Stewardship Advisors LLC Has $1.63 Million Position in Fulton Financial Co. (NASDAQ:FULT)

Stewardship Advisors LLC increased its holdings in Fulton Financial Co. (NASDAQ:FULT - Free Report) by 411.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm 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 and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Fulton Financial by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 22,383,504 shares of the bank's stock valued at $431,554,000 after acquiring an additional 285,376 shares during the period. Fuller & Thaler Asset Management Inc. boosted its stake in Fulton Financial by 5.3% during 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 purchasing an additional 216,118 shares during the period. Fisher Asset Management LLC boosted its stake in Fulton Financial by 35.3% during the 4th quarter. Fisher Asset Management LLC now owns 2,582,036 shares of the bank's stock valued at $49,782,000 after purchasing an additional 673,559 shares during the period. Janus Henderson Group PLC grew its position in Fulton Financial by 1.9% in the 4th quarter. Janus Henderson Group PLC now owns 2,517,149 shares of the bank's stock worth $48,530,000 after purchasing an additional 47,338 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Fulton Financial by 0.8% in 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 period. 72.02% of the stock is owned by institutional investors and hedge funds.

Fulton Financial Price Performance

FULT stock traded up $0.02 on Monday, hitting $17.18. 1,296,440 shares of the company's stock traded hands, compared to its average volume of 1,414,440. The stock has a market cap of $3.12 billion, a price-to-earnings ratio of 10.94 and a beta of 0.77. Fulton Financial Co. has a 1-year low of $14.33 and a 1-year high of $22.49. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.32. The stock has a fifty day moving average of $16.99 and a 200-day moving average of $18.65.

Fulton Financial (NASDAQ:FULT - Get Free Report) last announced its quarterly earnings data on Tuesday, April 15th. The bank reported $0.52 EPS for the quarter, beating analysts' consensus estimates of $0.44 by $0.08. The company 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 quarter in the prior year, the firm earned $0.40 EPS. On average, analysts forecast that Fulton Financial Co. will post 1.91 EPS for the current fiscal year.

Fulton Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st were given a $0.18 dividend. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.19%. Fulton Financial's dividend payout ratio (DPR) is 42.35%.

Wall Street Analyst Weigh In

FULT has been the subject of a number of analyst reports. DA Davidson reiterated a "neutral" rating and set a $20.00 price target on shares of Fulton Financial in a research report on Wednesday, April 16th. Keefe, Bruyette & Woods lowered their price objective on shares of Fulton Financial from $24.00 to $21.00 and set a "market perform" rating on the stock in a research note on Thursday, April 17th. Finally, Piper Sandler cut their target price 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. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $20.30.

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.