32,793 Shares in Fulton Financial Co. (NASDAQ:FULT) Purchased by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC bought a new stake in Fulton Financial Co. (NASDAQ:FULT - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 32,793 shares of the bank's stock, valued at approximately $632,000.

Other large investors also recently bought and sold shares of the company. Quarry LP purchased a new stake in Fulton Financial during the third quarter worth about $33,000. Coston McIsaac & Partners purchased a new stake in Fulton Financial during the third quarter worth about $54,000. Blue Trust Inc. increased its stake in shares of Fulton Financial by 28.8% during the third quarter. Blue Trust Inc. now owns 4,946 shares of the bank's stock worth $84,000 after buying an additional 1,106 shares during the period. TD Private Client Wealth LLC increased its stake in shares of Fulton Financial by 11.6% during the third quarter. TD Private Client Wealth LLC now owns 6,519 shares of the bank's stock worth $118,000 after buying an additional 676 shares during the period. Finally, AE Wealth Management LLC purchased a new stake in shares of Fulton Financial during the second quarter worth approximately $172,000. Institutional investors and hedge funds own 72.02% of the company's stock.

Wall Street Analyst Weigh In

FULT has been the topic of a number of recent research reports. Keefe, Bruyette & Woods upped their target price on shares of Fulton Financial from $23.00 to $24.00 and gave the stock a "market perform" rating in a research note on Thursday. Piper Sandler set a $21.00 target price on shares of Fulton Financial in a research note on Thursday, October 17th. Stephens upgraded shares of Fulton Financial from an "equal weight" rating to an "overweight" rating in a research note on Monday, December 9th. Finally, StockNews.com downgraded Fulton Financial from a "hold" rating to a "sell" rating in a report on Monday, November 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Fulton Financial currently has an average rating of "Hold" and a consensus price target of $19.67.

Insiders Place Their Bets

In other Fulton Financial news, CEO Curtis J. Myers sold 24,192 shares of the stock in a transaction on Friday, December 6th. The stock was sold at an average price of $21.16, for a total value of $511,902.72. Following the completion of the transaction, the chief executive officer now owns 155,946 shares in the company, valued at approximately $3,299,817.36. This represents a 13.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.07% of the stock is currently owned by company insiders.

Fulton Financial Stock Performance

Shares of FULT stock traded down $0.05 during trading hours on Thursday, hitting $20.58. The stock had a trading volume of 1,899,233 shares, compared to its average volume of 1,790,517. The firm has a market capitalization of $3.75 billion, a PE ratio of 13.11 and a beta of 0.79. Fulton Financial Co. has a twelve month low of $13.87 and a twelve month high of $22.49. The stock's 50 day moving average is $20.47 and its 200 day moving average is $19.11. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.93 and a quick ratio of 0.93.

Fulton Financial (NASDAQ:FULT - Get Free Report) last released its quarterly earnings data on Tuesday, January 21st. The bank reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.06. Fulton Financial had a return on equity of 11.78% and a net margin of 15.87%. During the same period in the previous year, the business earned $0.42 earnings per share. As a group, research analysts forecast that Fulton Financial Co. will post 1.79 earnings per share for the current fiscal year.

Fulton Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.18 dividend. This is a boost from Fulton Financial's previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.72 annualized dividend and a yield of 3.50%. Fulton Financial's dividend payout ratio is presently 45.86%.

Fulton Financial Profile

Fulton Financial Corporation operates as a financial holding company that provides consumer and commercial banking products and services in Pennsylvania, Delaware, Maryland, New Jersey, and Virginia. It accepts various checking accounts and savings deposit products, certificates of deposit, and individual retirement accounts.