American Century Companies Inc. grew its position in Fulton Financial Co. (NASDAQ:FULT – Free Report) by 21.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,308,247 shares of the bank’s stock after purchasing an additional 228,900 shares during the quarter. American Century Companies Inc. owned approximately 0.79% of Fulton Financial worth $18,106,000 as of its most recent filing with the SEC.
Other large investors also recently modified their holdings of the company. Lindbrook Capital LLC boosted its position in Fulton Financial by 347.9% during the first quarter. Lindbrook Capital LLC now owns 1,823 shares of the bank’s stock valued at $25,000 after acquiring an additional 1,416 shares during the last quarter. Lazard Asset Management LLC boosted its position in shares of Fulton Financial by 1,554.1% during the 1st quarter. Lazard Asset Management LLC now owns 2,200 shares of the bank’s stock valued at $36,000 after purchasing an additional 2,067 shares in the last quarter. US Bancorp DE grew its stake in Fulton Financial by 62.7% during the first quarter. US Bancorp DE now owns 2,694 shares of the bank’s stock worth $37,000 after purchasing an additional 1,038 shares during the period. Almanack Investment Partners LLC. bought a new stake in Fulton Financial in the third quarter worth approximately $42,000. Finally, Ronald Blue Trust Inc. lifted its stake in Fulton Financial by 29.2% in the first quarter. Ronald Blue Trust Inc. now owns 3,725 shares of the bank’s stock valued at $63,000 after buying an additional 841 shares during the period. 69.55% of the stock is currently owned by institutional investors and hedge funds.
Fulton Financial Stock Performance
Shares of FULT stock opened at $13.33 on Friday. Fulton Financial Co. has a 12 month low of $9.64 and a 12 month high of $18.91. The firm has a market capitalization of $2.19 billion, a PE ratio of 7.75 and a beta of 0.79. The firm has a fifty day simple moving average of $13.13 and a two-hundred day simple moving average of $13.37. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.48.
Fulton Financial Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Monday, July 3rd were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, June 30th. This is a boost from Fulton Financial’s previous quarterly dividend of $0.15. This represents a $0.64 annualized dividend and a yield of 4.80%. Fulton Financial’s dividend payout ratio (DPR) is 37.21%.
Analysts Set New Price Targets
Several brokerages have recently commented on FULT. TheStreet raised shares of Fulton Financial from a “c+” rating to a “b-” rating in a research report on Thursday, August 3rd. Stephens reaffirmed an “overweight” rating and issued a $14.50 price target on shares of Fulton Financial in a research note on Thursday, July 20th. Finally, StockNews.com initiated coverage on shares of Fulton Financial in a research report on Wednesday, August 23rd. They set a “hold” rating on the stock. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Fulton Financial has an average rating of “Hold” and an average price target of $15.60.
Read Our Latest Research Report on Fulton Financial
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.
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