15,709 Shares in Fulton Financial Co. (NASDAQ:FULT) Acquired by Oxford Asset Management LLP

Oxford Asset Management LLP bought a new stake in Fulton Financial Co. (NASDAQ:FULT - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 15,709 shares of the bank's stock, valued at approximately $303,000.

Several other institutional investors and hedge funds also recently bought and sold shares of FULT. Barclays PLC increased its stake in Fulton Financial by 79.4% during the 3rd quarter. Barclays PLC now owns 420,636 shares of the bank's stock worth $7,626,000 after buying an additional 186,215 shares during the period. Wilmington Savings Fund Society FSB increased its position in shares of Fulton Financial by 52.0% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 31,500 shares of the bank's stock valued at $571,000 after purchasing an additional 10,773 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Fulton Financial by 130.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 557,303 shares of the bank's stock valued at $10,104,000 after buying an additional 315,435 shares in the last quarter. Nordea Investment Management AB grew its holdings in shares of Fulton Financial by 6.5% during the fourth quarter. Nordea Investment Management AB now owns 567,790 shares of the bank's stock worth $11,007,000 after purchasing an additional 34,844 shares during the last quarter. Finally, Ameritas Advisory Services LLC purchased a new position in shares of Fulton Financial during the fourth quarter worth about $632,000. 72.02% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Fulton Financial Price Performance

Shares of Fulton Financial stock traded up $0.23 during trading on Thursday, hitting $16.91. The stock had a trading volume of 1,142,857 shares, compared to its average volume of 1,485,420. 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 firm has a market cap of $3.08 billion, a P/E ratio of 10.77 and a beta of 0.68. The business has a fifty day moving average of $17.36 and a two-hundred day moving average of $19.13. Fulton Financial Co. has a fifty-two week low of $14.33 and a fifty-two week high of $22.49.

Fulton Financial (NASDAQ:FULT - Get Free Report) last released its earnings results on Tuesday, April 15th. The bank reported $0.52 earnings per share 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 business had revenue of $322.64 million for the quarter, compared to the consensus estimate of $315.07 million. During the same period last year, the firm posted $0.40 earnings per share. On average, sell-side analysts expect that Fulton Financial Co. will post 1.91 earnings per share for the current fiscal year.

Fulton Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 4.26%. The ex-dividend date of this dividend was Tuesday, April 1st. Fulton Financial's payout ratio is currently 42.35%.

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.