28,017 Shares in Fulton Financial Co. (NASDAQ:FULT) Acquired by Stillwater Capital Advisors LLC

Stillwater Capital Advisors LLC purchased a new stake in Fulton Financial Co. (NASDAQ:FULT) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 28,017 shares of the bank’s stock, valued at approximately $540,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Millennium Management LLC grew its stake in shares of Fulton Financial by 511.1% in the 2nd quarter. Millennium Management LLC now owns 3,256,000 shares of the bank’s stock valued at $55,287,000 after buying an additional 2,723,170 shares during the period. Emerald Advisers LLC grew its stake in Fulton Financial by 213.6% in the third quarter. Emerald Advisers LLC now owns 1,307,559 shares of the bank’s stock valued at $23,706,000 after acquiring an additional 890,630 shares during the period. Emerald Mutual Fund Advisers Trust increased its holdings in shares of Fulton Financial by 272.2% during the third quarter. Emerald Mutual Fund Advisers Trust now owns 861,691 shares of the bank’s stock valued at $15,622,000 after acquiring an additional 630,152 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Fulton Financial by 710.0% during the second quarter. The Manufacturers Life Insurance Company now owns 699,652 shares of the bank’s stock worth $11,880,000 after purchasing an additional 613,272 shares during the period. Finally, State Street Corp lifted its holdings in shares of Fulton Financial by 4.4% in the 3rd quarter. State Street Corp now owns 10,544,159 shares of the bank’s stock worth $191,166,000 after purchasing an additional 444,219 shares in the last quarter. 72.02% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Fulton Financial Trading Up 1.8 %

NASDAQ:FULT opened at $20.86 on Friday. Fulton Financial Co. has a 52 week low of $13.87 and a 52 week high of $22.49. The firm has a 50-day moving average price of $20.50 and a two-hundred day moving average price of $19.01. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a market cap of $3.80 billion, a price-to-earnings ratio of 13.20 and a beta of 0.79.

Fulton Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.18 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.72 annualized dividend and a dividend yield of 3.45%. This is a positive change from Fulton Financial’s previous quarterly dividend of $0.17. Fulton Financial’s dividend payout ratio (DPR) is presently 45.57%.

Insider Buying and Selling

In related 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 approximately $3,299,817.36. The trade was a 13.43 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.07% of the stock is currently owned by insiders.

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.