Eagle Wealth Strategies LLC Acquires Shares of 96,740 Fulton Financial Co. (NASDAQ:FULT)

Eagle Wealth Strategies LLC purchased a new position in Fulton Financial Co. (NASDAQ:FULT - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 96,740 shares of the bank's stock, valued at approximately $1,592,000. Fulton Financial accounts for about 1.0% of Eagle Wealth Strategies LLC's investment portfolio, making the stock its 14th largest position. Eagle Wealth Strategies LLC owned about 0.06% of Fulton Financial at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. grew its stake in shares of Fulton Financial by 82.8% in the fourth quarter. Blue Trust Inc. now owns 1,724 shares of the bank's stock worth $28,000 after purchasing an additional 781 shares during the last quarter. SRS Capital Advisors Inc. grew its position in shares of Fulton Financial by 0.9% in the 3rd quarter. SRS Capital Advisors Inc. now owns 92,173 shares of the bank's stock worth $1,116,000 after buying an additional 864 shares during the last quarter. AlphaMark Advisors LLC increased its stake in shares of Fulton Financial by 5.3% during the fourth quarter. AlphaMark Advisors LLC now owns 19,714 shares of the bank's stock valued at $324,000 after buying an additional 993 shares during the period. Miracle Mile Advisors LLC raised its holdings in shares of Fulton Financial by 3.3% during the third quarter. Miracle Mile Advisors LLC now owns 32,494 shares of the bank's stock valued at $394,000 after acquiring an additional 1,048 shares in the last quarter. Finally, Meridian Wealth Partners LLC lifted its stake in Fulton Financial by 6.1% in the third quarter. Meridian Wealth Partners LLC now owns 18,579 shares of the bank's stock worth $225,000 after acquiring an additional 1,075 shares during the period. Institutional investors own 72.02% of the company's stock.

Fulton Financial Stock Up 7.6 %

FULT traded up $1.18 during midday trading on Monday, reaching $16.80. The company's stock had a trading volume of 11,176,877 shares, compared to its average volume of 1,256,688. The stock's 50-day moving average is $15.32 and its 200-day moving average is $15.08. Fulton Financial Co. has a 1 year low of $9.64 and a 1 year high of $17.34. The firm has a market capitalization of $2.72 billion, a price-to-earnings ratio of 10.43 and a beta of 0.81. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.43.

Fulton Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 1st were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 4.05%. The ex-dividend date was Thursday, March 28th. Fulton Financial's dividend payout ratio (DPR) is presently 42.24%.

Wall Street Analyst Weigh In

Several research analysts have commented on FULT shares. Jefferies Financial Group decreased their price objective on shares of Fulton Financial from $17.00 to $16.00 and set a "hold" rating for the company in a report on Monday, April 8th. Stephens decreased their price target on shares of Fulton Financial from $16.00 to $15.50 and set an "equal weight" rating for the company in a research note on Thursday, April 18th. Janney Montgomery Scott raised Fulton Financial from a "neutral" rating to a "buy" rating and set a $19.50 price objective on the stock in a research report on Monday. Keefe, Bruyette & Woods increased their target price on Fulton Financial from $16.00 to $17.00 and gave the stock a "market perform" rating in a research report on Thursday, January 18th. Finally, StockNews.com lowered Fulton Financial from a "hold" rating to a "sell" rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $17.00.

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.