Trexquant Investment LP lifted its stake in shares of Fulton Financial Co. (NASDAQ:FULT - Free Report) by 468.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 420,930 shares of the bank's stock after purchasing an additional 346,933 shares during the period. Trexquant Investment LP owned about 0.23% of Fulton Financial worth $8,116,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also made changes to their positions in the company. Jones Financial Companies Lllp raised its position in shares of Fulton Financial by 193.4% during 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 bought a new position in Fulton Financial during the third quarter valued at about $33,000. Nomura Asset Management Co. Ltd. grew its holdings in Fulton Financial by 57.1% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 2,200 shares of the bank's stock worth $42,000 after acquiring an additional 800 shares during the period. McClarren Financial Advisors Inc. bought a new stake in Fulton Financial in the fourth quarter worth about $44,000. Finally, Blue Trust Inc. lifted its holdings in Fulton Financial by 10.3% in the 4th 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. 72.02% of the stock is owned by institutional investors and hedge funds.
Fulton Financial Stock Performance
Shares of NASDAQ:FULT traded up $0.03 during trading on Tuesday, reaching $15.28. 730,771 shares of the stock were exchanged, compared to its average volume of 1,508,862. The firm has a market cap of $2.78 billion, a PE ratio of 9.82 and a beta of 0.68. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.32. Fulton Financial Co. has a 12 month low of $13.87 and a 12 month high of $22.49. The stock has a 50-day moving average price of $19.03 and a 200-day moving average price of $19.38.
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 for the quarter, beating analysts' consensus estimates 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 in the prior year, the business earned $0.42 earnings per share. Research analysts expect that Fulton Financial Co. will post 1.91 EPS for the current fiscal year.
Fulton Financial Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be given a dividend of $0.18 per share. The ex-dividend date is Tuesday, April 1st. This represents a $0.72 dividend on an annualized basis and a yield of 4.71%. Fulton Financial's dividend payout ratio is currently 45.86%.
Analyst Upgrades and Downgrades
FULT has been the subject of several analyst reports. Keefe, Bruyette & Woods upped their target price on Fulton Financial from $23.00 to $24.00 and gave the company a "market perform" rating in a report on Thursday, January 23rd. DA Davidson boosted their target price on shares of Fulton Financial from $21.00 to $22.00 and gave the company a "neutral" rating in a research note on Friday, January 24th. StockNews.com upgraded Fulton Financial from a "sell" rating to a "hold" rating in a research report on Thursday, January 23rd. Hovde Group lifted their price objective on shares of Fulton Financial from $22.00 to $22.50 and gave the company a "market perform" rating in a research note on Monday, January 27th. Finally, Stephens upgraded Fulton Financial from an "equal weight" rating to an "overweight" rating in a research note on Monday, December 9th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $20.64.
View Our Latest Stock Report on FULT
Insider Buying and Selling
In other news, President Angela M. Snyder sold 13,322 shares of the company's stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $20.69, for a total transaction of $275,632.18. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.07% of the stock is currently owned by insiders.
About Fulton Financial
(
Free Report)
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.
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