Insider Trading in Action: Fulton Financial Corp (FULT)

Fulton Financial Corp (NASDAQ:FULT) insider has recently participated in insider trading activity. Sr. Executive Vice President, Myers Curtis J bought 593 shares for $7,324 via one transaction Jan 27. Another notable insider trading was done by the same insider on Jan 26. Myers Curtis J sold 4,165 shares at an average price of $12.09 for a total of $50,357. Following the transaction, the insider now owns 42,418 shares in total, priced at $534,042.62 as of Friday. Moreover, DePorter Michael J carried out a sale of 15,833 shares at $13.27 each on Oct 23. The transaction amounted to $210,048. Director Waters Ernest J bought 3,192 shares for $39,937 through one transaction Jul 27. Following this sale, this insider’s stake in the company comprises 4,103 shares, priced at $51,656.77 as of Friday.

The stock has experienced a total of 2 insider trades in the past three months. These trades include 1 sell activities and 1 buy trades. Furthermore, over the past 12 months, the stock was traded 43 times by insiders. In 13 of these trades, the insider was a seller while an employee of the company was the buyer in just 30 instances.

On January 20, 2016 Mark F. Strauss, Esq., of Hillsborough, NJ, was elected to the board of directors of Fulton Financial Corporation (FULT).

Since 2010, Mr. Strauss has served as a Senior Vice President of Corporate Strategy and Business Development at American Water Works Company, Inc. (NYSE: AWK), the largest and most geographically diverse publicly traded U.S. water and wastewater utility company. From December 2006 to September 2010, Mr. Strauss served as President of American Water Enterprises, which owns and operates several of American Water’s market-based businesses.

“Mark has been instrumental in helping to guide American Water for the benefit of its shareholders,” said E. Philip Wenger, chairman, president and chief executive officer. “In addition, he has served on the board of our banking subsidiary, Fulton Bank of New Jersey. His understanding of publicly held companies and the financial services industry, coupled with his experience in corporate strategy and business development, make him a very valuable addition to Fulton Financial’s board of directors.”

Fulton Financial Corporation operates as a multi-bank financial holding company that provides a range of banking and financial services to businesses and consumers. It offers personal banking services that include various checking account and savings deposit products, certificates of deposit, and individual retirement accounts. The company also offers consumer loan products comprising home equity loans and lines of credit, as well as automobile loans, automobile and equipment leases, personal lines of credit, and checking account overdraft protection; various fixed and variable-rate products, including construction loans and jumbo loans; and residential mortgages. In addition, it provides various commercial lending products, such as commercial, financial, agricultural, and real estate loans; and equipment leasing, letters of credit, cash management services, and deposit products to commercial customers. Further, the company offers investment management, trust, brokerage, insurance, and investment advisory services to consumer and commercial banking customers.