Fulton Financial Corp (FULT) Releases Earnings Results, Beats Expectations By $0.01 EPS

Fulton Financial Corp (FULT) announced its most recent quarterly financial results on Tuesday, Oct-18-2016. FULT said it had a profit of $0.24 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.23. The company posted revenue of $130.57 million in the period, compared to analysts expectations of $179.10 million. FULT’s revenue was down -23.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 EPS.

Many Wall Street Analysts have commented on Fulton Financial Corp. Hovde Group Initiated Fulton Financial Corp on Sep 12, 2016 to “Outperform”, Price Target of the shares are set at $16.

Fulton Financial Corp opened for trading at $14.31 and hit $14.41 on the upside on Friday, eventually ending the session at $14.26, with a gain of 0.71% or 0.1 points. The heightened volatility saw the trading volume jump to 5,90,606 shares. Company has a market cap of $2,468 M.

In a different news, on Sep 2, 2016, Curtis J Myers (Sr. Executive Vice President) sold 15,580 shares at $14.35 per share price. According to the SEC, on Aug 17, 2016, Philmer H Rohrbaugh (COO) purchased 14,000 shares at $13.96 per share price. On Oct 27, 2015, Michael J Deporter (Principal Accounting Officer) sold 15,833 shares at $13.27 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

Fulton Financial Corp

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