TD Private Client Wealth LLC Has $118,000 Stock Position in Fulton Financial Co. (NASDAQ:FULT)

TD Private Client Wealth LLC grew its position in Fulton Financial Co. (NASDAQ:FULT) by 11.6% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 6,519 shares of the bank’s stock after buying an additional 676 shares during the period. TD Private Client Wealth LLC’s holdings in Fulton Financial were worth $118,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Seven Eight Capital LP acquired a new stake in shares of Fulton Financial in the 2nd quarter valued at $485,000. Segall Bryant & Hamill LLC acquired a new stake in shares of Fulton Financial in the 3rd quarter valued at $3,489,000. American Century Companies Inc. increased its stake in shares of Fulton Financial by 18.6% in the 2nd quarter. American Century Companies Inc. now owns 3,022,534 shares of the bank’s stock valued at $51,323,000 after buying an additional 474,099 shares during the period. BNP Paribas Financial Markets increased its stake in shares of Fulton Financial by 145.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 89,378 shares of the bank’s stock valued at $1,620,000 after buying an additional 52,997 shares during the period. Finally, Legato Capital Management LLC acquired a new stake in shares of Fulton Financial in the 2nd quarter valued at $1,003,000. 72.02% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FULT has been the subject of a number of analyst reports. Piper Sandler set a $21.00 price objective on Fulton Financial in a research note on Thursday, October 17th. StockNews.com cut Fulton Financial from a “hold” rating to a “sell” rating in a research note on Monday, November 11th. Keefe, Bruyette & Woods lifted their price objective on Fulton Financial from $20.00 to $23.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Finally, Stephens raised Fulton Financial from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $19.50.

Fulton Financial Trading Down 0.3 %

NASDAQ:FULT opened at $20.94 on Monday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.93 and a quick ratio of 0.93. The business’s 50-day simple moving average is $19.75 and its 200-day simple moving average is $18.43. Fulton Financial Co. has a fifty-two week low of $13.87 and a fifty-two week high of $22.49. The stock has a market capitalization of $3.81 billion, a PE ratio of 13.25 and a beta of 0.78.

Fulton Financial (NASDAQ:FULT) last announced its earnings results on Tuesday, October 15th. The bank reported $0.50 EPS for the quarter, topping the consensus estimate of $0.44 by $0.06. The firm had revenue of $487.33 million for the quarter, compared to the consensus estimate of $321.00 million. Fulton Financial had a net margin of 16.37% and a return on equity of 11.33%. During the same period last year, the company posted $0.43 EPS. Sell-side analysts expect that Fulton Financial Co. will post 1.74 earnings per share for the current fiscal year.

Fulton Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date of this dividend was Tuesday, October 1st. Fulton Financial’s payout ratio is presently 43.04%.

Insider Buying and Selling

In other news, CEO Curtis J. Myers sold 24,192 shares of the business’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $21.16, for a total value of $511,902.72. Following the sale, the chief executive officer now directly owns 155,946 shares in the company, valued at $3,299,817.36. The trade was a 13.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.07% of the company’s stock.

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.