A Director at Fulton Financial Corp. (NASDAQ: FULT) is Selling Shares

By Carrie Williams

Today, a Director at Fulton Financial Corp. (NASDAQ: FULT), Patrick Freer, sold shares of FULT for $6,195.

This is Freer’s first Sell trade following 20 Buy transactions. In addition to Patrick Freer, 14 other FULT executives reported Sell trades in the last month.

Based on Fulton Financial Corp.’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $200 million and quarterly net profit of $41.47 million. In comparison, last year the company earned revenue of $187 million and had a net profit of $34.25 million. The company has a one year high of $18.40 and a one year low of $11.48. FULT’s market cap is $3.09B and the company has a P/E ratio of 19.62.

The insider sentiment on Fulton Financial Corp. has been neutral according to 41 insider trades in the past three months. This sentiment is higher than the average sentiment of company insiders in this sector.

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Fulton Financial Corp. engages in the provision of consumer and commercial banking products and services. Its personal banking services include various checking account and savings deposit products, certificates of deposit and individual retirement accounts. It offers a variety of fixed and variable-rate products, including construction loans and jumbo loans. The residential mortgages are offered through Fulton Mortgage Co., which operates as a division of each subsidiary bank. The consumer loan products also include automobile loans, automobile and equipment leases, personal lines of credit, credit cards and checking account overdraft protection. The firm also offers investment management, trust, brokerage, insurance and investment advisory services to consumer and commercial banking customers in the market areas serviced by the subsidiary banks. The company was founded on February 8, 1982 and is headquartered in Lancaster, PA.