Fulton Financial Corp (NASDAQ:FULT) saw unusually large options trading on Thursday. Stock traders bought 1,000 put options on the company. This represents an increase of 1,463% compared to the typical daily volume of 64 put options.
Shares of NASDAQ FULT traded down $0.13 during mid-day trading on Friday, hitting $17.16. The company had a trading volume of 334,223 shares, compared to its average volume of 977,588. The company has a market capitalization of $2.84 billion, a PE ratio of 14.54 and a beta of 1.02. The business’s 50-day simple moving average is $16.94 and its 200 day simple moving average is $16.42. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.95 and a quick ratio of 0.94. Fulton Financial has a 1-year low of $14.38 and a 1-year high of $17.86.
Fulton Financial (NASDAQ:FULT) last posted its earnings results on Tuesday, October 22nd. The bank reported $0.37 EPS for the quarter, beating the consensus estimate of $0.35 by $0.02. The firm had revenue of $221.07 million for the quarter, compared to analyst estimates of $222.21 million. Fulton Financial had a return on equity of 10.31% and a net margin of 22.88%. Fulton Financial’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.37 earnings per share. On average, analysts expect that Fulton Financial will post 1.41 EPS for the current year.
The firm also recently announced a dividend, which will be paid on Monday, December 16th. Investors of record on Wednesday, December 4th will be issued a $0.04 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. Fulton Financial’s dividend payout ratio (DPR) is presently 44.07%.
A number of research analysts have commented on the company. ValuEngine upgraded Fulton Financial from a “sell” rating to a “hold” rating in a research note on Monday, November 25th. BidaskClub cut Fulton Financial from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Finally, Zacks Investment Research upgraded Fulton Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, October 29th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $18.83.
In other news, EVP David M. Campbell purchased 5,900 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were bought at an average cost of $16.89 per share, for a total transaction of $99,651.00. 1.02% of the stock is owned by corporate insiders.
A number of large investors have recently bought and sold shares of FULT. Advisory Services Network LLC grew its holdings in shares of Fulton Financial by 34.9% during the second quarter. Advisory Services Network LLC now owns 2,418 shares of the bank’s stock worth $40,000 after buying an additional 625 shares during the last quarter. CWM LLC grew its holdings in shares of Fulton Financial by 8.3% during the second quarter. CWM LLC now owns 8,722 shares of the bank’s stock worth $143,000 after buying an additional 667 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. grew its holdings in shares of Fulton Financial by 1.3% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 55,907 shares of the bank’s stock worth $915,000 after buying an additional 700 shares during the last quarter. CWM Advisors LLC grew its holdings in shares of Fulton Financial by 8.3% during the second quarter. CWM Advisors LLC now owns 10,985 shares of the bank’s stock worth $180,000 after buying an additional 845 shares during the last quarter. Finally, Royal Bank of Canada grew its holdings in shares of Fulton Financial by 0.3% during the second quarter. Royal Bank of Canada now owns 247,970 shares of the bank’s stock worth $4,061,000 after buying an additional 863 shares during the last quarter. 64.96% of the stock is currently owned by hedge funds and other institutional investors.
Fulton Financial Company 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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