Disciplined Equity Management Inc. Makes New $32,000 Investment in Fulton Financial Co. (NASDAQ:FULT)

Disciplined Equity Management Inc. purchased a new position in Fulton Financial Co. (NASDAQ:FULT) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,969 shares of the bank’s stock, valued at approximately $32,000.

Several other large investors also recently made changes to their positions in the stock. New York State Common Retirement Fund raised its stake in shares of Fulton Financial by 1.4% in the 4th quarter. New York State Common Retirement Fund now owns 481,189 shares of the bank’s stock valued at $7,920,000 after acquiring an additional 6,484 shares in the last quarter. Federated Hermes Inc. raised its position in shares of Fulton Financial by 8.4% in the fourth quarter. Federated Hermes Inc. now owns 118,284 shares of the bank’s stock valued at $1,947,000 after purchasing an additional 9,151 shares during the period. Everence Capital Management Inc. bought a new position in shares of Fulton Financial in the fourth quarter valued at approximately $239,000. Strs Ohio acquired a new stake in shares of Fulton Financial in the fourth quarter worth $29,000. Finally, Louisiana State Employees Retirement System bought a new stake in shares of Fulton Financial during the 4th quarter worth $1,353,000. Institutional investors own 72.02% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on FULT. Keefe, Bruyette & Woods boosted their target price on shares of Fulton Financial from $16.00 to $17.00 and gave the stock a “market perform” rating in a research report on Thursday, January 18th. Stephens cut their price objective on Fulton Financial from $16.00 to $15.50 and set an “equal weight” rating for the company in a research report on Thursday, April 18th. StockNews.com raised Fulton Financial from a “sell” rating to a “hold” rating in a report on Wednesday, March 13th. Finally, Jefferies Financial Group cut their price target on Fulton Financial from $17.00 to $16.00 and set a “hold” rating for the company in a report on Monday, April 8th. Four equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, Fulton Financial has an average rating of “Hold” and a consensus target price of $16.17.

Fulton Financial Stock Performance

Shares of NASDAQ FULT traded up $0.18 during mid-day trading on Wednesday, hitting $15.52. The company had a trading volume of 841,776 shares, compared to its average volume of 1,115,291. Fulton Financial Co. has a 12 month low of $9.64 and a 12 month high of $17.06. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.90 and a quick ratio of 0.90. The firm has a market cap of $2.51 billion, a P/E ratio of 9.64 and a beta of 0.81. The business’s 50-day simple moving average is $15.31 and its 200-day simple moving average is $14.99.

Fulton Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 1st were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 4.38%. The ex-dividend date was Thursday, March 28th. Fulton Financial’s payout ratio is presently 42.24%.

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.