Bayesian Capital Management LP Has $522,000 Stock Holdings in Fulton Financial Co. (NASDAQ:FULT)

Bayesian Capital Management LP increased its stake in shares of Fulton Financial Co. (NASDAQ:FULT - Free Report) by 139.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 27,098 shares of the bank's stock after acquiring an additional 15,800 shares during the period. Bayesian Capital Management LP's holdings in Fulton Financial were worth $522,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FULT. Vanguard Group Inc. grew its holdings in shares of Fulton Financial by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 22,383,504 shares of the bank's stock valued at $431,554,000 after acquiring an additional 285,376 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in Fulton Financial by 5.3% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 4,321,387 shares of the bank's stock worth $83,316,000 after purchasing an additional 216,118 shares during the period. Fisher Asset Management LLC raised its position in shares of Fulton Financial by 35.3% in 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 in the last quarter. Charles Schwab Investment Management Inc. grew its position in Fulton Financial by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,377,428 shares of the bank's stock valued at $45,837,000 after acquiring an additional 19,329 shares during the last quarter. Finally, Norges Bank bought a new stake in Fulton Financial during the 4th quarter worth $38,010,000. 72.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

FULT has been the subject of several recent research reports. Piper Sandler reduced their target price on shares of Fulton Financial from $22.00 to $20.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. DA Davidson reaffirmed a "neutral" rating and set a $20.00 price target on shares of Fulton Financial in a research note on Wednesday, April 16th. StockNews.com upgraded shares of Fulton Financial from a "sell" rating to a "hold" rating in a report on Thursday, January 23rd. Hovde Group boosted their price target on Fulton Financial from $22.00 to $22.50 and gave the company a "market perform" rating in a report on Monday, January 27th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Fulton Financial from $24.00 to $21.00 and set a "market perform" rating for the company in a research report on Thursday, April 17th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Fulton Financial has a consensus rating of "Hold" and a consensus target price of $20.30.

Fulton Financial Stock Down 0.6 %

Shares of NASDAQ:FULT traded down $0.11 during mid-day trading on Friday, hitting $17.40. 695,695 shares of the company traded hands, compared to its average volume of 1,450,407. The firm's 50 day simple moving average is $17.04 and its 200 day simple moving average is $19.09. The firm has a market cap of $3.17 billion, a P/E ratio of 11.08 and a beta of 0.76. Fulton Financial Co. has a 52-week low of $14.33 and a 52-week high of $22.49. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.90 and a current ratio of 0.90.

Fulton Financial (NASDAQ:FULT - Get Free Report) last announced its earnings results on Tuesday, April 15th. The bank reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.08. The business had revenue of $322.64 million during the quarter, compared to analysts' expectations of $315.07 million. Fulton Financial had a return on equity of 11.41% and a net margin of 15.87%. During the same quarter last year, the business posted $0.40 earnings per share. On average, equities analysts anticipate that Fulton Financial Co. will post 1.91 EPS for the current year.

Fulton Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 4.14%. The ex-dividend date of this dividend was Tuesday, April 1st. Fulton Financial's payout ratio is presently 42.35%.

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.