What’s Next for Fulton Financial Corporation (NASDAQ:FULT) After Having More Shares Shorted?

July 27, 2018 - By Vernon Prom

Investors sentiment decreased to 0.81 in 2018 Q1. Its down 0.47, from 1.28 in 2017Q4. It worsened, as 23 investors sold Fulton Financial Corporation shares while 71 reduced holdings. 25 funds opened positions while 51 raised stakes. 106.96 million shares or 0.44% less from 107.43 million shares in 2017Q4 were reported.
Teacher Retirement Systems Of Texas reported 38,759 shares. State Board Of Administration Of Florida Retirement reported 0.01% stake. First Bankshares Of Newtown reported 0.08% in Fulton Financial Corporation (NASDAQ:FULT). Boston Private Wealth Limited Liability Company holds 0.04% or 54,208 shares. Retirement System Of Alabama has 226,703 shares for 0.02% of their portfolio. Moreover, Oberweis Asset Mngmt has 0.1% invested in Fulton Financial Corporation (NASDAQ:FULT) for 21,771 shares. Credit Suisse Ag holds 0% of its portfolio in Fulton Financial Corporation (NASDAQ:FULT) for 125,381 shares. Oregon Public Employees Retirement Fund invested 0.02% in Fulton Financial Corporation (NASDAQ:FULT). Pnc Finance Service Group has invested 0% in Fulton Financial Corporation (NASDAQ:FULT). Pennsylvania-based Hudock Cap Group Ltd Liability Corp has invested 0.02% in Fulton Financial Corporation (NASDAQ:FULT). Retail Bank Of Mellon invested in 0.01% or 2.28M shares. 48,300 are held by New Mexico Educational Retirement Board. Moreover, Comerica Savings Bank has 0.03% invested in Fulton Financial Corporation (NASDAQ:FULT). Wagner Bowman Management stated it has 0.06% in Fulton Financial Corporation (NASDAQ:FULT). Rhumbline Advisers invested 0.01% of its portfolio in Fulton Financial Corporation (NASDAQ:FULT).

Since April 20, 2018, it had 1 buy, and 2 insider sales for $109,989 activity. 4,660 Fulton Financial Corporation (NASDAQ:FULT) shares with value of $79,573 were sold by Campbell David M. HODGES GEORGE W sold $65,216 worth of stock or 3,825 shares.

The stock of Fulton Financial Corporation (NASDAQ:FULT) registered an increase of 15.84% in short interest. FULT’s total short interest was 3.06 million shares in July as published by FINRA. Its up 15.84% from 2.64 million shares, reported previously. With 898,800 shares average volume, it will take short sellers 3 days to cover their FULT’s short positions. The short interest to Fulton Financial Corporation’s float is 1.76%.

The stock increased 0.87% or $0.15 during the last trading session, reaching $17.45. About 490,812 shares traded. Fulton Financial Corporation (NASDAQ:FULT) has risen 0.72% since July 27, 2017 and is uptrending. It has underperformed by 11.85% the S&P500.

Fulton Financial Corporation operates as a multi-bank financial holding firm that provides banking and financial services to businesses and consumers. The company has market cap of $3.07 billion. It accepts various checking accounts and savings deposit products, certificates of deposit, and individual retirement accounts. It has a 17.28 P/E ratio. The firm also offers consumer loans, including home equity loans and lines of credit, automobile loans, automobile and equipment leases, personal lines of credit, and checking account overdraft protection; fixed, variable, and adjustable-rate products, such as construction and jumbo loans; and residential mortgages, as well as commercial lending products comprising commercial, financial, agricultural, and real estate loans.

Fulton Financial Corporation (NASDAQ:FULT) Ratings Coverage

Among 8 analysts covering Fulton Financial Corp (NASDAQ:FULT), 1 have Buy rating, 1 Sell and 6 Hold. Therefore 13% are positive. Fulton Financial Corp had 9 analyst reports since March 26, 2018 according to SRatingsIntel. The firm has “Underweight” rating by Barclays Capital given on Thursday, April 19. The company was maintained on Monday, April 23 by Hovde Group. The stock has “Hold” rating by Jefferies on Thursday, April 19. As per Wednesday, April 18, the company rating was maintained by Boenning & Scattergood. The rating was maintained by Boenning & Scattergood on Friday, June 1 with “Hold”. The stock of Fulton Financial Corporation (NASDAQ:FULT) has “Overweight” rating given on Thursday, July 19 by PiperJaffray. Sandler O’Neill maintained the shares of FULT in report on Monday, March 26 with “Hold” rating. The firm has “Hold” rating by Piper Jaffray given on Thursday, April 19.

More news for Fulton Financial Corporation (NASDAQ:FULT) were recently published by: Benzinga.com, which released: “4 Reasons Why This Analyst Turned Bullish On Fulton Financial” on July 19, 2018. Seekingalpha.com‘s article titled: “Fulton Financial Corporation (FULT) CEO Philip Wenger on Q2 2018 Results – Earnings Call Transcript” and published on July 18, 2018 is yet another important article.

Fulton Financial Corporation (NASDAQ:FULT) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.