Fulton Financial Corp (FULT) Sees Significant Increase in Short Interest
Apr 21 2017 by Johnny Bowman
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The share price of the company (NASDAQ:HAFC) was down -1.06%, with a high of 28.70 during the day and the volume of Hanmi Financial Corporation shares traded was 184131.
The bank, based in Lancaster, Pennsylvania, said it had earnings of 25 cents per share.
RF has been the topic of several recent analyst reports.
First American Financial Corp (FAF) formed inverse H&S with $41.74 target or 9.00% above today's $38.29 share price. Barclays Capital downgraded Fulton Financial Corp (NASDAQ:FULT) on Tuesday, December 6 to "Underweight" rating.
Fulton Financial Corp (NASDAQ:FULT)'s stock had its "hold" rating reissued by Keefe, Bruyette & Woods in a research report issued to clients and investors on Thursday.
Fulton Financial Corp (NASDAQ:FULT) opened at 17.35 on Wednesday.
Separately, Zacks Investment Research raised shares of First Financial Corporation Indiana from a "hold" rating to a "buy" rating and set a $45.00 price target on the stock in a report on Wednesday, November 2nd.
Based on the latest brokerage notes which have been released to investors, 2 brokers have issued a rating of "strong buy", 1 brokers "buy", 3 brokers "neutral", 0 brokers "sell" and 0 brokers "strong sell". They now have a Dollars 34 price target on the stock. $3.98M worth of First American Financial Corp (NYSE:FAF) was sold by GILMORE DENNIS J. The stock has a market capitalization of $16.10 billion, a P/E ratio of 15.29 and a beta of 1.37.
Regions Financial Corporation (RF) closed 9.94% above its 200-day moving average and is -9.86% below another chart threshold, its 50-day moving average. Regions Financial Corp has a one year low of $7.80 and a one year high of $16.03.
Fulton Financial Corp (NASDAQ:FULT) last announced its earnings results on Tuesday, April 18th. The bank reported $0.23 EPS for the quarter, topping analysts' consensus estimates of $0.22 by $0.01. The company reported revenue of $1.41 Billion in the same period past year. This is an increase from Fulton Financial Corp's previous quarterly dividend of $0.10.
The number of shares traded in the last trading session was 29.15 Million. This is a positive change from Fulton Financial Corp's previous quarterly dividend of $0.10. Earnings per share of 25 cents were 2 cents higher than the average estimate of analysts compiled by FactSet Research Systems.
On 10/27/2016 Hanmi Financial Corp announced a quarterly dividend of $0.19 3.12% with an ex dividend date of 11/4/2016 which will be payable on 11/23/2016. Fulton Financial Corp. had 14 analyst reports since July 24, 2015 according to SRatingsIntel. The most recent short interest data show 2.36% of the company's stock are short sold.
Stock is now moving with a positive distance from the 200 day simple moving average of approximately 9.88%, and has a poor year to date (YTD) performance of -6.57% which means the stock is constantly subtracting to its value from the previous fiscal year end price. Riverhead Capital Management LLC now owns 7,100 shares of the bank's stock worth $103,000 after buying an additional 5,186 shares during the last quarter. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The stock was sold at an average price of $14.52, for a total value of $624,360.00. Following the transaction, the executive vice president now directly owns 240,659 shares in the company, valued at approximately $3,523,247.76. Moreover, Horizon Kinetics Llc has 5.76% invested in the company for 2.98 million shares. Corporate insiders own 0.75% of the company's stock.
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Regions Financial Corporation (RF) belongs to the "Financial" sector with an industry focus on "Regional - Southeast Banks", with Mr. O. B. Grayson Hall Jr.as Chairman, Chief Exec. Officer, Pres, Chairman of Regions Bank, Chief Exec. Officer of Regions Bank and Pres of Regions Bank.