34,515 Shares in Fulton Financial Co. (NASDAQ:FULT) Purchased by Squarepoint Ops LLC

Squarepoint Ops LLC acquired a new position in Fulton Financial Co. (NASDAQ:FULT - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 34,515 shares of the bank's stock, valued at approximately $665,000.

A number of other institutional investors have also recently added to or reduced their stakes in FULT. Jones Financial Companies Lllp boosted 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 worth $25,000 after acquiring an additional 853 shares during the period. Nomura Asset Management Co. Ltd. increased its stake in Fulton Financial by 57.1% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 2,200 shares of the bank's stock worth $42,000 after buying an additional 800 shares during the period. McClarren Financial Advisors Inc. acquired a new position in Fulton Financial in the 4th quarter worth $44,000. Covestor Ltd boosted its position in Fulton Financial by 196.9% in the 4th quarter. Covestor Ltd now owns 3,976 shares of the bank's stock valued at $76,000 after buying an additional 2,637 shares during the last quarter. Finally, Blue Trust Inc. grew its stake in shares of Fulton Financial by 10.3% during the fourth quarter. Blue Trust Inc. now owns 5,455 shares of the bank's stock valued at $99,000 after acquiring an additional 509 shares in the last quarter. 72.02% of the stock is owned by hedge funds and other institutional investors.

Fulton Financial Stock Performance

FULT traded down $0.11 during trading on Thursday, reaching $16.99. 353,098 shares of the company were exchanged, compared to its average volume of 1,411,528. Fulton Financial Co. has a 52 week low of $14.33 and a 52 week 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 firm has a 50 day moving average of $16.87 and a 200 day moving average of $18.88. The stock has a market cap of $3.09 billion, a P/E ratio of 10.81 and a beta of 0.76.

Fulton Financial (NASDAQ:FULT - Get Free Report) last released its quarterly earnings data 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 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 last year, the company earned $0.40 EPS. On average, sell-side analysts forecast that Fulton Financial Co. will post 1.91 EPS for the current fiscal year.

Fulton Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 4.24%. The ex-dividend date was Tuesday, April 1st. Fulton Financial's dividend payout ratio (DPR) is 42.35%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on FULT shares. DA Davidson reissued a "neutral" rating and issued a $20.00 price target on shares of Fulton Financial in a report on Wednesday, April 16th. Keefe, Bruyette & Woods decreased their target price on 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. Finally, Piper Sandler reduced their price objective on Fulton Financial from $22.00 to $20.00 and set a "neutral" rating on the stock in a research note 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. According to MarketBeat, Fulton Financial presently has a consensus 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.