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

By Carrie Williams

Today, a Director at Fulton Financial Corp (FULTResearch Report), Ronald Spair, bought shares of FULT for $167.2K.

This recent transaction increases Ronald Spair’s holding in the company by 110.23% to a total of $311.6K. This is Spair’s first transaction since reporting a Sell transaction on OSUR back in August 2017

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Based on Fulton Financial Corp’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $245 million and quarterly net profit of $65.63 million. In comparison, last year the company earned revenue of $224 million and had a net profit of $48.91 million. FULT’s market cap is $2.88B and the company has a P/E ratio of 15.70. Currently, Fulton Financial Corp has an average volume of 2.02M.

Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $19.25, reflecting a 17.7% upside.

The insider sentiment on Fulton Financial Corp has been positive according to 58 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

Ronald Spair’s trades have generated a -4.9% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Fulton Financial Corp. is financial holding company, which through its subsidiaries, engages in the provision of consumer and commercial banking products and services. It offers checking account and savings deposit products, certificates of deposit and individual retirement accounts.