BNP Paribas Financial Markets decreased its position in shares of Fulton Financial Co. (NASDAQ:FULT - Free Report) by 53.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,483 shares of the bank's stock after selling 47,895 shares during the quarter. BNP Paribas Financial Markets' holdings in Fulton Financial were worth $800,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently modified their holdings of FULT. Schonfeld Strategic Advisors LLC bought a new stake in Fulton Financial during the 4th quarter valued at $205,000. AQR Capital Management LLC grew its holdings in shares of Fulton Financial by 8.2% during the fourth quarter. AQR Capital Management LLC now owns 223,499 shares of the bank's stock valued at $4,309,000 after buying an additional 16,944 shares during the last quarter. Oxford Asset Management LLP bought a new stake in shares of Fulton Financial during the fourth quarter worth about $303,000. Voya Investment Management LLC raised its holdings in shares of Fulton Financial by 108.4% in the 4th quarter. Voya Investment Management LLC now owns 334,344 shares of the bank's stock worth $6,446,000 after acquiring an additional 173,888 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. lifted its position in Fulton Financial by 5.3% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 4,321,387 shares of the bank's stock valued at $83,316,000 after acquiring an additional 216,118 shares in the last quarter. 72.02% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of analysts have commented on the company. Keefe, Bruyette & Woods decreased their price objective 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 restated a "neutral" rating and set a $20.00 price objective on shares of Fulton Financial in a research note on Wednesday, April 16th. Hovde Group lifted 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. Finally, Piper Sandler lowered their target price on shares of Fulton Financial from $22.00 to $20.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $20.30.
Check Out Our Latest Stock Report on Fulton Financial
Fulton Financial Stock Performance
Fulton Financial stock traded up $0.38 during trading on Tuesday, hitting $17.54. The stock had a trading volume of 865,354 shares, compared to its average volume of 1,433,703. 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's 50 day moving average is $16.98 and its two-hundred day moving average is $19.03. Fulton Financial Co. has a 1 year low of $14.33 and a 1 year high of $22.49. The stock has a market cap of $3.19 billion, a price-to-earnings ratio of 11.17 and a beta of 0.76.
Fulton Financial (NASDAQ:FULT - Get Free Report) last announced 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 business had revenue of $322.64 million for the quarter, compared to analyst estimates 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 company earned $0.40 EPS. As a group, analysts predict that Fulton Financial Co. will post 1.91 EPS for the current year.
Fulton Financial Dividend Announcement
The business also recently announced 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. The ex-dividend date was Tuesday, April 1st. This represents a $0.72 annualized dividend and a yield of 4.10%. Fulton Financial's payout ratio is presently 42.35%.
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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