35,288 Shares in Fulton Financial Co. (NASDAQ:FULT) Acquired by Jump Financial LLC

Jump Financial LLC bought a new stake in shares of Fulton Financial Co. (NASDAQ:FULT - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 35,288 shares of the bank's stock, valued at approximately $680,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. XTX Topco Ltd increased its position in Fulton Financial by 54.3% during the 4th quarter. XTX Topco Ltd now owns 22,688 shares of the bank's stock valued at $437,000 after purchasing an additional 7,988 shares during the period. Barclays PLC boosted its stake in shares of Fulton Financial by 41.9% during the 4th quarter. Barclays PLC now owns 596,842 shares of the bank's stock valued at $11,508,000 after purchasing an additional 176,206 shares in the last quarter. Summit Investment Advisors Inc. increased its position in shares of Fulton Financial by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 18,997 shares of the bank's stock valued at $366,000 after buying an additional 602 shares during the period. Sterling Capital Management LLC raised its stake in Fulton Financial by 850.1% in the fourth quarter. Sterling Capital Management LLC now owns 5,843 shares of the bank's stock worth $113,000 after buying an additional 5,228 shares in the last quarter. Finally, Covestor Ltd lifted its holdings in Fulton Financial by 196.9% in the fourth quarter. Covestor Ltd now owns 3,976 shares of the bank's stock worth $76,000 after buying an additional 2,637 shares during the period. Institutional investors own 72.02% of the company's stock.

Fulton Financial Stock Up 0.5 %

Shares of NASDAQ:FULT traded up $0.09 on Friday, hitting $16.69. 1,131,389 shares of the company traded hands, compared to its average volume of 1,562,332. The company has a market cap of $3.04 billion, a PE ratio of 10.63 and a beta of 0.68. The stock has a 50 day simple moving average of $17.56 and a 200-day simple moving average of $19.15. Fulton Financial Co. has a 52 week low of $14.33 and a 52 week high of $22.49. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.32.

Fulton Financial (NASDAQ:FULT - Get Free Report) last issued its earnings results on Tuesday, April 15th. The bank reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.08. Fulton Financial had a net margin of 15.87% and a return on equity of 11.41%. The business had revenue of $322.64 million during the quarter, compared to analysts' expectations of $315.07 million. During the same period in the previous year, the company earned $0.40 earnings per share. As a group, research analysts expect that Fulton Financial Co. will post 1.91 earnings per share for the current year.

Fulton Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $0.72 annualized dividend and a yield of 4.31%. Fulton Financial's dividend payout ratio is 42.35%.

Analysts Set New Price Targets

A number of research analysts have weighed in on FULT shares. Piper Sandler reduced their target price on Fulton Financial from $22.00 to $20.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Hovde Group increased their price objective on Fulton Financial from $22.00 to $22.50 and gave the stock a "market perform" rating in a report on Monday, January 27th. Keefe, Bruyette & Woods lowered their price objective on Fulton Financial from $24.00 to $21.00 and set a "market perform" rating for the company in a research report on Thursday, April 17th. DA Davidson reaffirmed a "neutral" rating and issued a $20.00 target price on shares of Fulton Financial in a research report on Wednesday, April 16th. Finally, StockNews.com raised shares of Fulton Financial from a "sell" rating to a "hold" rating in a research report on Thursday, January 23rd. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $19.79.

Insiders Place Their Bets

In related news, President Angela M. Snyder sold 13,322 shares of the stock in a transaction 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 sale, the president now directly owns 63,682 shares of the company's stock, valued at $1,317,580.58. This trade represents a 17.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate 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.