Dean Capital Management Buys 77,599 Shares of Fulton Financial Co. (NASDAQ:FULT)

Dean Capital Management raised its position in Fulton Financial Co. (NASDAQ:FULT - Free Report) by 328.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 101,208 shares of the bank's stock after buying an additional 77,599 shares during the period. Dean Capital Management owned 0.06% of Fulton Financial worth $1,951,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Jones Financial Companies Lllp increased its holdings in Fulton Financial by 193.4% in the 4th quarter. Jones Financial Companies Lllp now owns 1,294 shares of the bank's stock worth $25,000 after acquiring an additional 853 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its position in Fulton Financial by 57.1% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 2,200 shares of the bank's stock valued at $42,000 after purchasing an additional 800 shares during the last quarter. McClarren Financial Advisors Inc. purchased a new position in Fulton Financial in the 4th quarter worth approximately $44,000. Covestor Ltd increased its holdings in shares of Fulton Financial by 196.9% in the 4th quarter. Covestor Ltd now owns 3,976 shares of the bank's stock worth $76,000 after buying an additional 2,637 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in Fulton Financial by 10.3% in the fourth quarter. Blue Trust Inc. now owns 5,455 shares of the bank's stock valued at $99,000 after acquiring an additional 509 shares during the last quarter. Hedge funds and other institutional investors own 72.02% of the company's stock.

Fulton Financial Price Performance

NASDAQ FULT opened at $17.13 on Wednesday. The company's 50 day moving average is $17.17 and its two-hundred day moving average is $19.11. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.32. The stock has a market cap of $3.12 billion, a price-to-earnings ratio of 10.91 and a beta of 0.76. Fulton Financial Co. has a 12 month low of $14.33 and a 12 month high of $22.49.

Fulton Financial (NASDAQ:FULT - Get Free Report) last issued its earnings results on Tuesday, April 15th. The bank reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $315.07 million. During the same quarter last year, the company earned $0.40 EPS. As a group, research analysts anticipate that Fulton Financial Co. will post 1.91 earnings per share for the current year.

Fulton Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 4.20%. The ex-dividend date was Tuesday, April 1st. Fulton Financial's dividend payout ratio is presently 42.35%.

Wall Street Analyst Weigh In

FULT has been the topic of several analyst reports. DA Davidson reissued a "neutral" rating and issued a $20.00 target price on shares of Fulton Financial in a research note on Wednesday, April 16th. Hovde Group upped their price objective on shares of Fulton Financial from $22.00 to $22.50 and gave the stock a "market perform" rating in a report on Monday, January 27th. Keefe, Bruyette & Woods dropped their price target on Fulton Financial from $24.00 to $21.00 and set a "market perform" rating on the stock in a research report on Thursday, April 17th. StockNews.com upgraded shares of Fulton Financial from a "sell" rating to a "hold" rating in a report on Thursday, January 23rd. Finally, Piper Sandler dropped their target price on Fulton Financial from $22.00 to $20.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $19.83.

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.

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