Fisher Asset Management LLC Sells 112,239 Shares of Fulton Financial Corporation $FULT

Fisher Asset Management LLC lessened its stake in Fulton Financial Corporation (NASDAQ:FULT) by 3.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,251,270 shares of the bank’s stock after selling 112,239 shares during the period. Fisher Asset Management LLC owned about 1.80% of Fulton Financial worth $62,847,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in FULT. V Square Quantitative Management LLC bought a new stake in shares of Fulton Financial in the 4th quarter valued at about $28,000. Torren Management LLC bought a new stake in shares of Fulton Financial in the 4th quarter valued at about $28,000. EverSource Wealth Advisors LLC grew its position in shares of Fulton Financial by 373.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,662 shares of the bank’s stock valued at $30,000 after buying an additional 1,311 shares during the last quarter. State of Wyoming bought a new stake in shares of Fulton Financial in the 2nd quarter valued at about $30,000. Finally, Parallel Advisors LLC grew its position in shares of Fulton Financial by 69.0% in the 3rd quarter. Parallel Advisors LLC now owns 1,903 shares of the bank’s stock valued at $35,000 after buying an additional 777 shares during the last quarter. Institutional investors own 72.02% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on FULT. Wall Street Zen lowered Fulton Financial from a “hold” rating to a “sell” rating in a research report on Sunday, May 3rd. DA Davidson began coverage on Fulton Financial in a research report on Wednesday, February 25th. They set a “neutral” rating and a $24.00 target price on the stock. Weiss Ratings upgraded Fulton Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 1st. Finally, Raymond James Financial restated an “outperform” rating and set a $24.00 target price on shares of Fulton Financial in a research report on Monday, April 27th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Fulton Financial presently has a consensus rating of “Hold” and an average price target of $23.00.

Fulton Financial Price Performance

Shares of Fulton Financial stock opened at $21.44 on Tuesday. Fulton Financial Corporation has a one year low of $16.60 and a one year high of $22.99. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.90 and a quick ratio of 0.90. The stock’s 50-day moving average is $20.95 and its 200 day moving average is $20.28. The firm has a market cap of $4.10 billion, a price-to-earnings ratio of 10.21 and a beta of 0.81.

Fulton Financial (NASDAQ:FULT) last announced its quarterly earnings results on Wednesday, April 22nd. The bank reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.05. The business had revenue of $331.86 million for the quarter, compared to analyst estimates of $359.36 million. Fulton Financial had a return on equity of 12.69% and a net margin of 20.85%.During the same quarter in the prior year, the company earned $0.52 earnings per share. Equities research analysts anticipate that Fulton Financial Corporation will post 2.17 EPS for the current year.

Fulton Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 1st were issued a $0.19 dividend. The ex-dividend date was Wednesday, April 1st. This represents a $0.76 annualized dividend and a yield of 3.5%. Fulton Financial’s dividend payout ratio is presently 36.19%.

Insider Transactions at Fulton Financial

In other Fulton Financial news, Director E Philip Wenger sold 5,000 shares of the stock in a transaction that occurred on Monday, April 13th. The stock was sold at an average price of $21.42, for a total value of $107,100.00. Following the transaction, the director owned 80,477 shares in the company, valued at approximately $1,723,817.34. This represents a 5.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.01% of the company’s stock.

Fulton Financial Company Profile

Fulton Financial Corporation, trading on the NASDAQ under the ticker FULT, is the financial holding company for Fulton Bank, headquartered in Lancaster, Pennsylvania. The company delivers a broad range of banking and financial services through its subsidiary, Fulton Bank, targeting both individual and corporate clients. Fulton Financial’s offerings include deposit accounts, lending solutions, treasury management, and specialized banking services designed to support personal wealth goals and business growth initiatives.

Through Fulton Bank, the company provides retail banking services such as checking and savings accounts, consumer and residential mortgage loans, and home equity products.