Xponance Inc. Buys 1,132 Shares of Fulton Financial Co. (NASDAQ:FULT)

Xponance Inc. increased its stake in Fulton Financial Co. (NASDAQ:FULT) by 9.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,058 shares of the bank’s stock after buying an additional 1,132 shares during the quarter. Xponance Inc.’s holdings in Fulton Financial were worth $252,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp lifted its position in shares of Fulton Financial by 4.4% in the third quarter. State Street Corp now owns 10,544,159 shares of the bank’s stock valued at $191,166,000 after buying an additional 444,219 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Fulton Financial by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 4,371,223 shares of the bank’s stock valued at $79,264,000 after purchasing an additional 85,574 shares during the last quarter. Fisher Asset Management LLC boosted its position in Fulton Financial by 35.3% during the fourth quarter. Fisher Asset Management LLC now owns 2,582,036 shares of the bank’s stock worth $49,782,000 after purchasing an additional 673,559 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Fulton Financial by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,377,428 shares of the bank’s stock worth $45,837,000 after purchasing an additional 19,329 shares during the period. Finally, Principal Financial Group Inc. raised its position in shares of Fulton Financial by 4.4% in the fourth quarter. Principal Financial Group Inc. now owns 1,051,823 shares of the bank’s stock valued at $20,279,000 after purchasing an additional 44,237 shares during the period. 72.02% of the stock is owned by institutional investors.

Fulton Financial Stock Performance

NASDAQ:FULT opened at $17.97 on Friday. The company has a market cap of $3.27 billion, a price-to-earnings ratio of 11.45 and a beta of 0.76. Fulton Financial Co. has a fifty-two week low of $13.87 and a fifty-two week high of $22.49. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a fifty day moving average price of $19.50 and a 200-day moving average price of $19.42.

Fulton Financial (NASDAQ:FULT) last posted its quarterly earnings data on Tuesday, January 21st. The bank reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.06. Fulton Financial had a net margin of 15.87% and a return on equity of 11.41%. During the same quarter in the previous year, the business earned $0.42 earnings per share. As a group, equities analysts anticipate that Fulton Financial Co. will post 1.91 EPS for the current fiscal year.

Fulton Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be paid a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $0.72 dividend on an annualized basis and a yield of 4.01%. Fulton Financial’s dividend payout ratio (DPR) is 45.86%.

Insider Activity at Fulton Financial

In other Fulton Financial news, President Angela M. Snyder sold 13,322 shares of the firm’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $20.69, for a total value of $275,632.18. Following the sale, the president now owns 63,682 shares of the company’s stock, valued at approximately $1,317,580.58. This trade represents a 17.30 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.07% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages recently commented on FULT. Keefe, Bruyette & Woods upped their price target on shares of Fulton Financial from $23.00 to $24.00 and gave the company a “market perform” rating in a research note on Thursday, January 23rd. Stephens raised Fulton Financial from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 9th. Hovde Group increased their target price on Fulton Financial from $22.00 to $22.50 and gave the stock a “market perform” rating in a research note on Monday, January 27th. DA Davidson boosted their price target on Fulton Financial from $21.00 to $22.00 and gave the company a “neutral” rating in a research note on Friday, January 24th. Finally, StockNews.com upgraded Fulton Financial from a “sell” rating to a “hold” rating in a research report on Thursday, January 23rd. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Fulton Financial has a consensus rating of “Hold” and an average price target of $20.64.

Fulton Financial 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.