Fulton Financial Co. (NASDAQ:FULT) Shares Bought by Creative Planning

Creative Planning lifted its stake in shares of Fulton Financial Co. (NASDAQ:FULT) by 26.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 33,554 shares of the bank’s stock after buying an additional 7,039 shares during the quarter. Creative Planning’s holdings in Fulton Financial were worth $608,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in FULT. Family Firm Inc. bought a new position in shares of Fulton Financial in the second quarter valued at $46,000. Blue Trust Inc. boosted its holdings in Fulton Financial by 21.9% during the second quarter. Blue Trust Inc. now owns 3,840 shares of the bank’s stock valued at $61,000 after acquiring an additional 691 shares during the period. Headlands Technologies LLC bought a new stake in Fulton Financial during the 1st quarter valued at approximately $66,000. AE Wealth Management LLC bought a new position in Fulton Financial in the 2nd quarter worth approximately $172,000. Finally, Atwater Malick LLC bought a new position in Fulton Financial in the 2nd quarter worth approximately $175,000. 72.02% of the stock is currently owned by institutional investors and hedge funds.

Fulton Financial Stock Down 0.7 %

Fulton Financial stock opened at $17.93 on Tuesday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.26. Fulton Financial Co. has a twelve month low of $13.19 and a twelve month high of $20.33. The stock has a market capitalization of $3.26 billion, a PE ratio of 11.35 and a beta of 0.73. The company has a 50 day moving average of $18.10 and a 200-day moving average of $17.51.

Fulton Financial (NASDAQ:FULT) last released its quarterly earnings data on Tuesday, October 15th. The bank reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.06. The firm had revenue of $487.33 million during the quarter, compared to analysts’ expectations of $321.00 million. Fulton Financial had a net margin of 16.37% and a return on equity of 11.14%. During the same period in the previous year, the business posted $0.43 earnings per share. On average, equities research analysts anticipate that Fulton Financial Co. will post 1.75 EPS for the current fiscal year.

Fulton Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date of this dividend was Tuesday, October 1st. Fulton Financial’s dividend payout ratio is currently 43.04%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on FULT. StockNews.com upgraded shares of Fulton Financial from a “sell” rating to a “hold” rating in a report on Thursday, July 18th. Piper Sandler set a $21.00 price objective on Fulton Financial in a research report on Thursday, October 17th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $18.83.

Fulton Financial 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.