82,200 Shares in Fulton Financial Co. (NASDAQ:FULT) Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System purchased a new position in shares of Fulton Financial Co. (NASDAQ:FULT) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 82,200 shares of the bank’s stock, valued at approximately $1,353,000.

A number of other large investors have also recently bought and sold shares of FULT. Raymond James & Associates boosted its stake in Fulton Financial by 12.0% during the 1st quarter. Raymond James & Associates now owns 49,094 shares of the bank’s stock worth $816,000 after purchasing an additional 5,268 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in Fulton Financial by 19.4% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 29,186 shares of the bank’s stock worth $485,000 after purchasing 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 lifted its stake in shares of Fulton Financial by 2.0% in the 1st quarter. HighTower Advisors LLC now owns 59,232 shares of the bank’s stock worth $986,000 after acquiring an additional 1,142 shares during the period. Finally, Private Advisor Group LLC lifted its stake in shares of Fulton Financial by 2.9% in the 1st quarter. Private Advisor Group LLC now owns 31,259 shares of the bank’s stock worth $520,000 after acquiring an additional 887 shares during the period. Institutional investors and hedge funds own 72.02% of the company’s stock.

Fulton Financial Stock Up 3.9 %

Shares of NASDAQ FULT opened at $14.99 on Monday. The company has a quick ratio of 0.95, a current ratio of 0.90 and a debt-to-equity ratio of 0.43. Fulton Financial Co. has a 52 week low of $9.64 and a 52 week high of $17.06. The firm has a 50-day moving average price of $15.30 and a 200 day moving average price of $14.94. The stock has a market capitalization of $2.43 billion, a price-to-earnings ratio of 9.31 and a beta of 0.81.

Fulton Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 1st were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 4.54%. The ex-dividend date was Thursday, March 28th. Fulton Financial’s dividend payout ratio (DPR) is 42.24%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on FULT shares. StockNews.com upgraded shares of Fulton Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, March 13th. Keefe, Bruyette & Woods raised their target price on shares of Fulton Financial from $16.00 to $17.00 and gave the stock a “market perform” rating in a research note on Thursday, January 18th. Jefferies Financial Group reduced their target price on shares of Fulton Financial from $17.00 to $16.00 and set a “hold” rating for the company in a research note on Monday, April 8th. Finally, Stephens reduced their target price 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. Four equities research analysts have rated the stock with a hold rating, According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $16.17.

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.