10,636 Shares in Fulton Financial Co. (NASDAQ:FULT) Bought by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC bought a new stake in Fulton Financial Co. (NASDAQ:FULT) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 10,636 shares of the bank’s stock, valued at approximately $205,000.

Other large investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp increased its stake in shares of Fulton Financial by 193.4% in the fourth quarter. Jones Financial Companies Lllp now owns 1,294 shares of the bank’s stock valued at $25,000 after buying an additional 853 shares during the period. Nomura Asset Management Co. Ltd. grew its holdings in Fulton Financial by 57.1% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 2,200 shares of the bank’s stock worth $42,000 after acquiring an additional 800 shares during the last quarter. McClarren Financial Advisors Inc. acquired a new position in Fulton Financial in the 4th quarter valued at approximately $44,000. Covestor Ltd increased its position in Fulton Financial by 196.9% in the 4th quarter. Covestor Ltd now owns 3,976 shares of the bank’s stock valued at $76,000 after acquiring an additional 2,637 shares during the period. Finally, Blue Trust Inc. raised its stake in shares of Fulton Financial by 10.3% during the fourth quarter. Blue Trust Inc. now owns 5,455 shares of the bank’s stock valued at $99,000 after acquiring an additional 509 shares during the last quarter. 72.02% of the stock is currently owned by institutional investors.

Fulton Financial Stock Up 1.0%

Shares of NASDAQ:FULT opened at $18.40 on Wednesday. Fulton Financial Co. has a 1 year low of $14.33 and a 1 year high of $22.49. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.90 and a quick ratio of 0.90. The business’s 50-day moving average is $17.03 and its 200-day moving average is $19.11. The company has a market capitalization of $3.35 billion, a price-to-earnings ratio of 11.72 and a beta of 0.76.

Fulton Financial (NASDAQ:FULT) last issued its quarterly earnings results on Tuesday, April 15th. The bank reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.08. The firm had revenue of $322.64 million for the quarter, compared to analyst estimates of $315.07 million. Fulton Financial had a return on equity of 11.41% and a net margin of 15.87%. During the same period in the previous year, the firm earned $0.40 earnings per share. Equities research analysts predict that Fulton Financial Co. will post 1.91 earnings per share for the current year.

Fulton Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st were issued a dividend of $0.18 per share. The ex-dividend date was Tuesday, April 1st. This represents a $0.72 annualized dividend and a dividend yield of 3.91%. Fulton Financial’s dividend payout ratio is currently 42.35%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on FULT. Keefe, Bruyette & Woods reduced their price objective on shares of Fulton Financial from $24.00 to $21.00 and set a “market perform” rating on the stock in a research note on Thursday, April 17th. DA Davidson reissued a “neutral” rating and issued a $20.00 price target on shares of Fulton Financial in a research note on Wednesday, April 16th. Hovde Group raised their price objective on Fulton Financial from $22.00 to $22.50 and gave the stock a “market perform” rating in a research report on Monday, January 27th. StockNews.com upgraded Fulton Financial from a “sell” rating to a “hold” rating in a report on Thursday, January 23rd. Finally, Piper Sandler lowered their price target on shares of Fulton Financial from $22.00 to $20.00 and set a “neutral” rating for the company in a report on Thursday, April 17th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $20.30.

About Fulton Financial

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.