Company MN now owns 232,171 shares of the bank’s stock worth $4,145,000 after buying an additional 77,266 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of Fulton Financial Corporation by 1.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 60,853 shares of the bank’s stock worth $1,086,000 after buying an additional 800 shares in the last quarter. Security National Trust Co. boosted its stake in shares of Fulton Financial Corporation by 40.1% in the first quarter. Security National Trust Co. now owns 89,946 shares of the bank’s stock worth $1,604,000 after buying an additional 25,750 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in shares of Fulton Financial Corporation by 29.3% in the first quarter. Janney Montgomery Scott LLC now owns 33,812 shares of the bank’s stock worth $604,000 after buying an additional 7,656 shares in the last quarter. Hedge funds and other institutional investors own 62.30% of the company’s stock.

Fulton Financial Corporation (FULT) opened at 17.05 on Friday. The firm has a market capitalization of $2.98 billion, a price-to-earnings ratio of 17.22 and a beta of 1.16. The company’s 50 day moving average price is $18.27 and its 200-day moving average price is $18.31. Fulton Financial Corporation has a 12-month low of $13.95 and a 12-month high of $19.90.

Fulton Financial Corporation (NASDAQ:FULT) last announced its quarterly earnings results on Tuesday, July 18th. The bank reported $0.26 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.26. The company had revenue of $193.93 million during the quarter, compared to analysts’ expectations 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 in the previous year, the business earned $0.23 earnings per share. On average, equities analysts anticipate that Fulton Financial Corporation will post $1.06 earnings per share for the current fiscal year.

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A number of equities research analysts have recently issued reports on FULT shares. ValuEngine upgraded Fulton Financial Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 6th. Zacks Investment Research upgraded Fulton Financial Corporation from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research note on Tuesday, July 25th. Stephens started coverage on Fulton Financial Corporation in a research note on Thursday, July 13th. They set an “equal weight” rating on the stock. Boenning Scattergood reiterated a “hold” rating on shares of Fulton Financial Corporation in a research note on Wednesday, July 19th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $20.00 price objective on shares of Fulton Financial Corporation in a research note on Friday, July 14th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $18.33.

In other news, insider Michael J. Deporter sold 1,500 shares of Fulton Financial Corporation stock in a transaction on Friday, July 21st. The stock was sold at an average price of $18.00, for a total value of $27,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director R Scott Smith, Jr. sold 5,539 shares of Fulton Financial Corporation stock in a transaction on Monday, July 31st. The shares were sold at an average price of $18.35, for a total value of $101,640.65. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,348 shares of company stock valued at $484,312. 0.68% of the stock is owned by company insiders.

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).

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

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