Yousif Capital Management LLC Has $1.21 Million Stake in Fulton Financial Corporation (NASDAQ:FULT)

Yousif Capital Management LLC trimmed its position in Fulton Financial Corporation (NASDAQ:FULT) by 2.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,130 shares of the bank’s stock after selling 1,733 shares during the quarter. Yousif Capital Management LLC’s holdings in Fulton Financial were worth $1,214,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. grew its holdings in shares of Fulton Financial by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,377,428 shares of the bank’s stock worth $45,837,000 after purchasing an additional 19,329 shares in the last quarter. Federated Hermes Inc. grew its stake in Fulton Financial by 6.3% during the fourth quarter. Federated Hermes Inc. now owns 291,302 shares of the bank’s stock worth $5,616,000 after buying an additional 17,182 shares in the last quarter. Allworth Financial LP grew its stake in Fulton Financial by 1,255.1% during the fourth quarter. Allworth Financial LP now owns 20,381 shares of the bank’s stock worth $420,000 after buying an additional 18,877 shares in the last quarter. Deutsche Bank AG boosted its position in shares of Fulton Financial by 50.1% during the 4th quarter. Deutsche Bank AG now owns 154,894 shares of the bank’s stock worth $2,986,000 after acquiring an additional 51,670 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of Fulton Financial by 4.4% during the 4th quarter. Principal Financial Group Inc. now owns 1,051,823 shares of the bank’s stock worth $20,279,000 after acquiring an additional 44,237 shares in the last quarter. 72.02% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently weighed in on FULT. DA Davidson restated a “neutral” rating and issued a $20.00 price target on shares of Fulton Financial in a research note on Wednesday, April 16th. Keefe, Bruyette & Woods cut their target price on shares of 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. Finally, Piper Sandler cut their price target on shares of Fulton Financial from $22.00 to $20.00 and set a “neutral” rating on the stock in a report on Thursday, April 17th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $20.30.

Fulton Financial Price Performance

Fulton Financial stock opened at $16.93 on Wednesday. The stock’s 50 day moving average is $17.05 and its 200 day moving average is $18.61. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.92 and a quick ratio of 0.92. The firm has a market cap of $3.08 billion, a P/E ratio of 9.96 and a beta of 0.77. Fulton Financial Corporation has a one year low of $14.33 and a one year high of $22.49.

Fulton Financial (NASDAQ:FULT) last posted its quarterly earnings data on Tuesday, April 15th. The bank reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.08. The company had revenue of $322.64 million for the quarter, compared to analyst estimates of $315.07 million. Fulton Financial had a return on equity of 12.19% and a net margin of 16.59%. During the same period in the previous year, the firm earned $0.40 earnings per share. As a group, research analysts expect that Fulton Financial Corporation will post 1.91 EPS for the current year.

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.