Fuller & Thaler Asset Management Inc. Purchases 216,118 Shares of Fulton Financial Co. (NASDAQ:FULT)

Fuller & Thaler Asset Management Inc. increased its stake in shares of Fulton Financial Co. (NASDAQ:FULT - Free Report) by 5.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,321,387 shares of the bank's stock after acquiring an additional 216,118 shares during the quarter. Fuller & Thaler Asset Management Inc. owned about 2.37% of Fulton Financial worth $83,316,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FULT. Jones Financial Companies Lllp increased 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 valued at $25,000 after purchasing an additional 853 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its position in shares of Fulton Financial by 57.1% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 2,200 shares of the bank's stock worth $42,000 after acquiring an additional 800 shares during the last quarter. McClarren Financial Advisors Inc. purchased a new stake in shares of Fulton Financial during the fourth quarter worth about $44,000. Covestor Ltd increased its position in shares of Fulton Financial by 196.9% during the fourth quarter. Covestor Ltd now owns 3,976 shares of the bank's stock worth $76,000 after acquiring an additional 2,637 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in Fulton Financial by 10.3% in the fourth quarter. Blue Trust Inc. now owns 5,455 shares of the bank's stock valued at $99,000 after buying an additional 509 shares during the last quarter. 72.02% of the stock is currently owned by institutional investors and hedge funds.

Fulton Financial Stock Down 0.1 %

Shares of NASDAQ FULT traded down $0.03 during mid-day trading on Tuesday, hitting $16.83. The company had a trading volume of 409,977 shares, compared to its average volume of 1,551,198. Fulton Financial Co. has a one year low of $14.33 and a one year high of $22.49. The company has a market capitalization of $3.07 billion, a PE ratio of 10.70 and a beta of 0.68. The firm has a 50-day simple moving average of $17.48 and a two-hundred day simple moving average of $19.17. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.32.

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

Fulton Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st were issued a $0.18 dividend. The ex-dividend date was Tuesday, April 1st. This represents a $0.72 annualized dividend and a dividend yield of 4.28%. Fulton Financial's dividend payout ratio is currently 42.35%.

Analyst Ratings Changes

Several equities research analysts have weighed in on FULT shares. Hovde Group increased their target price on Fulton Financial from $22.00 to $22.50 and gave the stock a "market perform" rating in a research report on Monday, January 27th. Piper Sandler decreased their price target 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. 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. Keefe, Bruyette & Woods dropped their price objective on Fulton Financial from $24.00 to $21.00 and set a "market perform" rating on the stock in a report on Thursday, April 17th. Finally, StockNews.com upgraded shares of Fulton Financial from a "sell" rating to a "hold" rating in a research note on Thursday, January 23rd. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $19.79.

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.