New Age Alpha Advisors LLC Makes New $5.68 Million Investment in Fulton Financial Co. (NASDAQ:FULT)

New Age Alpha Advisors LLC bought a new stake in Fulton Financial Co. (NASDAQ:FULT - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 294,481 shares of the bank's stock, valued at approximately $5,678,000. New Age Alpha Advisors LLC owned 0.16% of Fulton Financial as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of the business. Blue Trust Inc. lifted its holdings in shares of Fulton Financial by 10.3% during the 4th quarter. Blue Trust Inc. now owns 5,455 shares of the bank's stock worth $99,000 after acquiring an additional 509 shares during the period. SRS Capital Advisors Inc. raised its position in Fulton Financial by 0.6% during the fourth quarter. SRS Capital Advisors Inc. now owns 91,464 shares of the bank's stock valued at $1,763,000 after purchasing an additional 523 shares in the last quarter. TD Private Client Wealth LLC lifted its stake in Fulton Financial by 11.6% during the third quarter. TD Private Client Wealth LLC now owns 6,519 shares of the bank's stock worth $118,000 after purchasing an additional 676 shares during the last quarter. HighTower Advisors LLC boosted its holdings in shares of Fulton Financial by 1.4% in the 4th quarter. HighTower Advisors LLC now owns 63,321 shares of the bank's stock valued at $1,221,000 after purchasing an additional 849 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in shares of 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 purchasing an additional 853 shares in the last quarter. 72.02% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

FULT has been the subject of several recent analyst reports. StockNews.com upgraded Fulton Financial from a "sell" rating to a "hold" rating in a research report on Thursday, January 23rd. Hovde Group raised their price target 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. DA Davidson upped their price objective on shares of Fulton Financial from $21.00 to $22.00 and gave the stock a "neutral" rating in a research report on Friday, January 24th. Stephens raised shares of Fulton Financial from an "equal weight" rating to an "overweight" rating in a research note on Monday, December 9th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Fulton Financial from $23.00 to $24.00 and gave the stock a "market perform" rating in a report on Thursday, January 23rd. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $20.64.

Insiders Place Their Bets

In other Fulton Financial news, President Angela M. Snyder sold 13,322 shares of the firm's 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 transaction, the president now directly owns 63,682 shares in the company, valued at approximately $1,317,580.58. This trade represents a 17.30 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.07% of the company's stock.

Fulton Financial Trading Down 0.1 %

NASDAQ FULT traded down $0.02 on Wednesday, reaching $17.79. The company had a trading volume of 508,087 shares, compared to its average volume of 1,479,797. The firm has a market cap of $3.24 billion, a price-to-earnings ratio of 11.33 and a beta of 0.76. Fulton Financial Co. has a fifty-two week low of $13.87 and a fifty-two week high of $22.49. The business has a 50 day moving average of $19.38 and a two-hundred day moving average of $19.45. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.90 and a quick ratio of 0.90.

Fulton Financial (NASDAQ:FULT - Get Free Report) last announced its earnings results on Tuesday, January 21st. The bank reported $0.48 EPS for the quarter, beating the consensus estimate of $0.42 by $0.06. Fulton Financial had a return on equity of 11.41% and a net margin of 15.87%. During the same period in the previous year, the firm earned $0.42 EPS. Analysts forecast that Fulton Financial Co. will post 1.91 EPS for the current year.

Fulton Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 4.05%. The ex-dividend date of this dividend is Tuesday, April 1st. Fulton Financial's dividend payout ratio (DPR) is currently 45.86%.

About Fulton Financial

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.