95,826 Shares in Fulton Financial Co. (NASDAQ:FULT) Purchased by Enhancing Capital LLC

Enhancing Capital LLC acquired a new stake in shares of Fulton Financial Co. (NASDAQ:FULT - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 95,826 shares of the bank's stock, valued at approximately $1,848,000. Fulton Financial accounts for approximately 1.5% of Enhancing Capital LLC's portfolio, making the stock its 23rd biggest position. Enhancing Capital LLC owned approximately 0.05% of Fulton Financial at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in FULT. Jones Financial Companies Lllp boosted its stake in Fulton Financial by 193.4% in the 4th quarter. Jones Financial Companies Lllp now owns 1,294 shares of the bank's stock worth $25,000 after purchasing an additional 853 shares during the period. Quarry LP purchased a new stake in Fulton Financial during the 3rd quarter valued at approximately $33,000. McClarren Financial Advisors Inc. purchased a new stake in Fulton Financial during the 4th quarter valued at approximately $44,000. Blue Trust Inc. grew its holdings in Fulton Financial by 10.3% during the 4th quarter. Blue Trust Inc. now owns 5,455 shares of the bank's stock valued at $99,000 after buying an additional 509 shares in the last quarter. Finally, AlphaQuest LLC grew its holdings in Fulton Financial by 16,041.2% during the 4th quarter. AlphaQuest LLC now owns 5,488 shares of the bank's stock valued at $106,000 after buying an additional 5,454 shares in the last quarter. 72.02% of the stock is currently owned by institutional investors.

Fulton Financial Price Performance

Shares of NASDAQ FULT traded down $0.14 during mid-day trading on Friday, hitting $18.02. 5,411,143 shares of the company's stock traded hands, compared to its average volume of 1,401,305. The company's 50-day moving average is $19.71 and its two-hundred day moving average is $19.42. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market capitalization of $3.28 billion, a P/E ratio of 11.48 and a beta of 0.76. Fulton Financial Co. has a 1 year low of $13.87 and a 1 year high of $22.49.

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Fulton Financial (NASDAQ:FULT - Get Free Report) last announced its earnings results on Tuesday, January 21st. The bank reported $0.48 earnings per share (EPS) for the quarter, beating 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 quarter in the previous year, the business posted $0.42 EPS. On average, equities analysts anticipate that Fulton Financial Co. will post 1.91 EPS for the current fiscal year.

Fulton Financial Dividend Announcement

The firm 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 dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 4.00%. The ex-dividend date of this dividend is Tuesday, April 1st. Fulton Financial's dividend payout ratio is 45.86%.

Insider Buying and Selling

In related news, President Angela M. Snyder sold 13,322 shares of the stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $20.69, for a total value of $275,632.18. Following the sale, the president now directly owns 63,682 shares of the company's stock, valued at $1,317,580.58. This represents a 17.30 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.07% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

FULT has been the subject of several research reports. Hovde Group increased their price objective on shares of Fulton Financial from $22.00 to $22.50 and gave the company a "market perform" rating in a report on Monday, January 27th. 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 report on Friday, January 24th. Stephens raised shares of Fulton Financial from an "equal weight" rating to an "overweight" rating in a report on Monday, December 9th. Keefe, Bruyette & Woods increased their price objective on shares of Fulton Financial from $23.00 to $24.00 and gave the company a "market perform" rating in a report on Thursday, January 23rd. Finally, StockNews.com raised shares of Fulton Financial from a "sell" rating to a "hold" rating in a report on Thursday, January 23rd. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $20.64.

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.