Fulton Financial Co. (NASDAQ:FULT) Shares Purchased by Raymond James & Associates

Raymond James & Associates boosted its stake in Fulton Financial Co. (NASDAQ:FULT) by 7.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 54,869 shares of the bank’s stock after acquiring an additional 3,826 shares during the quarter. Raymond James & Associates’ holdings in Fulton Financial were worth $654,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in FULT. Raymond James Financial Services Advisors Inc. grew its stake in Fulton Financial by 19.4% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 29,186 shares of the bank’s stock valued at $485,000 after acquiring an additional 4,742 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new stake in Fulton Financial during the 1st quarter worth $185,000. HighTower Advisors LLC boosted its stake in Fulton Financial by 2.0% during the 1st quarter. HighTower Advisors LLC now owns 59,232 shares of the bank’s stock worth $986,000 after purchasing an additional 1,142 shares during the last quarter. Private Advisor Group LLC boosted its stake in Fulton Financial by 2.9% during the 1st quarter. Private Advisor Group LLC now owns 31,259 shares of the bank’s stock worth $520,000 after purchasing an additional 887 shares during the last quarter. Finally, AlphaCrest Capital Management LLC boosted its stake in Fulton Financial by 37.2% during the 1st quarter. AlphaCrest Capital Management LLC now owns 28,105 shares of the bank’s stock worth $467,000 after purchasing an additional 7,619 shares during the last quarter. Institutional investors and hedge funds own 69.55% of the company’s stock.

Fulton Financial Stock Down 2.0 %

NASDAQ FULT opened at $13.87 on Tuesday. Fulton Financial Co. has a 52 week low of $9.64 and a 52 week high of $18.91. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 0.48. The business’s fifty day simple moving average is $12.66 and its 200-day simple moving average is $12.51. The firm has a market cap of $2.28 billion, a PE ratio of 7.97 and a beta of 0.80.

Fulton Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Monday, October 2nd were issued a dividend of $0.16 per share. The ex-dividend date was Friday, September 29th. This represents a $0.64 annualized dividend and a dividend yield of 4.61%. Fulton Financial’s dividend payout ratio is presently 36.78%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on FULT. Jefferies Financial Group lowered their target price on shares of Fulton Financial from $13.00 to $12.00 in a research note on Tuesday, October 10th. TheStreet raised shares of Fulton Financial from a “c+” rating to a “b-” rating in a research note on Thursday, August 3rd. StockNews.com began coverage on shares of Fulton Financial in a research note on Thursday, October 5th. They set a “hold” rating on the stock. Finally, Stephens reaffirmed an “overweight” rating and set a $14.50 target price on shares of Fulton Financial in a research note on Thursday, July 20th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Fulton Financial presently has an average rating of “Hold” and an average price target of $15.00.

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.