UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 73,110 Shares of Fulton Financial Co. (NASDAQ:FULT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Fulton Financial Co. (NASDAQ:FULT - Free Report) by 20.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 427,236 shares of the bank's stock after purchasing an additional 73,110 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.23% of Fulton Financial worth $8,237,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Jones Financial Companies Lllp lifted its stake 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 purchasing an additional 853 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its position in shares of Fulton Financial by 57.1% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 2,200 shares of the bank's stock valued at $42,000 after buying an additional 800 shares in the last quarter. McClarren Financial Advisors Inc. purchased a new stake in shares of Fulton Financial during the 4th quarter valued at $44,000. Covestor Ltd raised its position in shares of Fulton Financial by 196.9% during 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 in the last quarter. Finally, Blue Trust Inc. raised its position in shares of Fulton Financial by 10.3% during the 4th quarter. Blue Trust Inc. now owns 5,455 shares of the bank's stock valued at $99,000 after buying an additional 509 shares in the last quarter. 72.02% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on FULT. DA Davidson restated a "neutral" rating and set a $20.00 price objective on shares of Fulton Financial in a research report on Wednesday, April 16th. Piper Sandler lowered their price objective on shares of Fulton Financial from $22.00 to $20.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. Finally, 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 report on Thursday, April 17th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Fulton Financial currently has a consensus rating of "Hold" and a consensus target price of $20.30.

Fulton Financial Trading Down 1.2%

NASDAQ:FULT traded down $0.22 during mid-day trading on Wednesday, reaching $17.18. 99,691 shares of the company's stock traded hands, compared to its average volume of 1,419,564. Fulton Financial Co. has a 12-month low of $14.33 and a 12-month high of $22.49. The firm has a market capitalization of $3.12 billion, a price-to-earnings ratio of 10.94 and a beta of 0.76. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.90 and a quick ratio of 0.90. The company has a 50 day moving average price of $16.88 and a 200-day moving average price of $18.89.

Fulton Financial (NASDAQ:FULT - Get Free Report) last issued 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 firm had revenue of $322.64 million for the quarter, compared to analyst estimates of $315.07 million. Fulton Financial had a return on equity of 11.41% and a net margin of 15.87%. During the same period last year, the company earned $0.40 EPS. On average, sell-side analysts predict that Fulton Financial Co. will post 1.91 earnings per share for the current year.

Fulton Financial Announces Dividend

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

About Fulton Financial

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.