Principle Wealth Partners LLC purchased a new stake in shares of Fulton Financial Corporation (NASDAQ:FULT – Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 41,096 shares of the bank’s stock, valued at approximately $994,000.
Several other large investors also recently bought and sold shares of FULT. Norges Bank bought a new stake in shares of Fulton Financial in the fourth quarter worth approximately $44,271,000. Jefferies Financial Group Inc. bought a new position in Fulton Financial during the fourth quarter valued at approximately $4,580,000. First Trust Advisors LP lifted its position 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 valued at $163,756,000 after purchasing an additional 1,912,709 shares during the period. UBS Group AG boosted its holdings in Fulton Financial by 78.0% in the fourth quarter. UBS Group AG now owns 666,449 shares of the bank’s stock worth $12,882,000 after purchasing an additional 291,975 shares during the last quarter. Finally, Ruffer LLP purchased a new stake in Fulton Financial in the fourth quarter worth approximately $3,074,000. 72.02% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Fulton Financial
In other news, Director E Philip Wenger sold 5,000 shares of the firm’s stock in a transaction dated Monday, July 13th. The stock was sold at an average price of $24.14, for a total value of $120,700.00. Following the transaction, the director owned 75,477 shares of the company’s stock, valued at $1,822,014.78. This trade represents a 6.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lisa Crutchfield sold 4,100 shares of Fulton Financial stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $24.80, for a total value of $101,680.00. Following the transaction, the director directly owned 7,838 shares in the company, valued at approximately $194,382.40. The trade was a 34.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.01% of the stock is currently owned by insiders.
Analyst Ratings Changes
Read Our Latest Research Report on Fulton Financial
Fulton Financial Stock Down 0.7%
Shares of FULT stock opened at $24.47 on Tuesday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.15. Fulton Financial Corporation has a 12 month low of $16.60 and a 12 month high of $25.23. The stock has a market cap of $4.67 billion, a P/E ratio of 11.71 and a beta of 0.79. The company has a 50 day simple moving average of $24.07 and a two-hundred day simple moving average of $22.18.
Fulton Financial (NASDAQ:FULT – Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The bank reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.53 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 $367.87 million for the quarter, compared to analysts’ expectations of $358.83 million. During the same quarter last year, the company posted $0.55 EPS. The company’s revenue was up 12.2% compared to the same quarter last year. On average, research analysts expect that Fulton Financial Corporation will post 2.23 earnings per share for the current year.
Fulton Financial Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st were given a dividend of $0.19 per share. The ex-dividend date was Wednesday, July 1st. This represents a $0.76 annualized dividend and a yield of 3.1%. Fulton Financial’s payout ratio is 36.36%.
About Fulton Financial
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.
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