Y Intercept Hong Kong Ltd purchased a new stake in shares of Fulton Financial Corporation (NASDAQ:FULT – Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 171,912 shares of the bank’s stock, valued at approximately $3,497,000. Y Intercept Hong Kong Ltd owned 0.10% of Fulton Financial at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Root Financial Partners LLC lifted its holdings in Fulton Financial by 89.9% in the first quarter. Root Financial Partners LLC now owns 1,282 shares of the bank’s stock worth $26,000 after buying an additional 607 shares during the period. Kestra Advisory Services LLC purchased a new position in Fulton Financial during the fourth quarter valued at $25,000. Eurizon Capital SGR S.p.A. bought a new position in Fulton Financial during the fourth quarter valued at approximately $27,000. Torren Management LLC bought a new stake in shares of Fulton Financial in the 4th quarter worth about $28,000. Finally, V Square Quantitative Management LLC bought a new position in shares of Fulton Financial in the 4th quarter valued at about $28,000. Institutional investors own 72.02% of the company’s stock.
Insider Buying and Selling at Fulton Financial
In other news, Director E Philip Wenger sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, April 13th. The shares were sold at an average price of $21.42, for a total value of $107,100.00. Following the sale, the director directly owned 80,477 shares of the company’s stock, valued at approximately $1,723,817.34. The trade was a 5.85% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.01% of the stock is currently owned by corporate insiders.
Fulton Financial Price Performance
Fulton Financial (NASDAQ:FULT – Get Free Report) last issued its quarterly earnings data on Wednesday, April 22nd. The bank reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.05. The company had revenue of $331.86 million during the quarter, compared to analyst estimates of $359.36 million. Fulton Financial had a return on equity of 12.69% and a net margin of 20.85%.During the same period in the prior year, the business posted $0.52 earnings per share. On average, equities research analysts anticipate that Fulton Financial Corporation will post 2.18 EPS for the current fiscal year.
Fulton Financial Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st will be given a dividend of $0.19 per share. The ex-dividend date is Wednesday, July 1st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.1%. Fulton Financial’s dividend payout ratio (DPR) is currently 36.19%.
Analysts Set New Price Targets
Several brokerages recently commented on FULT. Weiss Ratings upgraded shares of Fulton Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 1st. Wall Street Zen lowered Fulton Financial from a “hold” rating to a “sell” rating in a research note on Sunday, May 3rd. Piper Sandler set a $23.00 price objective on Fulton Financial and gave the company a “neutral” rating in a research report on Friday, June 12th. Finally, Raymond James Financial increased their target price on Fulton Financial from $24.00 to $26.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 1st. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Fulton Financial has an average rating of “Hold” and an average target price of $23.50.
View Our Latest Stock Analysis on FULT
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
- AI Insider Activity: Are Sales Across 3 Key Stocks Noteworthy or Just Noise?
- 3 Quiet AI Revenue Accelerators With Sales Growth Outpacing Peers
- Top 135 Best Locally Owned BBQ Supply Stores in the U.S., According to Survey [2026]
- Silicon Starvation: Amazon Feasts on Legacy GPUs
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.
