Fulton Financial Corp (NASDAQ:FULT) Shares Sold by Wheatland Advisors Inc.

Wheatland Advisors Inc. lowered its stake in shares of Fulton Financial Corp (NASDAQ:FULT) by 16.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 27,038 shares of the bank’s stock after selling 5,300 shares during the period. Wheatland Advisors Inc.’s holdings in Fulton Financial were worth $443,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FULT. Advisory Services Network LLC lifted its stake in shares of Fulton Financial by 34.9% in the 2nd quarter. Advisory Services Network LLC now owns 2,418 shares of the bank’s stock valued at $40,000 after purchasing an additional 625 shares during the last quarter. Toronto Dominion Bank lifted its stake in shares of Fulton Financial by 25.3% in the 1st quarter. Toronto Dominion Bank now owns 3,167 shares of the bank’s stock valued at $49,000 after purchasing an additional 639 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Fulton Financial in the 2nd quarter valued at $62,000. Pearl River Capital LLC acquired a new position in shares of Fulton Financial in the 1st quarter valued at $112,000. Finally, ETF Managers Group LLC lifted its stake in shares of Fulton Financial by 9.5% in the 1st quarter. ETF Managers Group LLC now owns 8,203 shares of the bank’s stock valued at $127,000 after purchasing an additional 709 shares during the last quarter. 66.24% of the stock is currently owned by institutional investors.

Shares of FULT stock traded down $0.50 on Friday, hitting $15.31. The stock had a trading volume of 1,068,982 shares, compared to its average volume of 695,106. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.96 and a quick ratio of 0.95. The firm has a market capitalization of $2.63 billion, a P/E ratio of 12.97, a P/E/G ratio of 1.41 and a beta of 1.00. Fulton Financial Corp has a 1 year low of $14.38 and a 1 year high of $18.35. The company’s 50 day moving average price is $16.35 and its 200-day moving average price is $16.42.

Fulton Financial (NASDAQ:FULT) last posted its quarterly earnings data on Tuesday, July 16th. The bank reported $0.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.01. The firm had revenue of $221.94 million for the quarter, compared to the consensus estimate of $218.51 million. Fulton Financial had a return on equity of 10.51% and a net margin of 23.75%. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.20 EPS. On average, equities analysts forecast that Fulton Financial Corp will post 1.4 EPS for the current year.

Several equities analysts have recently commented on FULT shares. BidaskClub raised Fulton Financial from a “sell” rating to a “hold” rating in a research note on Friday, June 28th. Zacks Investment Research upgraded Fulton Financial from a “sell” rating to a “hold” rating in a report on Friday, July 19th. Boenning Scattergood reiterated a “hold” rating on shares of Fulton Financial in a report on Wednesday, July 17th. Finally, ValuEngine downgraded Fulton Financial from a “hold” rating to a “sell” rating in a report on Friday, June 21st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. Fulton Financial currently has an average rating of “Hold” and an average price target of $18.83.

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

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