Fulton Financial Co. (NASDAQ:FULT) Shares Acquired by Private Advisor Group LLC

Private Advisor Group LLC grew its position in Fulton Financial Co. (NASDAQ:FULT) by 7.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,656 shares of the bank’s stock after buying an additional 2,303 shares during the quarter. Private Advisor Group LLC’s holdings in Fulton Financial were worth $592,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Stewardship Advisors LLC acquired a new position in Fulton Financial during the 3rd quarter worth $318,000. Blue Trust Inc. grew its stake in Fulton Financial by 28.8% during the 3rd quarter. Blue Trust Inc. now owns 4,946 shares of the bank’s stock worth $84,000 after purchasing an additional 1,106 shares in the last quarter. Good Life Advisors LLC acquired a new position in Fulton Financial during the 3rd quarter worth $830,000. Creative Planning grew its stake in Fulton Financial by 26.5% during the 3rd quarter. Creative Planning now owns 33,554 shares of the bank’s stock worth $608,000 after purchasing an additional 7,039 shares in the last quarter. Finally, Inspire Investing LLC grew its stake in Fulton Financial by 10.9% during the 3rd quarter. Inspire Investing LLC now owns 22,737 shares of the bank’s stock worth $412,000 after purchasing an additional 2,229 shares in the last quarter. 72.02% of the stock is owned by institutional investors and hedge funds.

Fulton Financial Stock Down 0.3 %

Shares of NASDAQ FULT opened at $18.06 on Monday. The company has a market capitalization of $3.29 billion, a price-to-earnings ratio of 11.43 and a beta of 0.73. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.90 and a quick ratio of 0.90. The business has a 50-day moving average of $18.10 and a two-hundred day moving average of $17.49. Fulton Financial Co. has a 1 year low of $13.19 and a 1 year high of $20.33.

Fulton Financial (NASDAQ:FULT) last announced its quarterly earnings results on Tuesday, October 15th. The bank reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.06. The company had revenue of $487.33 million during the quarter, compared to the consensus estimate of $321.00 million. Fulton Financial had a return on equity of 11.14% and a net margin of 16.37%. During the same period in the previous year, the business earned $0.43 EPS. On average, analysts forecast that Fulton Financial Co. will post 1.75 earnings per share for the current fiscal year.

Fulton Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 3.77%. The ex-dividend date of this dividend was Tuesday, October 1st. Fulton Financial’s payout ratio is currently 43.04%.

Analysts Set New Price Targets

Several research analysts recently commented on FULT shares. Piper Sandler set a $21.00 target price on Fulton Financial in a research note on Thursday, October 17th. StockNews.com raised Fulton Financial from a “sell” rating to a “hold” rating in a research note on Thursday, July 18th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Fulton Financial has a consensus rating of “Hold” and a consensus price target of $18.83.

Fulton Financial Company 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.