In November, there was a noticeable decline in the amount of short interest in Fulton Financial Co. (NASDAQ: FULT). As of November 15, there were 4,240,000 shares totaling short interest, a 17.2% decrease from 5,120,000 shares as of October 31. The short-interest ratio is 4.6 days, with an average of 919,300 traded daily.
On October 18, Fulton Financial (NASDAQ: FULT) released its most recent earnings report. The quarterly earnings per share (EPS) were $0.48, which was $0.04 more than the typical estimate of $0.44. In contrast to the $262.15 million analysts had projected, the company’s sales for the quarter came in at $278.71 million. The net margin for Fulton Financial was 26.40%, and the return on equity was 11.82%. On average, experts predict that Fulton Financial will generate $1.79 in profits per share for the current fiscal year.
The company also announced a special dividend that would be paid on December 15. Shareholders who had shares listed as of Thursday, December 1, will receive a dividend of $0.06 per share. The ex-dividend date for this dividend is November 30, a Wednesday. Fulton Financial’s payout percentage is 38.22%.
During regular trading hours on Friday, 570,974 fewer NASDAQ FULT were exchanged than usual (723,118 shares), resulting in a $0.08 gain in price to $18.60. The company’s debt-to-equity ratio, quick ratio, and current ratio are each 0.12. The stock has a market value of $3.12 billion, a price-to-earnings ratio of 11.85, and a beta of 0.79. Fulton Financial’s 12-month low and 12-month high are $13.72 and $19.17, respectively. The stock’s 50-day and 200-day simple moving averages are $16.62 and $16.41, respectively.
In other Fulton Financial news, EVP Angela M. Snyder sold 4,818 shares of the business’s stock on Monday, October 31. The stock was sold at an average $18.23 for a total transaction value of $87,832.14. Following the sale, the executive vice president owns 33,246 company shares valued at $606,074.58. Documentation outlining the transaction was submitted to the Securities and Exchange Commission and is available online at the SEC website. Another piece of information is the 11,581 shares of company stock sold by EVP Angela M. Sargent on December 1. The stock was sold for a total transaction value of $215,059.17 at an average $18.57 per share. The executive vice president currently directly owns 70,079 company shares worth $1,301,367.03. You can access a legal filing with the Securities and Exchange Commission where the sale was disclosed by clicking this link.
Additionally, EVP Angela M. Snyder sold 4,818 shares of the business’s stock on Monday, October 31. The shares were sold at an average price of $18.23 per share for a total transaction value of $87,832.14. As a consequence of the transaction, the executive vice president now directly owns 33,246 company shares, valued at $606,074.58. The disclosure for this sale is available here. Insiders of the company own 1.01% of the outstanding shares.
Several eminent investors have recently bought and sold shares of the company. BlackRock Inc. grew its stake in Fulton Financial by 0.3% during the third quarter. A total of 60,370 more shares of the bank’s stock, with a market value of $357,167,000, are now held by BlackRock Inc. Vanguard Group Inc. grew its stake in Fulton Financial by 7.2% during the third quarter. Vanguard Group Inc. now owns 17,117,537 shares of the bank’s stock, valued at $270,457,000, after acquiring an additional 1,149,047 shares in the most recent quarter. Dimensional Fund Advisors LP boosted its stake in Fulton Financial by 5.6% during the third quarter. Dimensional Fund Advisors LP now directly owns 12,013,267 shares of the bank’s stock, valued at $189,811,000, after acquiring an additional 634,909 shares in the recent last quarter. State Street Corp. boosted its ownership of Fulton Financial by 8.9% during the first quarter. State Street Corp. now owns 8,941,860 shares of the bank’s stock, valued at $8,941,860, after acquiring an additional 731,995 shares in the recent last quarter. Not to note, Fuller & Thaler Asset Management Inc. grew its stake in Fulton Financial by 0.4% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 2,922,756 shares of the bank’s stock, valued at $48,576,000, after acquiring 12,065 more shares in the most recent quarter. Institutions hold 64.90% of the company’s equity.
