Amundi boosted its stake in shares of Fulton Financial Co. (NASDAQ:FULT - Free Report) by 187.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 92,029 shares of the bank's stock after purchasing an additional 60,005 shares during the period. Amundi owned approximately 0.05% of Fulton Financial worth $1,780,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in the stock. Cornercap Investment Counsel Inc. acquired a new position in Fulton Financial in the third quarter valued at $248,000. Thrivent Financial for Lutherans lifted its stake in shares of Fulton Financial by 89.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 309,252 shares of the bank's stock valued at $5,606,000 after purchasing an additional 145,995 shares in the last quarter. Swiss National Bank grew its holdings in shares of Fulton Financial by 0.8% during the 3rd quarter. Swiss National Bank now owns 354,900 shares of the bank's stock worth $6,434,000 after purchasing an additional 2,900 shares during the period. LMR Partners LLP acquired a new stake in Fulton Financial during the 3rd quarter worth approximately $293,000. Finally, Segall Bryant & Hamill LLC acquired a new position in Fulton Financial during the third quarter valued at approximately $3,489,000. Institutional investors and hedge funds own 72.02% of the company's stock.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on the stock. Hovde Group increased their price objective on shares of Fulton Financial from $22.00 to $22.50 and gave the stock a "market perform" rating in a research report on Monday, January 27th. Stephens upgraded Fulton Financial from an "equal weight" rating to an "overweight" rating in a research note on Monday, December 9th. Keefe, Bruyette & Woods increased their target price on Fulton Financial from $23.00 to $24.00 and gave the company a "market perform" rating in a research note on Thursday, January 23rd. StockNews.com raised Fulton Financial from a "sell" rating to a "hold" rating in a research report on Thursday, January 23rd. Finally, DA Davidson increased their price objective on shares of Fulton Financial from $21.00 to $22.00 and gave the company a "neutral" rating in a research report on Friday, January 24th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, Fulton Financial currently has an average rating of "Hold" and a consensus price target of $20.64.
Read Our Latest Research Report on FULT
Insider Transactions at Fulton Financial
In other Fulton Financial news, President Angela M. Snyder sold 13,322 shares of the business's stock in a transaction on Monday, January 27th. The shares were sold at an average price of $20.69, for a total transaction of $275,632.18. Following the completion of the sale, the president now owns 63,682 shares in the company, valued at $1,317,580.58. The trade was a 17.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.07% of the company's stock.
Fulton Financial Stock Down 0.8 %
Shares of NASDAQ:FULT traded down $0.14 during midday trading on Friday, reaching $18.02. The company had a trading volume of 5,356,643 shares, compared to its average volume of 1,403,979. The stock has a market capitalization of $3.28 billion, a P/E ratio of 11.48 and a beta of 0.76. The stock's fifty day moving average price is $19.73 and its 200-day moving average price is $19.43. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.90 and a quick ratio of 0.90. Fulton Financial Co. has a one year low of $13.87 and a one year high of $22.49.
Fulton Financial (NASDAQ:FULT - Get Free Report) last released its earnings results on Tuesday, January 21st. The bank reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.06. Fulton Financial had a net margin of 15.87% and a return on equity of 11.41%. During the same period in the prior year, the company posted $0.42 earnings per share. Equities research analysts expect that Fulton Financial Co. will post 1.91 earnings per share for the current fiscal year.
Fulton Financial Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be given a $0.18 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $0.72 annualized dividend and a dividend yield of 4.00%. Fulton Financial's payout ratio is 45.86%.
Fulton Financial Profile
(
Free Report)
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.
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