Fulton Financial Co. (NASDAQ:FULT) Shares Sold by Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust decreased its holdings in Fulton Financial Co. (NASDAQ:FULT - Free Report) by 17.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 714,636 shares of the bank's stock after selling 147,055 shares during the quarter. Emerald Mutual Fund Advisers Trust owned approximately 0.39% of Fulton Financial worth $13,778,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of FULT. Nordea Investment Management AB increased its holdings in Fulton Financial by 6.5% in the fourth quarter. Nordea Investment Management AB now owns 567,790 shares of the bank's stock valued at $11,007,000 after buying an additional 34,844 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Fulton Financial by 0.8% during 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 purchasing an additional 19,329 shares during the last quarter. Federated Hermes Inc. grew its holdings in shares of Fulton Financial by 6.3% during the fourth quarter. Federated Hermes Inc. now owns 291,302 shares of the bank's stock valued at $5,616,000 after purchasing an additional 17,182 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Fulton Financial by 130.4% during the third quarter. JPMorgan Chase & Co. now owns 557,303 shares of the bank's stock valued at $10,104,000 after purchasing an additional 315,435 shares during the last quarter. Finally, EMC Capital Management grew its holdings in shares of Fulton Financial by 151.2% during the fourth quarter. EMC Capital Management now owns 22,607 shares of the bank's stock valued at $436,000 after purchasing an additional 13,607 shares during the last quarter. Institutional investors and hedge funds own 72.02% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Keefe, Bruyette & Woods lowered their target price 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. DA Davidson reiterated a "neutral" rating and set a $20.00 price objective on shares of Fulton Financial in a research report on Wednesday, April 16th. StockNews.com upgraded Fulton Financial from a "sell" rating to a "hold" rating in a research report on Thursday, January 23rd. Piper Sandler reduced 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, Hovde Group boosted their price objective on Fulton Financial from $22.00 to $22.50 and gave the stock a "market perform" rating in a research report on Monday, January 27th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Fulton Financial presently has an average rating of "Hold" and an average target price of $19.83.

Fulton Financial Price Performance

FULT traded up $0.23 during trading on Thursday, reaching $16.91. The stock had a trading volume of 1,142,857 shares, compared to its average volume of 1,485,420. The firm has a market capitalization of $3.08 billion, a price-to-earnings ratio of 10.77 and a beta of 0.68. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.32. Fulton Financial Co. has a 1-year low of $14.33 and a 1-year high of $22.49. The stock has a 50 day moving average of $17.31 and a two-hundred day moving average of $19.13.

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

Fulton Financial Dividend Announcement

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 was Tuesday, April 1st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.26%. Fulton Financial's dividend payout ratio (DPR) is presently 42.35%.

About Fulton Financial

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.