Fulton Financial Co. (NASDAQ:FULT) Shares Bought by Edgestream Partners L.P.

Edgestream Partners L.P. increased its holdings in Fulton Financial Co. (NASDAQ:FULT - Free Report) by 14.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 289,355 shares of the bank's stock after purchasing an additional 36,455 shares during the period. Edgestream Partners L.P. owned approximately 0.16% of Fulton Financial worth $5,579,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Blue Trust Inc. increased its position in Fulton Financial by 10.3% during the fourth quarter. Blue Trust Inc. now owns 5,455 shares of the bank's stock valued at $99,000 after acquiring an additional 509 shares during the last quarter. SRS Capital Advisors Inc. increased its stake in Fulton Financial by 0.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 91,464 shares of the bank's stock worth $1,763,000 after buying an additional 523 shares during the period. TD Private Client Wealth LLC lifted its holdings in Fulton Financial by 11.6% during the 3rd quarter. TD Private Client Wealth LLC now owns 6,519 shares of the bank's stock valued at $118,000 after buying an additional 676 shares in the last quarter. Jones Financial Companies Lllp boosted its position in Fulton Financial by 193.4% in the 4th quarter. Jones Financial Companies Lllp now owns 1,294 shares of the bank's stock valued at $25,000 after buying an additional 853 shares during the period. Finally, Valley National Advisers Inc. increased its position in shares of Fulton Financial by 3.9% during the fourth quarter. Valley National Advisers Inc. now owns 30,700 shares of the bank's stock worth $591,000 after acquiring an additional 1,150 shares during the period. 72.02% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

A number of analysts recently issued reports on FULT shares. Keefe, Bruyette & Woods boosted their price target on Fulton Financial from $23.00 to $24.00 and gave the company a "market perform" rating in a report on Thursday, January 23rd. Hovde Group raised their price target 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. Stephens raised shares of Fulton Financial from an "equal weight" rating to an "overweight" rating in a research note on Monday, December 9th. DA Davidson raised their target price 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. Finally, StockNews.com raised shares of Fulton Financial from a "sell" rating to a "hold" rating in a research report on Thursday, January 23rd. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, Fulton Financial presently has a consensus rating of "Hold" and a consensus price target of $20.64.

Fulton Financial Stock Down 1.9 %

Shares of NASDAQ:FULT traded down $0.35 during trading on Monday, reaching $18.06. The stock had a trading volume of 166,211 shares, compared to its average volume of 1,382,516. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $3.29 billion, a P/E ratio of 11.50 and a beta of 0.76. The firm's 50-day simple moving average is $20.00 and its 200 day simple moving average is $19.51. 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 results 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 net margin of 15.87% and a return on equity of 11.41%. During the same period last year, the company earned $0.42 EPS. As a group, research analysts expect that Fulton Financial Co. will post 1.91 EPS for the current fiscal year.

Fulton Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 3.99%. The ex-dividend date was Tuesday, December 31st. This is an increase from Fulton Financial's previous quarterly dividend of $0.17. Fulton Financial's dividend payout ratio (DPR) is currently 45.86%.

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 that occurred 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 sale, the president now owns 63,682 shares of the company's stock, valued at approximately $1,317,580.58. The trade was a 17.30 % decrease in their position. 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 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.