Fulton Financial Co. (NASDAQ:FULT) Shares Sold by Hazlett Burt & Watson Inc.

Hazlett Burt & Watson Inc. lessened its stake in Fulton Financial Co. (NASDAQ:FULT) by 5.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 34,418 shares of the bank’s stock after selling 2,095 shares during the quarter. Hazlett Burt & Watson Inc.’s holdings in Fulton Financial were worth $623,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Family Firm Inc. acquired a new stake in shares of Fulton Financial in the 2nd quarter valued at $46,000. Coston McIsaac & Partners purchased a new stake in Fulton Financial during the 3rd quarter worth about $54,000. Blue Trust Inc. boosted its position in shares of Fulton Financial by 21.9% during the 2nd quarter. Blue Trust Inc. now owns 3,840 shares of the bank’s stock worth $61,000 after acquiring an additional 691 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of Fulton Financial in the 1st quarter valued at about $66,000. Finally, AE Wealth Management LLC acquired a new stake in shares of Fulton Financial during the 2nd quarter worth about $172,000. 72.02% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on FULT shares. Piper Sandler set a $21.00 price objective on shares of Fulton Financial in a report on Thursday, October 17th. StockNews.com raised Fulton Financial from a “sell” rating to a “hold” rating in a report on Thursday, July 18th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $18.83.

Fulton Financial Stock Performance

Shares of Fulton Financial stock traded down $0.21 during trading hours on Monday, hitting $17.85. 192,786 shares of the company were exchanged, compared to its average volume of 1,457,776. The business has a 50-day moving average of $18.10 and a 200-day moving average of $17.49. Fulton Financial Co. has a 1 year low of $13.19 and a 1 year high of $20.33. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $3.25 billion, a price-to-earnings ratio of 11.43 and a beta of 0.73.

Fulton Financial (NASDAQ:FULT) last issued its quarterly earnings results on Tuesday, October 15th. The bank reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.06. The business had revenue of $487.33 million for the quarter, compared to analyst estimates of $321.00 million. Fulton Financial had a net margin of 16.37% and a return on equity of 11.14%. During the same period in the previous year, the business posted $0.43 earnings per share. As a group, analysts expect that Fulton Financial Co. will post 1.75 EPS for the current fiscal year.

Fulton Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date was Tuesday, October 1st. Fulton Financial’s dividend payout ratio is presently 43.04%.

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.