32,793 Shares in Fulton Financial Co. (NASDAQ:FULT) Acquired by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC bought a new position in shares of Fulton Financial Co. (NASDAQ:FULT) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 32,793 shares of the bank’s stock, valued at approximately $632,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Quarry LP bought a new position in shares of Fulton Financial during the third quarter worth about $33,000. Coston McIsaac & Partners acquired a new position in Fulton Financial during the 3rd quarter worth approximately $54,000. Blue Trust Inc. grew its stake in shares of Fulton Financial by 28.8% during the 3rd quarter. Blue Trust Inc. now owns 4,946 shares of the bank’s stock worth $84,000 after acquiring an additional 1,106 shares in the last quarter. TD Private Client Wealth LLC raised its holdings in shares of Fulton Financial by 11.6% in the third quarter. TD Private Client Wealth LLC now owns 6,519 shares of the bank’s stock valued at $118,000 after purchasing an additional 676 shares during the last quarter. Finally, AE Wealth Management LLC bought a new stake in shares of Fulton Financial in the second quarter worth $172,000. Institutional investors own 72.02% of the company’s stock.

Fulton Financial Stock Down 2.3 %

Shares of FULT stock opened at $20.63 on Thursday. Fulton Financial Co. has a 52-week low of $13.87 and a 52-week high of $22.49. The stock has a market cap of $3.76 billion, a price-to-earnings ratio of 13.06 and a beta of 0.79. The firm’s 50-day moving average is $20.48 and its 200-day moving average is $19.10. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.93 and a current ratio of 0.93.

Fulton Financial (NASDAQ:FULT) last released its quarterly earnings data on Tuesday, January 21st. The bank reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.06. Fulton Financial had a return on equity of 11.33% and a net margin of 16.37%. During the same period last year, the business earned $0.42 EPS. Sell-side analysts predict that Fulton Financial Co. will post 1.74 EPS for the current year.

Fulton Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.18 per share. This is an increase from Fulton Financial’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.72 annualized dividend and a yield of 3.49%. Fulton Financial’s dividend payout ratio (DPR) is currently 45.57%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Piper Sandler set a $21.00 target price on shares of Fulton Financial in a research report on Thursday, October 17th. StockNews.com cut Fulton Financial from a “hold” rating to a “sell” rating in a report on Monday, November 11th. Keefe, Bruyette & Woods upped their target price on Fulton Financial from $20.00 to $23.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Finally, Stephens upgraded Fulton Financial from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $19.50.

Insider Buying and Selling at Fulton Financial

In related news, CEO Curtis J. Myers sold 24,192 shares of Fulton Financial stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $21.16, for a total transaction of $511,902.72. Following the completion of the sale, the chief executive officer now owns 155,946 shares of the company’s stock, valued at approximately $3,299,817.36. The trade was a 13.43 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.07% of the company’s stock.

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.