247,544 Shares in Fulton Financial Co. (NASDAQ:FULT) Purchased by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Fulton Financial Co. (NASDAQ:FULT - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 247,544 shares of the bank's stock, valued at approximately $4,773,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.14% of Fulton Financial at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in FULT. Jones Financial Companies Lllp lifted its stake in Fulton Financial by 193.4% in the fourth quarter. Jones Financial Companies Lllp now owns 1,294 shares of the bank's stock worth $25,000 after purchasing an additional 853 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in shares of Fulton Financial by 57.1% in the fourth 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. bought a new stake in shares of Fulton Financial during the 4th quarter worth approximately $44,000. Covestor Ltd boosted its stake in shares of 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 during the period. Finally, Blue Trust Inc. grew its holdings in shares of Fulton Financial by 10.3% in the fourth quarter. Blue Trust Inc. now owns 5,455 shares of the bank's stock worth $99,000 after purchasing an additional 509 shares during the last quarter. 72.02% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Piper Sandler reduced their target price 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. 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, DA Davidson reissued a "neutral" rating and set a $20.00 price target on shares of Fulton Financial in a research report on Wednesday, April 16th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Fulton Financial has a consensus rating of "Hold" and a consensus price target of $20.30.

Fulton Financial Stock Up 1.9%

FULT traded up $0.32 during trading on Tuesday, hitting $17.39. The stock had a trading volume of 770,949 shares, compared to its average volume of 1,423,125. The stock has a 50 day simple moving average of $16.90 and a two-hundred day simple moving average of $18.90. The company has a market capitalization of $3.16 billion, a PE ratio of 11.08 and a beta of 0.76. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.90 and a current ratio of 0.90. Fulton Financial Co. 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 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 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 quarter in the previous year, the firm earned $0.40 earnings per share. On average, research analysts predict that Fulton Financial Co. will post 1.91 earnings per share for the current year.

Fulton Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st were paid a $0.18 dividend. The ex-dividend date was Tuesday, April 1st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.14%. Fulton Financial's payout ratio is currently 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.