Fulton Financial Co. (NASDAQ:FULT) Stock Holdings Lifted by Coston McIsaac & Partners

Coston McIsaac & Partners grew its position in shares of Fulton Financial Co. (NASDAQ:FULT) by 231.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,887 shares of the bank’s stock after buying an additional 6,907 shares during the quarter. Coston McIsaac & Partners’ holdings in Fulton Financial were worth $190,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP acquired a new position in Fulton Financial during the third quarter worth $33,000. Blue Trust Inc. boosted its holdings in shares of Fulton Financial by 28.8% during the 3rd quarter. Blue Trust Inc. now owns 4,946 shares of the bank’s stock worth $84,000 after buying an additional 1,106 shares during the period. TD Private Client Wealth LLC grew its stake in Fulton Financial by 11.6% in the 3rd quarter. TD Private Client Wealth LLC now owns 6,519 shares of the bank’s stock valued at $118,000 after buying an additional 676 shares during the last quarter. KBC Group NV grew its position in shares of Fulton Financial by 69.3% in the fourth quarter. KBC Group NV now owns 8,517 shares of the bank’s stock valued at $164,000 after purchasing an additional 3,487 shares during the last quarter. Finally, MQS Management LLC bought a new position in shares of Fulton Financial in the third quarter worth about $189,000. Institutional investors own 72.02% of the company’s stock.

Fulton Financial Trading Up 0.2 %

NASDAQ FULT opened at $20.48 on Thursday. The company has a current ratio of 0.90, a quick ratio of 0.93 and a debt-to-equity ratio of 0.32. Fulton Financial Co. has a 12 month low of $13.87 and a 12 month high of $22.49. The company has a market capitalization of $3.73 billion, a PE ratio of 13.04 and a beta of 0.79. The stock has a 50-day simple moving average of $20.44 and a 200 day simple moving average of $19.23.

Fulton Financial (NASDAQ:FULT) last released 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 last year, the business posted $0.42 EPS. Research analysts forecast that Fulton Financial Co. will post 1.79 EPS for the current year.

Fulton Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.18 per share. The ex-dividend date was Tuesday, December 31st. This is a positive change from Fulton Financial’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a yield of 3.52%. Fulton Financial’s payout ratio is currently 45.86%.

Analysts Set New Price Targets

A number of analysts have issued reports on FULT shares. Keefe, Bruyette & Woods raised their target price on Fulton Financial from $23.00 to $24.00 and gave the company a “market perform” rating in a report on Thursday, January 23rd. Stephens upgraded shares of Fulton Financial from an “equal weight” rating to an “overweight” rating in a report on Monday, December 9th. Hovde Group increased their target price 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. Piper Sandler set a $21.00 price objective on Fulton Financial in a report on Thursday, October 17th. Finally, StockNews.com upgraded Fulton Financial from a “sell” rating to a “hold” rating in a research note on Thursday, January 23rd. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $20.64.

Insider Buying and Selling at Fulton Financial

In related news, CEO Curtis J. Myers sold 24,192 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $21.16, for a total transaction of $511,902.72. Following the completion of the sale, the chief executive officer now directly owns 155,946 shares of the company’s stock, valued at approximately $3,299,817.36. This represents a 13.43 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Angela M. Snyder sold 13,322 shares of Fulton Financial stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $20.69, for a total transaction of $275,632.18. Following the completion of the transaction, the president now directly owns 63,682 shares in the company, valued at approximately $1,317,580.58. The trade was a 17.30 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.07% of the company’s stock.

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.