Dynamic Technology Lab Private Ltd Makes New $882,000 Investment in Fulton Financial Co. (NASDAQ:FULT)

Dynamic Technology Lab Private Ltd purchased a new stake in shares of Fulton Financial Co. (NASDAQ:FULT - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 48,640 shares of the bank's stock, valued at approximately $882,000.

Several other institutional investors and hedge funds have also modified their holdings of FULT. Millennium Management LLC boosted its position in Fulton Financial by 511.1% during the second quarter. Millennium Management LLC now owns 3,256,000 shares of the bank's stock worth $55,287,000 after purchasing an additional 2,723,170 shares during the period. American Century Companies Inc. boosted its holdings in shares of Fulton Financial by 18.6% during the 2nd quarter. American Century Companies Inc. now owns 3,022,534 shares of the bank's stock worth $51,323,000 after buying an additional 474,099 shares during the period. Bank of New York Mellon Corp grew its stake in Fulton Financial by 28.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,542,068 shares of the bank's stock valued at $43,164,000 after buying an additional 567,771 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Fulton Financial by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,358,099 shares of the bank's stock worth $42,752,000 after acquiring an additional 31,754 shares during the period. Finally, Fulton Bank N.A. lifted its position in Fulton Financial by 0.9% during the 2nd quarter. Fulton Bank N.A. now owns 2,057,813 shares of the bank's stock worth $34,942,000 after acquiring an additional 17,955 shares during the last quarter. Institutional investors and hedge funds own 72.02% of the company's stock.

Fulton Financial Stock Down 0.1 %

FULT stock opened at $21.66 on Thursday. Fulton Financial Co. has a twelve month low of $13.84 and a twelve month high of $22.49. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.32. The company has a market cap of $3.94 billion, a PE ratio of 13.71 and a beta of 0.73. The business's 50-day simple moving average is $18.88 and its 200 day simple moving average is $18.05.

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, topping analysts' consensus estimates of $0.44 by $0.06. The company had revenue of $487.33 million during the quarter, compared to the consensus estimate of $321.00 million. Fulton Financial had a net margin of 16.37% and a return on equity of 11.33%. During the same period last year, the firm earned $0.43 EPS. On average, research analysts anticipate that Fulton Financial Co. will post 1.74 earnings per share for the current year.

Fulton Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 3.14%. The ex-dividend date was Tuesday, October 1st. Fulton Financial's dividend payout ratio is 43.04%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on FULT. Piper Sandler set a $21.00 price objective on Fulton Financial in a research note on Thursday, October 17th. StockNews.com downgraded Fulton Financial from a "hold" rating to a "sell" rating in a research report on Monday, November 11th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $18.83.

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.