Fulton Financial Corporation $FULT Stock: State of Alaska Department of Revenue Trims Holdings

State of Alaska Department of Revenue decreased its position in Fulton Financial Corporation (NASDAQ:FULT) by 43.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 39,472 shares of the bank’s stock after selling 30,794 shares during the quarter. State of Alaska Department of Revenue’s holdings in Fulton Financial were worth $889,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in FULT. Waverly Advisors LLC acquired a new position in Fulton Financial in the second quarter valued at about $733,000. First Trust Advisors LP grew its stake in Fulton Financial by 31.2% during the first quarter. First Trust Advisors LP now owns 8,050,923 shares of the bank’s stock worth $163,756,000 after buying an additional 1,912,709 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Fulton Financial by 132.4% during the first quarter. Bank of America Corp DE now owns 1,576,996 shares of the bank’s stock worth $32,076,000 after buying an additional 898,435 shares in the last quarter. Deutsche Bank AG acquired a new stake in shares of Fulton Financial during the second quarter worth approximately $4,899,000. Finally, Econ Financial Services Corp increased its holdings in shares of Fulton Financial by 57.1% during the first quarter. Econ Financial Services Corp now owns 164,003 shares of the bank’s stock worth $3,336,000 after buying an additional 59,614 shares in the last quarter. Institutional investors and hedge funds own 72.02% of the company’s stock.

Insider Buying and Selling

In other news, Director Lisa Crutchfield sold 4,100 shares of the stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $24.80, for a total value of $101,680.00. Following the transaction, the director owned 7,838 shares of the company’s stock, valued at $194,382.40. This represents a 34.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.01% of the company’s stock.

Fulton Financial Stock Down 0.4%

Shares of NASDAQ:FULT opened at $22.53 on Thursday. Fulton Financial Corporation has a one year low of $16.91 and a one year high of $25.23. The company has a 50 day moving average of $23.20 and a 200-day moving average of $22.93. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a market cap of $4.30 billion, a price-to-earnings ratio of 10.78 and a beta of 0.79.

Fulton Financial (NASDAQ:FULT) last posted its quarterly earnings results on Wednesday, October 21st. The bank reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.07. Fulton Financial had a net margin of 20.63% and a return on equity of 12.68%. The business had revenue of $367.26 million during the quarter, compared to the consensus estimate of $366.71 million. During the same period in the previous year, the firm posted $0.55 earnings per share. On average, sell-side analysts forecast that Fulton Financial Corporation will post 2.22 earnings per share for the current year.

Fulton Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Thursday, October 1st were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Thursday, October 1st. Fulton Financial’s payout ratio is currently 36.36%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Fulton Financial in a research note on Wednesday, July 29th. Wall Street Zen upgraded Fulton Financial from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. DA Davidson increased their price target on Fulton Financial from $24.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. Piper Sandler reaffirmed a “neutral” rating and set a $27.00 price target (up from $23.00) on shares of Fulton Financial in a report on Monday, August 3rd. Finally, Raymond James Financial downgraded Fulton Financial from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 6th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $24.75.

Key Headlines Impacting Fulton Financial

Here are the key news stories impacting Fulton Financial this week:

• Positive Sentiment: Earnings and revenue exceeded expectations. Fulton reported quarterly earnings of approximately $0.59-$0.62 per diluted share, compared with analyst estimates of roughly $0.53-$0.55. Revenue of $367.26 million also edged out the $366.71 million consensus estimate. Earnings increased from $0.55 per share a year earlier. Fulton Financial Beats Q3 Earnings and Revenue Estimates
• Positive Sentiment: Profitability improved sequentially. Net income available to common shareholders rose $14.2 million from the second quarter to $114.1 million. Net interest income increased $5.8 million to $290.0 million, while non-interest expense fell $12.4 million to $218.5 million. The bank also reported a 20.63% net margin and 12.68% return on equity. Fulton Financial Announces Third Quarter 2026 Results
• Positive Sentiment: Deposits and capital returns were encouraging. Total deposits grew $571 million to $28.8 billion, and Fulton repurchased 2.325 million shares for $56.1 million, supporting per-share value and signaling management confidence.
• Neutral Sentiment: Loan growth was limited. Total net loans increased only $43.6 million to $26.0 billion, indicating modest balance-sheet expansion despite stronger deposits.
• Negative Sentiment: Non-interest income declined. Fee and other non-interest revenue fell $2.1 million sequentially to $77.2 million, partially offsetting gains from net interest income and expense control.

About Fulton Financial

Fulton Financial Corporation is a regional bank holding company headquartered in Lancaster, Pennsylvania. Through its principal subsidiary, Fulton Bank, N.A., the company provides banking and financial services to individuals, businesses, and institutions.

Fulton Bank offers deposit accounts, consumer and commercial lending, residential mortgages, and cash-management and treasury services. Its other offerings include wealth management, trust and investment services, financial planning, and insurance solutions.

Founded in 1882, Fulton Financial serves customers through banking offices and digital channels in Pennsylvania, Delaware, Maryland, New Jersey, and Virginia.