2 weeks Ago By Defense World Staff
Bank of Montreal Can increased its holdings in Fulton Financial Co. ( NASDAQ:FULT – Free Report ) by 10.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission.
The institutional investor owned 21,013 shares of the bank’s stock after acquiring an additional 2,047 shares during the period. Bank of Montreal Can’s holdings in Fulton Financial were worth $405,000 at the end of the most recent reporting period. A number of other institutional investors also recently modified their holdings of FULT.
Jones Financial Companies Lllp lifted its holdings in Fulton Financial by 193.4% in the 4th quarter. Jones Financial Companies Lllp now owns 1,294 shares of the bank’s stock worth $25,000 after purchasing an additional 853 shares during the last quarter.
Nomura Asset Management Co. Ltd. boosted its holdings in Fulton Financial by 57.
1% during the fourth quarter. Nomura Asset Management Co. Ltd.
now owns 2,200 shares of the bank’s stock valued at $42,000 after purchasing an additional 800 shares in the last quarter. McClarren Financial Advisors Inc. bought a new stake in shares of Fulton Financial in the 4th quarter worth about $44,000.
Blue Trust Inc. grew its position in Fulton Financial by 10.3% during the 4th quarter.
Blue Trust Inc. now owns 5,455 shares of the bank’s stock worth $99,000 after acquiring an additional 509 shares during the last quarter. Finally, AlphaQuest LLC increased its position in Fulton Financial by 16,041.
2% in the 4th quarter. AlphaQuest LLC now owns 5,488 shares of the bank’s stock valued at $106,000 after acquiring an additional 5,454 shares in the last quarter. Institutional investors and hedge funds own 72.
02% of the company’s stock. Analyst Upgrades and Downgrades FULT has been the topic of several recent research reports. StockNews.
com raised shares of Fulton Financial from a “sell” rating to a “hold” rating in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods reduced their target price on shares of Fulton Financial from $24.00 to $21.
00 and set a “market perform” rating for the company in a report on Thursday, April 17th. DA Davidson restated a “neutral” rating and set a $20.00 price objective on shares of Fulton Financial in a research note on Wednesday, April 16th.
Hovde Group upped their price target on shares of Fulton Financial from $22.00 to $22.50 and gave the company a “market perform” rating in a research note on Monday, January 27th.
Finally, Piper Sandler lowered their price target on shares of Fulton Financial from $22.00 to $20.00 and set a “neutral” rating on the stock in a research report on Thursday, April 17th.
Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $19.
79. Insider Activity at Fulton Financial In related news, President Angela M. Snyder sold 13,322 shares of Fulton Financial stock in a transaction on Monday, January 27th.
The stock was sold at an average price of $20.69, for a total transaction of $275,632.18.
Following the sale, the president now directly owns 63,682 shares in the company, valued at approximately $1,317,580.58. This trade represents a 17.
30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link . 1.
07% of the stock is currently owned by insiders. Fulton Financial Price Performance Shares of NASDAQ:FULT opened at $16.21 on Wednesday.
The company has a debt-to-equity ratio of 0.32, a current ratio of 0.90 and a quick ratio of 0.
90. Fulton Financial Co. has a one year low of $14.
33 and a one year high of $22.49. The company has a market cap of $2.
95 billion, a price-to-earnings ratio of 10.32 and a beta of 0.68.
The firm has a 50 day simple moving average of $17.80 and a 200 day simple moving average of $19.18.
Fulton Financial ( NASDAQ:FULT – Get Free Report ) last announced its earnings results on Tuesday, April 15th. The bank reported $0.52 EPS for the quarter, topping the consensus estimate of $0.
44 by $0.08. The firm had revenue of $322.
64 million for the quarter, compared to the consensus estimate 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 business earned $0.
40 EPS. Research analysts predict that Fulton Financial Co. will post 1.
91 earnings per share for the current fiscal year. Fulton Financial Dividend Announcement The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st were paid a $0.
18 dividend. The ex-dividend date was Tuesday, April 1st. This represents a $0.
72 annualized dividend and a dividend yield of 4.44%. Fulton Financial’s dividend payout ratio is presently 42.
35%. About Fulton Financial ( Free Report ) 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.
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