Fulton Financial Corporation (FULT) to Issue $0.11 Quarterly Dividend

Fulton Financial Corporation (NASDAQ:FULT) declared a quarterly dividend on Wednesday, September 20th, Wall Street Journal reports. Investors of record on Monday, October 2nd will be paid a dividend of 0.11 per share by the bank on Friday, October 13th. This represents a $0.44 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date of this dividend is Friday, September 29th.

Shares of Fulton Financial Corporation (NASDAQ:FULT) traded up 0.84% on Wednesday, reaching $17.95. The company had a trading volume of 909,043 shares. The stock’s 50 day moving average is $17.49 and its 200 day moving average is $18.09. Fulton Financial Corporation has a 52 week low of $14.04 and a 52 week high of $19.90. The firm has a market capitalization of $3.14 billion, a price-to-earnings ratio of 18.13 and a beta of 1.16.

Fulton Financial Corporation (NASDAQ:FULT) last released its earnings results on Tuesday, July 18th. The bank reported $0.26 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.26. Fulton Financial Corporation had a return on equity of 8.02% and a net margin of 20.86%. The company had revenue of $193.93 million during the quarter, compared to analyst estimates of $194.02 million. During the same quarter in the previous year, the company posted $0.23 EPS. On average, equities analysts anticipate that Fulton Financial Corporation will post $1.06 EPS for the current year.

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A number of equities research analysts have recently weighed in on FULT shares. Zacks Investment Research lowered Fulton Financial Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Jefferies Group LLC reissued a “hold” rating and issued a $20.00 target price on shares of Fulton Financial Corporation in a research note on Friday, September 15th. BidaskClub lowered Fulton Financial Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. Stephens started coverage on Fulton Financial Corporation in a research note on Thursday, July 13th. They issued an “equal weight” rating for the company. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $18.00 target price on shares of Fulton Financial Corporation in a research note on Friday, June 23rd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $18.33.

In related news, insider Michael J. Deporter sold 1,500 shares of the business’s stock in a transaction dated Friday, July 21st. The stock was sold at an average price of $18.00, for a total transaction of $27,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director R Scott Smith, Jr. sold 5,539 shares of the business’s stock in a transaction dated 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. In the last 90 days, insiders have sold 26,348 shares of company stock worth $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).

Dividend History for Fulton Financial Corporation (NASDAQ:FULT)

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