Angela M. Snyder Sells 13,322 Shares of Fulton Financial Co. (NASDAQ:FULT) Stock

Fulton Financial Co. (NASDAQ:FULT) President Angela M. Snyder sold 13,322 shares of the business’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $20.69, for a total transaction of $275,632.18. Following the completion of the sale, the president now directly owns 63,682 shares of the company’s stock, valued at $1,317,580.58. The trade was a 17.30 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Fulton Financial Trading Down 0.7 %

Fulton Financial stock opened at $20.44 on Wednesday. The firm has a 50 day simple moving average of $20.44 and a 200-day simple moving average of $19.22. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.90 and a quick ratio of 0.93. The stock has a market capitalization of $3.72 billion, a PE ratio of 13.02 and a beta of 0.79. Fulton Financial Co. has a 12-month low of $13.87 and a 12-month high of $22.49.

Fulton Financial (NASDAQ:FULT) last released its earnings results on Tuesday, January 21st. The bank reported $0.48 EPS for the quarter, beating 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 firm earned $0.42 earnings per share. As a group, equities research analysts expect that Fulton Financial Co. will post 1.79 EPS for the current fiscal year.

Fulton Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid 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 dividend payout ratio is currently 45.86%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on FULT. DA Davidson boosted their price objective on shares of Fulton Financial from $21.00 to $22.00 and gave the company a “neutral” rating in a research report on Friday, January 24th. Hovde Group boosted their price objective on shares of Fulton Financial from $22.00 to $22.50 and gave the company a “market perform” rating in a research report on Monday. Stephens raised shares of Fulton Financial from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 9th. Keefe, Bruyette & Woods boosted their price objective on shares of Fulton Financial from $23.00 to $24.00 and gave the company a “market perform” rating in a research report on Thursday, January 23rd. Finally, Piper Sandler set a $21.00 price objective on shares of Fulton Financial in a research report on Thursday, October 17th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $20.64.

Institutional Trading of Fulton Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in FULT. Quarry LP acquired a new stake in Fulton Financial during the third quarter valued at approximately $33,000. Coston McIsaac & Partners purchased a new stake in shares of Fulton Financial in the 3rd quarter valued at approximately $54,000. Blue Trust Inc. lifted its position in shares of Fulton Financial by 28.8% in the 3rd quarter. Blue Trust Inc. now owns 4,946 shares of the bank’s stock valued at $84,000 after acquiring an additional 1,106 shares in the last quarter. TD Private Client Wealth LLC lifted its position in shares of 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 acquiring an additional 676 shares in the last quarter. Finally, KBC Group NV lifted its position in shares of Fulton Financial by 69.3% in the 4th quarter. KBC Group NV now owns 8,517 shares of the bank’s stock valued at $164,000 after acquiring an additional 3,487 shares in the last quarter. 72.02% of the stock is owned by institutional investors and hedge funds.

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.