Dimensional Fund Advisors LP trimmed its position in shares of Fulton Financial Co. (NASDAQ:FULT - Free Report) by 3.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,568,331 shares of the bank's stock after selling 359,886 shares during the period. Dimensional Fund Advisors LP owned approximately 6.36% of Fulton Financial worth $223,040,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in FULT. Jones Financial Companies Lllp grew its holdings in shares of 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 purchasing an additional 853 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position in Fulton Financial by 57.1% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 2,200 shares of the bank's stock worth $42,000 after acquiring an additional 800 shares during the last quarter. McClarren Financial Advisors Inc. acquired a new stake in Fulton Financial during the 4th quarter valued at $44,000. Covestor Ltd raised its position in Fulton Financial by 196.9% in the 4th quarter. Covestor Ltd now owns 3,976 shares of the bank's stock valued at $76,000 after purchasing an additional 2,637 shares during the last quarter. Finally, Blue Trust Inc. boosted 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 worth $99,000 after purchasing an additional 509 shares in the last quarter. Institutional investors and hedge funds own 72.02% of the company's stock.
Fulton Financial Trading Down 0.7 %
Shares of NASDAQ FULT traded down $0.11 during midday trading on Monday, reaching $16.58. 115,241 shares of the stock were exchanged, compared to its average volume of 1,552,205. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.90 and a quick ratio of 0.90. Fulton Financial Co. has a 12 month low of $14.33 and a 12 month high of $22.49. The business has a 50-day simple moving average of $17.56 and a two-hundred day simple moving average of $19.17. The company has a market capitalization of $3.02 billion, a price-to-earnings ratio of 10.58 and a beta of 0.68.
Fulton Financial (NASDAQ:FULT - Get Free Report) last announced its earnings results on Tuesday, April 15th. The bank reported $0.52 EPS for the quarter, topping 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 net margin of 15.87% and a return on equity of 11.41%. During the same quarter in the prior year, the company posted $0.40 earnings per share. As a group, equities research analysts expect that Fulton Financial Co. will post 1.91 EPS for the current year.
Fulton Financial Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 4.34%. The ex-dividend date was Tuesday, April 1st. Fulton Financial's dividend payout ratio (DPR) is 42.35%.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on the company. Keefe, Bruyette & Woods cut their price target on Fulton Financial from $24.00 to $21.00 and set a "market perform" rating for the company in a report on Thursday, April 17th. Hovde Group upped their target price on shares of Fulton Financial from $22.00 to $22.50 and gave the stock a "market perform" rating in a research report on Monday, January 27th. DA Davidson reissued 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 research report on Thursday, January 23rd. Finally, Piper Sandler decreased their price objective on Fulton Financial from $22.00 to $20.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $19.79.
Check Out Our Latest Research Report on FULT
Fulton Financial Profile
(
Free Report)
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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