Fulton Financial Corporation $FULT Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lowered its stake in Fulton Financial Corporation (NASDAQ:FULT - Free Report) by 2.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,326,340 shares of the bank's stock after selling 51,088 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.28% of Fulton Financial worth $42,083,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of FULT. GAMMA Investing LLC increased its holdings in shares of Fulton Financial by 42.2% in the first quarter. GAMMA Investing LLC now owns 3,072 shares of the bank's stock valued at $56,000 after purchasing an additional 911 shares during the period. Byrne Asset Management LLC increased its holdings in shares of Fulton Financial by 114.5% in the first quarter. Byrne Asset Management LLC now owns 3,217 shares of the bank's stock valued at $58,000 after purchasing an additional 1,717 shares during the period. Blue Trust Inc. increased its holdings in shares of Fulton Financial by 15.1% in the first quarter. Blue Trust Inc. now owns 5,728 shares of the bank's stock valued at $104,000 after purchasing an additional 752 shares during the period. Sterling Capital Management LLC increased its holdings in shares of Fulton Financial by 850.1% in the fourth quarter. Sterling Capital Management LLC now owns 5,843 shares of the bank's stock valued at $113,000 after purchasing an additional 5,228 shares during the period. Finally, TD Private Client Wealth LLC boosted its stake in shares of Fulton Financial by 21.5% in the first quarter. TD Private Client Wealth LLC now owns 8,377 shares of the bank's stock valued at $152,000 after buying an additional 1,483 shares in the last quarter. Institutional investors and hedge funds own 72.02% of the company's stock.

Insider Buying and Selling at Fulton Financial

In other news, Director E Philip Wenger sold 5,000 shares of the business's stock in a transaction on Friday, July 25th. The stock was sold at an average price of $18.41, for a total value of $92,050.00. Following the completion of the transaction, the director directly owned 599,102 shares of the company's stock, valued at $11,029,467.82. The trade was a 0.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.08% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Piper Sandler restated a "neutral" rating on shares of Fulton Financial in a research note on Wednesday, July 9th. Keefe, Bruyette & Woods lifted their price target on Fulton Financial from $21.00 to $22.00 and gave the company a "market perform" rating in a research note on Thursday, July 17th. Jefferies Financial Group restated a "hold" rating on shares of Fulton Financial in a research note on Wednesday, July 9th. Finally, DA Davidson lifted their price target on Fulton Financial from $17.00 to $20.00 and gave the company a "neutral" rating in a research note on Thursday, July 17th. One investment analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $21.13.

Fulton Financial Price Performance

FULT traded up $0.9690 during trading on Friday, reaching $19.4590. 234,248 shares of the stock were exchanged, compared to its average volume of 1,441,201. The business's 50 day moving average price is $18.40 and its two-hundred day moving average price is $18.05. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.92 and a quick ratio of 0.92. The company has a market capitalization of $3.54 billion, a price-to-earnings ratio of 11.38 and a beta of 0.82. Fulton Financial Corporation has a 1 year low of $14.32 and a 1 year high of $22.49.

Fulton Financial (NASDAQ:FULT - Get Free Report) last posted its earnings results on Tuesday, July 15th. The bank reported $0.55 EPS for the quarter, topping analysts' consensus estimates of $0.43 by $0.12. Fulton Financial had a return on equity of 12.64% and a net margin of 17.00%.The company had revenue of $328.45 million for the quarter, compared to the consensus estimate of $320.47 million. During the same period in the previous year, the business earned $0.52 earnings per share. As a group, equities research analysts anticipate that Fulton Financial Corporation will post 1.91 earnings per share for the current year.

Fulton Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend was Tuesday, July 1st. Fulton Financial's payout ratio is 42.11%.

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.