1 week Ago By Defense World Staff
JPMorgan Chase & Co. lifted its holdings in shares of Fulton Financial Co. ( NASDAQ:FULT – Free Report ) by 137.
3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,322,616 shares of the bank’s stock after purchasing an additional 765,313 shares during the period. JPMorgan Chase & Co.
owned about 0.73% of Fulton Financial worth $25,500,000 as of its most recent SEC filing. Other institutional investors have also recently modified their holdings of the company.
Jones Financial Companies Lllp grew its holdings in Fulton Financial by 193.4% during the 4th quarter. Jones Financial Companies Lllp now owns 1,294 shares of the bank’s stock valued at $25,000 after buying an additional 853 shares during the last quarter.
Quarry LP purchased a new stake in shares of Fulton Financial in the third quarter valued at $33,000. McClarren Financial Advisors Inc. acquired a new stake in shares of Fulton Financial during the fourth quarter valued at $44,000.
Blue Trust Inc. increased its position in Fulton Financial by 10.3% during the 4th quarter.
Blue Trust Inc. now owns 5,455 shares of the bank’s stock worth $99,000 after purchasing an additional 509 shares in the last quarter. Finally, AlphaQuest LLC raised its stake in Fulton Financial by 16,041.
2% in the 4th quarter. AlphaQuest LLC now owns 5,488 shares of the bank’s stock valued at $106,000 after purchasing an additional 5,454 shares during the last quarter. 72.
02% of the stock is currently owned by institutional investors and hedge funds. Analyst Ratings Changes FULT has been the topic of several analyst reports. StockNews.
com raised shares of Fulton Financial from a “sell” rating to a “hold” rating in a research note on Thursday, January 23rd. Hovde Group upped their price objective on shares of Fulton Financial from $22.00 to $22.
50 and gave the company a “market perform” rating in a research note on Monday, January 27th. Keefe, Bruyette & Woods lifted their target price on shares of Fulton Financial from $23.00 to $24.
00 and gave the stock a “market perform” rating in a research note on Thursday, January 23rd. Finally, DA Davidson increased their price target on Fulton Financial from $21.00 to $22.
00 and gave the stock a “neutral” rating in a research note on Friday, January 24th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Fulton Financial presently has a consensus rating of “Hold” and an average price target of $20.
64. Insider Buying and Selling In related news, President Angela M. Snyder sold 13,322 shares of Fulton Financial stock in a transaction on Monday, January 27th.
The shares were sold at an average price of $20.69, for a total transaction of $275,632.18.
Following the transaction, the president now owns 63,682 shares in the company, valued at approximately $1,317,580.58. The trade was a 17.
30 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link . Corporate insiders own 1.
07% of the company’s stock. Fulton Financial Stock Performance Shares of FULT stock opened at $15.22 on Wednesday.
The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.90 and a current ratio of 0.
90. The firm has a market capitalization of $2.77 billion, a price-to-earnings ratio of 9.
69 and a beta of 0.68. Fulton Financial Co.
has a one year low of $13.87 and a one year high of $22.49.
The company has a 50 day moving average price of $18.82 and a 200 day moving average price of $19.33.
Fulton Financial ( NASDAQ:FULT – Get Free Report ) last released its quarterly earnings data on Tuesday, January 21st. The bank reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.
42 by $0.06. Fulton Financial had a return on equity of 11.
41% and a net margin of 15.87%. During the same quarter in the prior year, the business posted $0.
42 earnings per share. Sell-side analysts anticipate that Fulton Financial Co. will post 1.
91 EPS for the current year. Fulton Financial Announces Dividend The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be issued a dividend of $0.
18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.
73%. The ex-dividend date is Tuesday, April 1st. Fulton Financial’s payout ratio is currently 45.
86%. About Fulton Financial ( Free Report ) 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.
Featured Stories Five stocks we like better than Fulton Financial 3 Tickers Leading a Meme Stock Revival Tariff-Proof Stocks: 3 Big Bargains With Huge Upside Potential Are Penny Stocks a Good Fit for Your Portfolio? Qualcomm Breaks Down But RSI Signals It’s Severely Oversold How the NYSE and NASDAQ are Different, Why That Matters to Investors Tesla’s #1 Bull Cuts Target But Says It’s Still a Buy Receive News & Ratings for Fulton Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fulton Financial and related companies with MarketBeat.com's FREE daily email newsletter ..
