GAMMA Investing LLC Has $1.01 Million Stock Position in Fulton Financial Co. (NASDAQ:FULT)

GAMMA Investing LLC grew its position in Fulton Financial Co. (NASDAQ:FULT - Free Report) by 2,471.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 55,572 shares of the bank's stock after acquiring an additional 53,411 shares during the period. GAMMA Investing LLC's holdings in Fulton Financial were worth $1,005,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of FULT. Allworth Financial LP raised its stake in shares of Fulton Financial by 1,255.1% in the fourth quarter. Allworth Financial LP now owns 20,381 shares of the bank's stock valued at $420,000 after acquiring an additional 18,877 shares during the last quarter. Principal Financial Group Inc. raised its position in Fulton Financial by 4.4% in the 4th quarter. Principal Financial Group Inc. now owns 1,051,823 shares of the bank's stock worth $20,279,000 after purchasing an additional 44,237 shares during the last quarter. New York State Common Retirement Fund raised its position in Fulton Financial by 15.9% in the 4th quarter. New York State Common Retirement Fund now owns 546,026 shares of the bank's stock worth $10,527,000 after purchasing an additional 74,993 shares during the last quarter. Private Advisor Group LLC raised its position in Fulton Financial by 6.7% in the 4th quarter. Private Advisor Group LLC now owns 34,848 shares of the bank's stock worth $672,000 after purchasing an additional 2,192 shares during the last quarter. Finally, Ieq Capital LLC bought a new position in Fulton Financial in the 4th quarter worth approximately $241,000. Institutional investors own 72.02% of the company's stock.

Analyst Upgrades and Downgrades

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

Fulton Financial Trading Down 1.5%

Shares of Fulton Financial stock traded down $0.25 on Tuesday, hitting $16.93. 1,693,826 shares of the company's stock traded hands, compared to its average volume of 1,415,553. The firm's 50-day moving average price is $17.03 and its two-hundred day moving average price is $18.62. The stock has a market capitalization of $3.08 billion, a PE ratio of 10.78 and a beta of 0.77. Fulton Financial Co. has a one year low of $14.33 and a one year high of $22.49. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.90 and a quick ratio of 0.90.

Fulton Financial (NASDAQ:FULT - Get Free Report) last issued its earnings results on Tuesday, April 15th. The bank reported $0.52 EPS for the quarter, beating the consensus estimate of $0.44 by $0.08. The company had revenue of $322.64 million during the quarter, compared to analysts' expectations of $315.07 million. Fulton Financial had a net margin of 15.87% and a return on equity of 11.41%. During the same quarter in the previous year, the company posted $0.40 EPS. On average, research analysts expect that Fulton Financial Co. will post 1.91 EPS for the current fiscal year.

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.