14,520 Shares in Fulton Financial Co. (NASDAQ:FULT) Bought by Everence Capital Management Inc.

Everence Capital Management Inc. acquired a new position in shares of Fulton Financial Co. (NASDAQ:FULT) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 14,520 shares of the bank’s stock, valued at approximately $239,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Morton Brown Family Wealth LLC bought a new position in Fulton Financial during the 4th quarter worth $26,000. Blue Trust Inc. grew its stake in Fulton Financial by 82.8% during the 4th quarter. Blue Trust Inc. now owns 1,724 shares of the bank’s stock worth $28,000 after buying an additional 781 shares during the last quarter. Strs Ohio acquired a new position in Fulton Financial during the 4th quarter worth $29,000. Lazard Asset Management LLC boosted its position in Fulton Financial by 1,554.1% during the 1st quarter. Lazard Asset Management LLC now owns 2,200 shares of the bank’s stock worth $36,000 after acquiring an additional 2,067 shares during the period. Finally, First Command Advisory Services Inc. acquired a new position in Fulton Financial during the 3rd quarter worth $38,000. 72.02% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

FULT has been the subject of a number of analyst reports. Keefe, Bruyette & Woods boosted their price target on Fulton Financial from $16.00 to $17.00 and gave the stock a “market perform” rating in a research report on Thursday, January 18th. Jefferies Financial Group reduced their price target on Fulton Financial from $17.00 to $16.00 and set a “hold” rating for the company in a research report on Monday, April 8th. StockNews.com upgraded Fulton Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, March 13th. Finally, Stephens reduced their price target on Fulton Financial from $16.00 to $15.50 and set an “equal weight” rating for the company in a research report on Thursday. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, Fulton Financial currently has a consensus rating of “Hold” and a consensus target price of $15.30.

Fulton Financial Trading Down 0.4 %

Shares of Fulton Financial stock opened at $14.43 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.90 and a debt-to-equity ratio of 0.43. The firm has a market cap of $2.34 billion, a price-to-earnings ratio of 8.96 and a beta of 0.81. The business has a fifty day simple moving average of $15.31 and a 200-day simple moving average of $14.88. Fulton Financial Co. has a fifty-two week low of $9.64 and a fifty-two week high of $17.06.

Fulton Financial (NASDAQ:FULT) last announced its quarterly earnings data on Wednesday, January 17th. The bank reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.02. Fulton Financial had a return on equity of 11.50% and a net margin of 18.31%. The business had revenue of $271.38 million during the quarter, compared to analyst estimates of $268.70 million. During the same quarter in the prior year, the firm posted $0.48 earnings per share. The company’s revenue was down 3.2% on a year-over-year basis. On average, equities analysts forecast that Fulton Financial Co. will post 1.53 EPS for the current fiscal year.

Fulton Financial Announces Dividend

The business also recently announced 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 4.71%. The ex-dividend date of this dividend was Thursday, March 28th. Fulton Financial’s dividend payout ratio is 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.