CoreCap Advisors LLC bought a new position in Fulton Financial Co. (NASDAQ:FULT – Get Rating) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,100 shares of the bank’s stock, valued at approximately $86,000.
A number of other large investors have also recently bought and sold shares of FULT. Signaturefd LLC increased its stake in shares of Fulton Financial by 55.0% in the fourth quarter. Signaturefd LLC now owns 1,815 shares of the bank’s stock valued at $31,000 after purchasing an additional 644 shares during the period. Quadrant Capital Group LLC increased its stake in shares of Fulton Financial by 455.9% during the third quarter. Quadrant Capital Group LLC now owns 2,168 shares of the bank’s stock valued at $34,000 after acquiring an additional 1,778 shares during the period. Lazard Asset Management LLC increased its stake in shares of Fulton Financial by 1,554.1% during the first quarter. Lazard Asset Management LLC now owns 2,200 shares of the bank’s stock valued at $36,000 after acquiring an additional 2,067 shares during the period. Almanack Investment Partners LLC. acquired a new position in shares of Fulton Financial during the third quarter valued at approximately $42,000. Finally, Ronald Blue Trust Inc. increased its stake in shares of Fulton Financial by 172.8% during the fourth quarter. Ronald Blue Trust Inc. now owns 2,884 shares of the bank’s stock valued at $46,000 after acquiring an additional 1,827 shares during the period. Institutional investors own 64.84% of the company’s stock.
Insider Activity at Fulton Financial
In other Fulton Financial news, CEO Curtis J. Myers acquired 15,000 shares of Fulton Financial stock in a transaction that occurred on Friday, May 12th. The stock was acquired at an average price of $9.81 per share, with a total value of $147,150.00. Following the purchase, the chief executive officer now owns 157,044 shares in the company, valued at $1,540,601.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Fulton Financial news, CEO Curtis J. Myers acquired 15,000 shares of Fulton Financial stock in a transaction that occurred on Friday, May 12th. The stock was acquired at an average price of $9.81 per share, with a total value of $147,150.00. Following the purchase, the chief executive officer now owns 157,044 shares in the company, valued at $1,540,601.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP David M. Campbell sold 10,514 shares of Fulton Financial stock in a transaction on Wednesday, May 3rd. The stock was sold at an average price of $11.19, for a total transaction of $117,651.66. Following the completion of the transaction, the executive vice president now owns 22,202 shares in the company, valued at approximately $248,440.38. The disclosure for this sale can be found here. In the last 90 days, insiders sold 20,467 shares of company stock valued at $274,013. Insiders own 0.98% of the company’s stock.
Fulton Financial Trading Up 0.9 %
Fulton Financial (NASDAQ:FULT – Get Rating) last issued its earnings results on Wednesday, April 19th. The bank reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.09). The company had revenue of $267.34 million for the quarter, compared to analyst estimates of $281.45 million. Fulton Financial had a net margin of 24.14% and a return on equity of 13.03%. The company’s quarterly revenue was up 23.4% on a year-over-year basis. During the same period last year, the business earned $0.38 EPS. Research analysts forecast that Fulton Financial Co. will post 1.64 EPS for the current year.
Fulton Financial Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 14th. Investors of record on Monday, April 3rd were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 5.24%. The ex-dividend date of this dividend was Friday, March 31st. Fulton Financial’s payout ratio is presently 35.71%.
Analysts Set New Price Targets
A number of research analysts recently commented on FULT shares. TheStreet lowered shares of Fulton Financial from a “b-” rating to a “c+” rating in a research note on Monday, May 22nd. Keefe, Bruyette & Woods decreased their price target on shares of Fulton Financial from $20.00 to $16.00 and set a “market perform” rating on the stock in a research report on Thursday, April 6th. StockNews.com started coverage on shares of Fulton Financial in a research report on Thursday, May 18th. They issued a “sell” rating on the stock. Piper Sandler decreased their price target on shares of Fulton Financial from $15.00 to $14.00 in a research report on Thursday, April 20th. Finally, DA Davidson decreased their price objective on shares of Fulton Financial from $15.00 to $14.00 and set a “neutral” rating for the company in a research note on Thursday, April 20th. One research analyst has rated the stock with a sell rating and three have given a hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $15.50.
Fulton Financial Company Profile
Fulton Financial Corp. is financial holding company, which through its subsidiaries, engages in the provision of consumer and commercial banking products and services. It offers checking account and savings deposit products, certificates of deposit and individual retirement accounts. The company also offers investment management, trust, brokerage, insurance and investment advisory services to consumer and commercial banking customers in the market areas serviced by the subsidiary banks.
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