December 1, 2016 - By Marie Mckinney · 0 Comments
Fulton Financial Corp (NASDAQ:FULT) institutional sentiment decreased to 0.99 in Q2 2016. Its down -0.42, from 1.41 in 2016Q1. The ratio is negative, as 100 active investment managers increased or opened new positions, while 71 cut down and sold positions in Fulton Financial Corp. The active investment managers in our partner’s database now hold: 101.51 million shares, up from 99.03 million shares in 2016Q1. Also, the number of active investment managers holding Fulton Financial Corp in their top 10 positions was flat from 2 to 2 for the same number . Sold All: 16 Reduced: 55 Increased: 78 New Position: 22.
Fulton Financial Corporation is a multi-bank financial holding company. The company has a market cap of $3.11 billion. The Firm provides a range of banking and financial services to businesses and clients through its banking subsidiaries: Fulton Bank, N.A., Fulton Bank of New Jersey, The Columbia Bank, Lafayette Ambassador Bank, FNB Bank, N.A. and Swineford National Bank. It has a 19.81 P/E ratio. The Company, through its banking subsidiaries, offers a range of retail and commercial banking services in Pennsylvania, Delaware, Maryland, New Jersey and Virginia.
About 399,741 shares traded hands. Fulton Financial Corp (NASDAQ:FULT) has risen 27.06% since April 28, 2016 and is uptrending. It has outperformed by 21.13% the S&P500.
Analysts await Fulton Financial Corp (NASDAQ:FULT) to report earnings on January, 17. They expect $0.24 EPS, up 9.09% or $0.02 from last year’s $0.22 per share. FULT’s profit will be $41.58 million for 18.70 P/E if the $0.24 EPS becomes a reality. After $0.24 actual EPS reported by Fulton Financial Corp for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
According to Zacks Investment Research, “Fulton Financial Corp. is a bank holding company. It provides retail and commercial banking and investment management and trust services in central and eastern Pennsylvania, southern New Jersey, northern Maryland and southern Delaware through its wholly-owned subsidiaries: Fulton Bank, Lebanon Valley Farmers Bank, Swineford National Bank, Lafayette Ambassador Bank, FNB Bank, N.A., Great Valley Bank, Hagerstown Trust Company, Delaware National Bank, The Bank of Gloucester County, The Woodstown National Bank & Trust Company, and The Peoples Bank of Elkton.”
Kestrel Investment Management Corp holds 3.61% of its portfolio in Fulton Financial Corp for 646,200 shares. Fulton Bank N.A. owns 1.80 million shares or 2.38% of their US portfolio. Moreover, Dalton Greiner Hartman Maher & Co has 1% invested in the company for 1.19 million shares. The Pennsylvania-based Clark Capital Management Group Inc. has invested 0.78% in the stock. Foundry Partners Llc, a Minnesota-based fund reported 906,376 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 1 insider purchase, and 15 sales for $2.78 million net activity.
Ratings analysis reveals 0 of Fulton Financial Corp.’s analysts are positive. Out of 8 Wall Street analysts rating Fulton Financial Corp., 0 give it “Buy”, 0 “Sell” rating, while 8 recommend “Hold”. The lowest target is $11 while the high is $19. The stock’s average target of $14 is -22.01% below today’s ($17.95) share price. FULT was included in 13 notes of analysts from July 24, 2015. The firm has “Hold” rating by Guggenheim given on Monday, March 7. On Wednesday, October 21 the stock rating was upgraded by Boenning & Scattergood to “Outperform”. Hovde Group downgraded the shares of FULT in a report on Friday, November 18 to “Market Perform” rating. The stock of Fulton Financial Corp (NASDAQ:FULT) earned “Outperform” rating by Hovde Group on Monday, September 12. The firm has “Market Perform” rating given on Thursday, October 22 by Keefe Bruyette & Woods. The stock has “Buy” rating given by Guggenheim on Thursday, January 21. The firm has “Neutral” rating given on Wednesday, November 18 by JP Morgan. FBR Capital maintained Fulton Financial Corp (NASDAQ:FULT) rating on Thursday, October 20. FBR Capital has “Mkt Perform” rating and $15 price target. The company was downgraded on Thursday, April 21 by Boenning & Scattergood.
Fulton Financial Corporation, incorporated on February 8, 1982, is a multi-bank financial holding company. The Firm provides a range of banking and financial services to businesses and clients through its banking subsidiaries: Fulton Bank, N.A., Fulton Bank of New Jersey, The Columbia Bank, Lafayette Ambassador Bank, FNB Bank, N.A. and Swineford National Bank. The Company, through its banking subsidiaries, offers a range of retail and commercial banking services in Pennsylvania, Delaware, Maryland, New Jersey and Virginia.
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By Marie Mckinney