Charles Schwab Investment Management Inc. Has $42.75 Million Holdings in Fulton Financial Co. (NASDAQ:FULT)

Charles Schwab Investment Management Inc. boosted its position in Fulton Financial Co. (NASDAQ:FULT - Free Report) by 1.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,358,099 shares of the bank's stock after purchasing an additional 31,754 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.30% of Fulton Financial worth $42,752,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Intech Investment Management LLC bought a new stake in Fulton Financial during the third quarter worth approximately $763,000. Segall Bryant & Hamill LLC acquired a new stake in shares of Fulton Financial during the 3rd quarter valued at $3,489,000. LMR Partners LLP bought a new stake in shares of Fulton Financial in the 3rd quarter valued at approximately $293,000. Swiss National Bank lifted its stake in shares of Fulton Financial by 0.8% in the 3rd quarter. Swiss National Bank now owns 354,900 shares of the bank's stock valued at $6,434,000 after purchasing an additional 2,900 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its position in Fulton Financial by 89.4% during the third quarter. Thrivent Financial for Lutherans now owns 309,252 shares of the bank's stock worth $5,606,000 after buying an additional 145,995 shares during the last quarter. 72.02% of the stock is owned by institutional investors and hedge funds.

Fulton Financial Trading Down 0.5 %

Shares of Fulton Financial stock traded down $0.11 on Monday, hitting $21.47. 1,051,909 shares of the company's stock traded hands, compared to its average volume of 1,463,115. The firm's 50-day moving average price is $19.06 and its two-hundred day moving average price is $18.14. The stock has a market capitalization of $3.91 billion, a PE ratio of 13.66 and a beta of 0.73. 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 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 quarterly earnings data on Tuesday, October 15th. The bank reported $0.50 EPS for the quarter, beating analysts' consensus estimates of $0.44 by $0.06. The business had revenue of $487.33 million during the quarter, compared to analysts' expectations of $321.00 million. Fulton Financial had a net margin of 16.37% and a return on equity of 11.33%. During the same quarter in the prior year, the company earned $0.43 EPS. On average, research analysts expect that Fulton Financial Co. will post 1.74 EPS for the current fiscal year.

Fulton Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $0.68 annualized dividend and a yield of 3.17%. Fulton Financial's dividend payout ratio (DPR) is currently 43.04%.

Analyst Ratings Changes

FULT has been the topic of several research analyst reports. Piper Sandler set a $21.00 price target on Fulton Financial in a research report on Thursday, October 17th. StockNews.com lowered shares of Fulton Financial from a "hold" rating to a "sell" rating in a research report on Monday, November 11th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Fulton Financial presently has a consensus rating of "Hold" and an average target price of $18.83.

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.