Odyssean LLC bought a new position in shares of Fulton Financial Corporation (NASDAQ:FULT – Free Report) during the second quarter, Holdings Channel.com reports. The firm bought 28,180 shares of the bank’s stock, valued at approximately $682,000.
Several other hedge funds have also modified their holdings of the stock. Man Group plc acquired a new position in Fulton Financial during the 2nd quarter worth $2,270,000. Jupiter Topco LLC acquired a new stake in shares of Fulton Financial in the 2nd quarter valued at $33,861,000. Hsbc Holdings PLC bought a new stake in shares of Fulton Financial during the second quarter worth $2,726,000. Palisade Capital Management LP acquired a new position in shares of Fulton Financial during the second quarter valued at $12,518,000. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Fulton Financial during the second quarter valued at $917,000. 72.02% of the stock is owned by institutional investors.
Fulton Financial Stock Up 0.6%
Shares of NASDAQ:FULT opened at $23.80 on Thursday. Fulton Financial Corporation has a 52 week low of $16.60 and a 52 week high of $25.23. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market capitalization of $4.54 billion, a PE ratio of 11.39 and a beta of 0.79. The company has a 50 day moving average price of $24.19 and a two-hundred day moving average price of $22.31.
Fulton Financial Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Wednesday, July 1st. Fulton Financial’s dividend payout ratio (DPR) is presently 36.36%.
Insider Buying and Selling at Fulton Financial
In other Fulton Financial news, Director E Philip Wenger sold 5,000 shares of the business’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 completion of the transaction, the director directly owned 75,477 shares of the company’s stock, valued at approximately $1,822,014.78. The trade was a 6.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lisa Crutchfield sold 4,100 shares of the stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $24.80, for a total value of $101,680.00. Following the completion of the sale, the director owned 7,838 shares of the company’s stock, valued at $194,382.40. This trade represents a 34.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.01% of the company’s stock.
Analyst Ratings Changes
Several equities analysts recently issued reports on the company. Raymond James Financial raised their price target on Fulton Financial from $24.00 to $26.00 and gave the company an “outperform” rating in a report on Wednesday, July 1st. Weiss Ratings restated a “buy (b)” rating on shares of Fulton Financial in a research report on Wednesday, July 29th. DA Davidson raised their target price on shares of Fulton Financial from $24.00 to $25.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Wall Street Zen upgraded shares of Fulton Financial from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Finally, Piper Sandler reiterated a “neutral” rating and set a $27.00 price target (up from $23.00) on shares of Fulton Financial in a research report on Monday, August 3rd. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $24.75.
View Our Latest Analysis on Fulton Financial
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.
Featured Stories
- Five stocks we like better than Fulton Financial
- Williams-Sonoma’s Quarter Gave Bulls More Than Just a Beat-and-Raise
- Alcoa’s Gallium Project Opens a New Door Beyond Aluminum
- Oura’s $16 Billion IPO Could Put a New Price on Wearable Tech
- Can Tesla’s Flying Roadster Distract From Its Real Risks?
Want to see what other hedge funds are holding FULT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fulton Financial Corporation (NASDAQ:FULT – Free Report).
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.
