18,538 Shares in Fulton Financial Corporation (NASDAQ:FULT) Acquired by Silver Oak Securities Incorporated

Silver Oak Securities Incorporated purchased a new position in shares of Fulton Financial Corporation (NASDAQ:FULT - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 18,538 shares of the bank's stock, valued at approximately $333,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Proficio Capital Partners LLC acquired a new position in Fulton Financial during the fourth quarter valued at $279,000. Jones Financial Companies Lllp raised its position in Fulton Financial by 193.4% during the fourth quarter. Jones Financial Companies Lllp now owns 1,294 shares of the bank's stock valued at $25,000 after buying an additional 853 shares during the period. Charles Schwab Investment Management Inc. raised its position in 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 buying an additional 19,329 shares during the period. Raymond James Financial Inc. acquired a new position in Fulton Financial during the fourth quarter valued at $1,676,000. Finally, Amundi increased its position in Fulton Financial by 187.4% in the 4th quarter. Amundi now owns 92,029 shares of the bank's stock worth $1,780,000 after purchasing an additional 60,005 shares during the last quarter. Institutional investors and hedge funds own 72.02% of the company's stock.

Fulton Financial Trading Up 0.3%

NASDAQ:FULT traded up $0.06 on Wednesday, reaching $19.23. The company's stock had a trading volume of 319,958 shares, compared to its average volume of 1,405,299. Fulton Financial Corporation has a 1-year low of $14.33 and a 1-year high of $22.49. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a market cap of $3.50 billion, a PE ratio of 11.31 and a beta of 0.77. The business's 50-day moving average price is $17.67 and its two-hundred day moving average price is $18.34.

Fulton Financial (NASDAQ:FULT - Get Free Report) last issued its quarterly earnings results on Tuesday, April 15th. The bank reported $0.52 EPS for the quarter, beating analysts' consensus estimates of $0.44 by $0.08. Fulton Financial had a return on equity of 12.19% and a net margin of 16.59%. The company had revenue of $322.64 million for the quarter, compared to analyst estimates of $315.07 million. During the same period in the previous year, the company posted $0.40 earnings per share. Equities research analysts anticipate that Fulton Financial Corporation will post 1.91 earnings per share for the current fiscal year.

Fulton Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st will be paid a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a $0.72 annualized dividend and a yield of 3.74%. Fulton Financial's dividend payout ratio is 42.35%.

Wall Street Analyst Weigh In

FULT has been the topic of several research reports. Keefe, Bruyette & Woods reaffirmed a "market perform" rating on shares of Fulton Financial in a research report on Wednesday. Jefferies Financial Group reiterated a "hold" rating on shares of Fulton Financial in a research report on Wednesday. Piper Sandler reiterated a "neutral" rating on shares of Fulton Financial in a research report on Wednesday. Finally, DA Davidson restated a "neutral" rating and set a $20.00 target price 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 company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $20.88.

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.