Kestrel Investment Management Corp Lowers stake in Fulton Financial Corp (FULT)

Fulton Financial Corp (FULT) : Kestrel Investment Management Corp reduced its stake in Fulton Financial Corp by 1.51% during the most recent quarter end. The investment management company now holds a total of 725,800 shares of Fulton Financial Corp which is valued at $9.6 Million after selling 11,150 shares in Fulton Financial Corp , the firm said in a disclosure report filed with the SEC on May 12, 2016.Fulton Financial Corp makes up approximately 3.71% of Kestrel Investment Management Corp’s portfolio.

Other Hedge Funds, Including , Ubs Asset Management Americas Inc reduced its stake in FULT by selling 309,800 shares or 66.6% in the most recent quarter. The Hedge Fund company now holds 155,384 shares of FULT which is valued at $2.1 Million. Cipher Capital Lp added FULT to its portfolio by purchasing 54,795 company shares during the most recent quarter which is valued at $724,390. Fulton Financial Corp makes up approx 0.07% of Cipher Capital Lp’s portfolio.Mutual Of America Capital Management boosted its stake in FULT in the latest quarter, The investment management firm added 7,447 additional shares and now holds a total of 121,102 shares of Fulton Financial Corp which is valued at $1.6 Million. Fulton Financial Corp makes up approx 0.04% of Mutual Of America Capital Management’s portfolio.Blackrock Advisors boosted its stake in FULT in the latest quarter, The investment management firm added 12,091 additional shares and now holds a total of 226,710 shares of Fulton Financial Corp which is valued at $3 Million.Municipal Employees’ Retirement System Of Michigan boosted its stake in FULT in the latest quarter, The investment management firm added 1,770 additional shares and now holds a total of 57,880 shares of Fulton Financial Corp which is valued at $773,856. Fulton Financial Corp makes up approx 0.05% of Municipal Employees’ Retirement System Of Michigan’s portfolio.

Fulton Financial Corp opened for trading at $13.68 and hit $13.825 on the upside on Friday, eventually ending the session at $13.77, with a gain of 1.32% or 0.18 points. The heightened volatility saw the trading volume jump to 8,32,543 shares. Company has a market cap of $2,388,627 M.

On the company’s financial health, Fulton Financial Corp reported $0.22 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 19, 2016. Analyst had a consensus of $0.21.Analysts expectations of $ 175.06.During the same quarter in the previous year, the company posted $0.22 EPS.

Many Wall Street Analysts have commented on Fulton Financial Corp. Fulton Financial Corp was Downgraded by Guggenheim to ” Neutral” on Mar 7, 2016.

Fulton Financial Corporation is a multi-bank financial holding company. The Company provides a range of banking and financial services to businesses and consumers through its six wholly owned 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. In addition the Company owns the non-bank subsidiaries such as Fulton Reinsurance Company LTD Fulton Financial Realty Company Central Pennsylvania Financial Corp. FFC Management Inc. FFC Penn Square Inc. and Fulton Insurance Services Group Inc. The Company offers through its banking subsidiaries a range of retail and commercial banking services in Pennsylvania Delaware Maryland New Jersey and Virginia.

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