14,970 Shares in Fulton Financial Co. (NASDAQ:FULT) Purchased by LPL Financial LLC

LPL Financial LLC acquired a new stake in shares of Fulton Financial Co. (NASDAQ:FULT - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 14,970 shares of the bank's stock, valued at approximately $289,000.

A number of other hedge funds also recently bought and sold shares of FULT. Blue Trust Inc. raised 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 worth $99,000 after acquiring an additional 509 shares in the last quarter. SRS Capital Advisors Inc. grew its holdings in shares of Fulton Financial by 0.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 91,464 shares of the bank's stock valued at $1,763,000 after purchasing an additional 523 shares during the last quarter. HighTower Advisors LLC raised its position in Fulton Financial by 1.4% in the 4th quarter. HighTower Advisors LLC now owns 63,321 shares of the bank's stock worth $1,221,000 after purchasing an additional 849 shares during the period. 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. Finally, Xponance Inc. boosted its position in Fulton Financial by 9.5% during the fourth quarter. Xponance Inc. now owns 13,058 shares of the bank's stock valued at $252,000 after buying an additional 1,132 shares during the period. Institutional investors own 72.02% of the company's stock.

Fulton Financial Trading Up 2.7 %

FULT stock traded up $0.45 on Friday, reaching $17.36. The company's stock had a trading volume of 959,523 shares, compared to its average volume of 1,476,703. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.90 and a current ratio of 0.90. The business has a fifty day simple moving average of $17.26 and a two-hundred day simple moving average of $19.12. The firm has a market cap of $3.16 billion, a PE ratio of 11.06 and a beta of 0.76. Fulton Financial Co. has a 12-month low of $14.33 and a 12-month high of $22.49.

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, topping the consensus estimate of $0.44 by $0.08. Fulton Financial had a net margin of 15.87% and a return on equity of 11.41%. The firm had revenue of $322.64 million during the quarter, compared to analysts' expectations of $315.07 million. During the same period last year, the company posted $0.40 EPS. As a group, research analysts forecast that Fulton Financial Co. will post 1.91 EPS for the current year.

Fulton Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date of this dividend was Tuesday, April 1st. Fulton Financial's payout ratio is presently 42.35%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on FULT shares. DA Davidson reiterated a "neutral" rating and issued a $20.00 price objective on shares of Fulton Financial in a report on Wednesday, April 16th. StockNews.com raised Fulton Financial from a "sell" rating to a "hold" rating in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods dropped their price objective on Fulton Financial from $24.00 to $21.00 and set a "market perform" rating for the company in a research note on Thursday, April 17th. Hovde Group lifted their target price on shares of Fulton Financial from $22.00 to $22.50 and gave the stock a "market perform" rating in a research note on Monday, January 27th. Finally, Piper Sandler lowered their price target on shares of Fulton Financial from $22.00 to $20.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $19.83.

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.