Fulton Financial Corporation (NASDAQ:FULT) Shares Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC increased its holdings in Fulton Financial Corporation (NASDAQ:FULT) by 1.9% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 36,303 shares of the bank’s stock after buying an additional 684 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Fulton Financial were worth $657,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Fulton Financial by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 22,383,504 shares of the bank’s stock worth $431,554,000 after acquiring an additional 285,376 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its holdings in shares of Fulton Financial by 5.3% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 4,321,387 shares of the bank’s stock worth $83,316,000 after purchasing an additional 216,118 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Fulton Financial by 1.9% in the 4th quarter. Janus Henderson Group PLC now owns 2,517,149 shares of the bank’s stock worth $48,530,000 after purchasing an additional 47,338 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Fulton Financial by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,377,428 shares of the bank’s stock valued at $45,837,000 after purchasing an additional 19,329 shares during the period. Finally, Norges Bank bought a new position in Fulton Financial during the 4th quarter worth $38,010,000. Institutional investors own 72.02% of the company’s stock.

Fulton Financial Trading Up 1.1%

Shares of FULT stock opened at $19.10 on Friday. Fulton Financial Corporation has a 1 year low of $14.33 and a 1 year high of $22.49. The firm has a market capitalization of $3.47 billion, a PE ratio of 11.23 and a beta of 0.77. The stock has a fifty day moving average of $17.54 and a two-hundred day moving average of $18.37. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.92 and a current ratio of 0.92.

Fulton Financial (NASDAQ:FULT) last posted its quarterly earnings data on Tuesday, April 15th. The bank reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.08. The business had revenue of $322.64 million during the quarter, compared to the consensus estimate of $315.07 million. Fulton Financial had a net margin of 16.59% and a return on equity of 12.19%. During the same quarter in the prior year, the company posted $0.40 earnings per share. As a group, research analysts expect that Fulton Financial Corporation will post 1.91 EPS for the current year.

Fulton Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date of this dividend is Tuesday, July 1st. Fulton Financial’s dividend payout ratio is currently 42.35%.

Analyst Ratings Changes

A number of research firms have issued reports on FULT. Piper Sandler cut their target price on Fulton Financial from $22.00 to $20.00 and set a “neutral” rating on the stock in a research note on Thursday, April 17th. Keefe, Bruyette & Woods cut 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 report on Thursday, April 17th. Finally, DA Davidson reissued a “neutral” rating and set a $20.00 target price on shares of Fulton Financial in a research note on Wednesday, April 16th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Fulton Financial currently has a consensus rating of “Hold” and a consensus target price of $20.88.

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.