E Philip Wenger, a director at Fulton Financial Corp (NASDAQ:FULT), executed a sale of 5,000 shares of the company’s $2.50 par value common stock on July 13, 2026. The aggregate value of the divested shares reached $120,713. Each share was sold at a weighted average price of $24.1427, with transaction prices spanning from $24.11 to $24.25. The disposal was facilitated under a Rule 10b5-1 trading plan established by Mr. Wenger on June 13, 2025. The transaction was conducted indirectly through an Individual Retirement Account (IRA). This activity occurs as Fulton Financial shares trade close to their 52-week high of $24.71, with the stock currently priced at a price-to-earnings (P/E) ratio of 11.48.
Post-transaction, Mr. Wenger’s indirect shareholdings via the IRA stand at 75,477 shares. His direct ownership totals 583,918.883 shares, encompassing 120,996.5261 shares held jointly with his spouse. Furthermore, 459.6732 shares are held indirectly by his children. The $4.61 billion bank maintains a dividend yield of 3.14%. According to InvestingPro analysis, FULT appears undervalued at current levels. For deeper insights, investors can access the comprehensive Pro Research Report, available for FULT and 1,400+ other US stocks.
In other recent news, Fulton Financial Corporation reported its earnings for Q1 2026, surpassing expectations with an EPS of $0.51, compared to the forecasted $0.47. Despite this earnings beat, the company’s revenue slightly missed projections, coming in at $331.8 million against the anticipated $334.08 million. Additionally, Fulton Financial completed the merger of Blue Foundry Bank into Fulton Bank, N.A., enhancing its service offerings and expanding its reach across the Mid-Atlantic region. The company also announced the pricing of $300 million in subordinated notes, which will initially pay a fixed interest rate before switching to a floating rate in 2031. FultonFollowAnalyze FULTIncluded in our AI-picked strategies·Review strategies24.07▼-0.11(-0.43%)Real-time Data·15:23:34·USD1D1W1M6M1Y5YMaxCreated with Highcharts 11.4.814/0716:0018:002424.124.224.3Analyze FULTIn another development, Fulton Financial declared a quarterly cash dividend of $0.19 per share, payable to shareholders of record as of July 1, 2026. Piper Sandler initiated coverage on the company with a Neutral rating, setting a price target of $23.00, and noted the potential for improved profitability driven by net interest margin improvements and recent acquisitions. These developments provide a snapshot of the company’s current financial and strategic positioning.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.Is now the time to buy FULT?ProPicks AI evaluates FULT every month against thousands of alternatives using 100+ financial metrics.It found Siemens Energy (+231.5%) and Sandisk (+189%) before the crowd did. Could FULT be next—or is there a better opportunity in the same space?Don't wait to find out.July Sale - 60% Off InvestingPro