Dean Capital Management Has $1.95 Million Stock Position in Fulton Financial Co. (NASDAQ:FULT)

Dean Capital Management lifted its stake in shares of Fulton Financial Co. (NASDAQ:FULT - Free Report) by 328.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 101,208 shares of the bank's stock after purchasing an additional 77,599 shares during the period. Dean Capital Management owned 0.06% of Fulton Financial worth $1,951,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new position in Fulton Financial in the 4th quarter valued at $38,010,000. JPMorgan Chase & Co. grew its holdings in Fulton Financial by 137.3% in the 4th quarter. JPMorgan Chase & Co. now owns 1,322,616 shares of the bank's stock valued at $25,500,000 after buying an additional 765,313 shares in the last quarter. First Trust Advisors LP grew its holdings in Fulton Financial by 61.7% in the 4th quarter. First Trust Advisors LP now owns 1,770,377 shares of the bank's stock valued at $34,133,000 after buying an additional 675,819 shares in the last quarter. Fisher Asset Management LLC grew its holdings in 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. Finally, Cramer Rosenthal Mcglynn LLC grew its holdings in Fulton Financial by 95.8% in the 4th quarter. Cramer Rosenthal Mcglynn LLC now owns 1,333,772 shares of the bank's stock valued at $25,715,000 after buying an additional 652,531 shares in the last quarter. Institutional investors own 72.02% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on FULT shares. Hovde Group increased their target price on Fulton Financial from $22.00 to $22.50 and gave the stock a "market perform" rating in a report on Monday, January 27th. StockNews.com upgraded Fulton Financial from a "sell" rating to a "hold" rating in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods dropped their price objective on 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. Piper Sandler dropped their price objective on Fulton Financial from $22.00 to $20.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Finally, DA Davidson restated a "neutral" rating and set a $20.00 price objective on shares of Fulton Financial in a research report on Wednesday, April 16th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $20.30.

Fulton Financial Trading Up 4.5%

Fulton Financial stock traded up $0.79 during trading hours on Monday, hitting $18.23. The stock had a trading volume of 500,712 shares, compared to its average volume of 1,445,719. Fulton Financial Co. has a one year low of $14.33 and a one year high of $22.49. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.32. The stock has a market cap of $3.32 billion, a price-to-earnings ratio of 11.63 and a beta of 0.76. The business's 50 day simple moving average is $17.04 and its 200-day simple moving average is $19.11.

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

Fulton Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.95%. Fulton Financial's dividend payout ratio (DPR) is 42.35%.

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.