Barclays PLC Grows Stock Position in Fulton Financial Co. (NASDAQ:FULT)

Barclays PLC increased its stake in Fulton Financial Co. (NASDAQ:FULT - Free Report) by 41.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 596,842 shares of the bank's stock after acquiring an additional 176,206 shares during the quarter. Barclays PLC owned approximately 0.33% of Fulton Financial worth $11,508,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in FULT. Nordea Investment Management AB lifted its holdings in shares of Fulton Financial by 6.5% during the fourth quarter. Nordea Investment Management AB now owns 567,790 shares of the bank's stock worth $11,007,000 after buying an additional 34,844 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Fulton Financial by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,377,428 shares of the bank's stock worth $45,837,000 after acquiring an additional 19,329 shares in the last quarter. Federated Hermes Inc. grew its holdings in shares of Fulton Financial by 6.3% during the fourth quarter. Federated Hermes Inc. now owns 291,302 shares of the bank's stock worth $5,616,000 after buying an additional 17,182 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Fulton Financial by 130.4% in the third quarter. JPMorgan Chase & Co. now owns 557,303 shares of the bank's stock valued at $10,104,000 after purchasing an additional 315,435 shares in the last quarter. Finally, EMC Capital Management raised its stake in Fulton Financial by 151.2% in the fourth quarter. EMC Capital Management now owns 22,607 shares of the bank's stock valued at $436,000 after buying an additional 13,607 shares during the period. Institutional investors and hedge funds own 72.02% of the company's stock.

Insider Buying and Selling

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 value of $275,632.18. Following the completion of the transaction, 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 legal filing with the SEC, which is available at the SEC website. 1.07% of the stock is currently owned by company insiders.

Fulton Financial Stock Up 0.5 %

FULT stock traded up $0.09 during trading on Friday, reaching $16.69. 590,276 shares of the company traded hands, compared to its average volume of 1,558,979. Fulton Financial Co. has a 12 month low of $14.33 and a 12 month high of $22.49. The business has a 50 day simple moving average of $17.64 and a 200 day simple moving average of $19.15. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market capitalization of $3.04 billion, a price-to-earnings ratio of 10.60 and a beta of 0.68.

Fulton Financial (NASDAQ:FULT - Get Free Report) last announced its quarterly earnings data on Tuesday, April 15th. The bank reported $0.52 earnings per share for the quarter, beating analysts' consensus estimates of $0.44 by $0.08. The business had revenue of $322.64 million for the quarter, compared to analyst estimates of $315.07 million. Fulton Financial had a return on equity of 11.41% and a net margin of 15.87%. During the same period in the prior year, the company earned $0.40 earnings per share. On average, equities research analysts anticipate that Fulton Financial Co. will post 1.91 earnings per share for the current fiscal year.

Fulton Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st were paid a dividend of $0.18 per share. The ex-dividend date was Tuesday, April 1st. This represents a $0.72 annualized dividend and a yield of 4.32%. Fulton Financial's dividend payout ratio (DPR) is presently 42.35%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Keefe, Bruyette & Woods decreased their price target on Fulton Financial from $24.00 to $21.00 and set a "market perform" rating on the stock in a research report on Thursday, April 17th. Piper Sandler decreased their price objective on shares of Fulton Financial from $22.00 to $20.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. Hovde Group boosted their price objective on Fulton Financial from $22.00 to $22.50 and gave the company a "market perform" rating in a research note on Monday, January 27th. DA Davidson reissued a "neutral" rating and issued a $20.00 price target on shares of Fulton Financial in a research note on Wednesday, April 16th. Finally, StockNews.com raised shares of Fulton Financial from a "sell" rating to a "hold" rating in a research note on Thursday, January 23rd. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $19.79.

Fulton Financial Company 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.