Fulton Financial Co. (NASDAQ:FULT) Position Trimmed by LSV Asset Management

LSV Asset Management lessened its stake in Fulton Financial Co. (NASDAQ:FULT - Free Report) by 2.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 916,975 shares of the bank's stock after selling 20,000 shares during the period. LSV Asset Management owned 0.50% of Fulton Financial worth $17,679,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in FULT. Raymond James Financial Inc. purchased a new stake in Fulton Financial in the 4th quarter valued at $1,676,000. Invesco Ltd. grew its holdings in shares of Fulton Financial by 9.8% during the fourth quarter. Invesco Ltd. now owns 1,326,578 shares of the bank's stock worth $25,576,000 after buying an additional 117,946 shares during the last quarter. Bank of Montreal Can increased its position in Fulton Financial by 10.8% in the 4th quarter. Bank of Montreal Can now owns 21,013 shares of the bank's stock valued at $405,000 after acquiring an additional 2,047 shares during the period. Federated Hermes Inc. raised its stake in Fulton Financial by 6.3% during the 4th quarter. Federated Hermes Inc. now owns 291,302 shares of the bank's stock valued at $5,616,000 after acquiring an additional 17,182 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its position in Fulton Financial by 23.3% during the 4th quarter. Wells Fargo & Company MN now owns 123,937 shares of the bank's stock worth $2,390,000 after acquiring an additional 23,445 shares during the period. Hedge funds and other institutional investors own 72.02% of the company's stock.

Insider Buying and Selling at Fulton Financial

In other Fulton Financial 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 value 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 position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.07% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on FULT shares. Piper Sandler decreased their price target on Fulton Financial from $22.00 to $20.00 and set a "neutral" rating for the company in a report on Thursday. Hovde Group boosted their price target on shares of Fulton Financial from $22.00 to $22.50 and gave the stock a "market perform" rating in a research note on Monday, January 27th. Keefe, Bruyette & Woods reduced their price objective on shares of Fulton Financial from $24.00 to $21.00 and set a "market perform" rating for the company in a research report on Thursday. DA Davidson reissued a "neutral" rating and set a $20.00 target price on shares of Fulton Financial in a research note on Wednesday. Finally, StockNews.com upgraded 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 assigned a buy rating to the stock. According to MarketBeat.com, Fulton Financial has a consensus rating of "Hold" and an average price target of $19.79.

Fulton Financial Trading Down 0.6 %

FULT traded down $0.09 during trading on Friday, hitting $15.88. 2,878,814 shares of the company's stock were exchanged, compared to its average volume of 1,555,847. The stock has a 50 day moving average price of $18.08 and a 200 day moving average price of $19.19. Fulton Financial Co. has a 1 year low of $14.33 and a 1 year high of $22.49. 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 firm has a market cap of $2.89 billion, a P/E ratio of 10.11 and a beta of 0.68.

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

Fulton Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 4.53%. The ex-dividend date of this dividend was Tuesday, April 1st. Fulton Financial's dividend payout ratio (DPR) is 42.35%.

Fulton Financial Company 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.