Royce & Associates LP Has $238,000 Position in Fulton Financial Co. (NASDAQ:FULT)

Royce & Associates LP trimmed its stake in Fulton Financial Co. (NASDAQ:FULT - Free Report) by 68.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,348 shares of the bank's stock after selling 27,014 shares during the quarter. Royce & Associates LP's holdings in Fulton Financial were worth $238,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Fisher Asset Management LLC boosted its stake in shares of Fulton Financial by 35.3% during the 4th quarter. Fisher Asset Management LLC now owns 2,582,036 shares of the bank's stock valued at $49,782,000 after buying an additional 673,559 shares during the period. State Street Corp boosted its position in Fulton Financial by 4.4% during the third quarter. State Street Corp now owns 10,544,159 shares of the bank's stock valued at $191,166,000 after purchasing an additional 444,219 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Fulton Financial by 130.4% in the third quarter. JPMorgan Chase & Co. now owns 557,303 shares of the bank's stock valued at $10,104,000 after purchasing an additional 315,435 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new position in Fulton Financial in the 3rd quarter worth about $3,489,000. Finally, Barclays PLC raised its stake in shares of Fulton Financial by 79.4% during the 3rd quarter. Barclays PLC now owns 420,636 shares of the bank's stock worth $7,626,000 after purchasing an additional 186,215 shares in the last quarter. 72.02% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

Several equities analysts recently weighed in on FULT shares. Stephens raised shares of Fulton Financial from an "equal weight" rating to an "overweight" rating in a research report on Monday, December 9th. 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 report on Friday, January 24th. StockNews.com upgraded Fulton Financial from a "sell" rating to a "hold" rating in a report on Thursday, January 23rd. Keefe, Bruyette & Woods upped their price target on Fulton Financial from $23.00 to $24.00 and gave the stock a "market perform" rating in a research note on Thursday, January 23rd. Finally, Hovde Group raised their price objective on Fulton Financial from $22.00 to $22.50 and gave the company a "market perform" rating in a research note on Monday, January 27th. Five investment 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 currently has an average rating of "Hold" and a consensus price target of $20.64.

Insider Activity at Fulton Financial

In other Fulton Financial news, President Angela M. Snyder sold 13,322 shares of the firm'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 completion of the sale, the president now 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 can be accessed through the SEC website. Corporate insiders own 1.07% of the company's stock.

Fulton Financial Stock Performance

FULT traded up $0.08 during midday trading on Wednesday, reaching $18.38. The company's stock had a trading volume of 1,088,460 shares, compared to its average volume of 1,404,491. Fulton Financial Co. has a twelve month low of $13.87 and a twelve month high of $22.49. The stock has a market cap of $3.35 billion, a P/E ratio of 11.71 and a beta of 0.76. The company has a fifty day simple moving average of $19.65 and a 200 day simple moving average of $19.43. 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 (NASDAQ:FULT - Get Free Report) last released 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 net margin of 15.87% and a return on equity of 11.41%. During the same quarter in the previous year, the company posted $0.42 earnings per share. Research analysts expect that Fulton Financial Co. will post 1.91 earnings per share for the current year.

Fulton Financial Dividend Announcement

The company also recently announced 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. This represents a $0.72 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date of this dividend is Tuesday, April 1st. Fulton Financial's dividend payout ratio (DPR) is presently 45.86%.

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.