Stewardship Advisors LLC Purchases 72,563 Shares of Fulton Financial Corporation (NASDAQ:FULT)

Stewardship Advisors LLC grew its stake in shares of Fulton Financial Corporation (NASDAQ:FULT - Free Report) by 411.1% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 90,216 shares of the bank's stock after buying an additional 72,563 shares during the period. Stewardship Advisors LLC's holdings in Fulton Financial were worth $1,632,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Jones Financial Companies Lllp increased its holdings in Fulton Financial by 193.4% in the 4th 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. Nomura Asset Management Co. Ltd. increased its stake in Fulton Financial by 57.1% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 2,200 shares of the bank's stock valued at $42,000 after acquiring an additional 800 shares during the period. GAMMA Investing LLC raised its position in Fulton Financial by 42.2% in the first quarter. GAMMA Investing LLC now owns 3,072 shares of the bank's stock worth $56,000 after purchasing an additional 911 shares in the last quarter. Byrne Asset Management LLC raised its position in Fulton Financial by 114.5% in the first quarter. Byrne Asset Management LLC now owns 3,217 shares of the bank's stock worth $58,000 after purchasing an additional 1,717 shares in the last quarter. Finally, Covestor Ltd boosted its holdings in Fulton Financial by 196.9% during the fourth quarter. Covestor Ltd now owns 3,976 shares of the bank's stock valued at $76,000 after purchasing an additional 2,637 shares in the last quarter. Institutional investors own 72.02% of the company's stock.

Fulton Financial Price Performance

Fulton Financial stock traded up $0.17 on Thursday, reaching $17.10. The company's stock had a trading volume of 1,328,794 shares, compared to its average volume of 1,420,206. The business's fifty day moving average price is $17.06 and its 200 day moving average price is $18.60. 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 company has a market cap of $3.11 billion, a price-to-earnings ratio of 10.06 and a beta of 0.77. Fulton Financial Corporation has a twelve month low of $14.33 and a twelve month high of $22.49.

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

Fulton Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be given a dividend of $0.18 per share. The ex-dividend date is Tuesday, July 1st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.21%. Fulton Financial's payout ratio is 42.35%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. 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. Piper Sandler dropped their target price on shares of 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, Keefe, Bruyette & Woods cut their price target on shares of Fulton Financial from $24.00 to $21.00 and set a "market perform" rating for the company in a report on Thursday, April 17th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $20.30.

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.