Cerity Partners LLC Purchases Shares of 32,595 Fulton Financial Co. (NASDAQ:FULT)

Cerity Partners LLC bought a new position in shares of Fulton Financial Co. (NASDAQ:FULTGet Rating) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 32,595 shares of the bank’s stock, valued at approximately $475,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of FULT. Meeder Asset Management Inc. acquired a new stake in shares of Fulton Financial during the first quarter worth $27,000. Lazard Asset Management LLC lifted its holdings in shares of Fulton Financial by 1,554.1% during the first quarter. Lazard Asset Management LLC now owns 2,200 shares of the bank’s stock worth $36,000 after buying an additional 2,067 shares in the last quarter. Point72 Hong Kong Ltd lifted its holdings in shares of Fulton Financial by 11.7% during the first quarter. Point72 Hong Kong Ltd now owns 7,082 shares of the bank’s stock worth $118,000 after buying an additional 742 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Fulton Financial during the second quarter worth $144,000. Finally, Aigen Investment Management LP acquired a new stake in shares of Fulton Financial during the second quarter worth $168,000. Institutional investors and hedge funds own 64.90% of the company’s stock.

Insider Buying and Selling at Fulton Financial

In other Fulton Financial news, EVP Angela M. Snyder sold 4,818 shares of Fulton Financial stock in a transaction dated Monday, October 31st. The stock was sold at an average price of $18.23, for a total value of $87,832.14. Following the transaction, the executive vice president now owns 33,246 shares in the company, valued at $606,074.58. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.01% of the company’s stock.

Fulton Financial Stock Up 1.0 %

FULT stock opened at $18.14 on Friday. The company has a market cap of $3.04 billion, a PE ratio of 11.55 and a beta of 0.80. The business has a 50-day simple moving average of $17.20 and a 200 day simple moving average of $16.19. Fulton Financial Co. has a 52 week low of $13.72 and a 52 week high of $19.17. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.12.

Fulton Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 17th. Shareholders of record on Monday, October 3rd were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date of this dividend was Friday, September 30th. Fulton Financial’s dividend payout ratio is presently 38.22%.

Wall Street Analysts Forecast Growth

FULT has been the subject of a number of research reports. DA Davidson reissued a “neutral” rating on shares of Fulton Financial in a report on Wednesday, July 27th. Piper Sandler boosted their price target on Fulton Financial to $20.00 in a research note on Wednesday, October 5th. Finally, StockNews.com began coverage on Fulton Financial in a research note on Wednesday, October 12th. They issued a “hold” rating for the company.

About Fulton Financial

(Get Rating)

Fulton Financial Corporation operates as a financial holding company that provides consumer and commercial banking products and services. It accepts various checking accounts and savings deposit products, certificates of deposit, and individual retirement accounts. The company also offers secured consumer loans, including home equity loans and lines of credit, automobile loans, personal lines of credit, and checking account overdraft protection; construction and jumbo residential mortgage loans; and commercial lending products comprising commercial real estate, commercial and industrial, and construction loans, as well as equipment lease financing loans.

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Institutional Ownership by Quarter for Fulton Financial (NASDAQ:FULT)

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