Emerald Advisers LLC Has $22.58 Million Stock Position in Fulton Financial Co. (NASDAQ:FULT)

Emerald Advisers LLC decreased its stake in Fulton Financial Co. (NASDAQ:FULT) by 10.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,170,920 shares of the bank’s stock after selling 136,639 shares during the period. Emerald Advisers LLC owned approximately 0.64% of Fulton Financial worth $22,575,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of FULT. Vanguard Group Inc. boosted its stake in Fulton Financial by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 22,383,504 shares of the bank’s stock worth $431,554,000 after buying an additional 285,376 shares in the last quarter. State Street Corp boosted its stake in Fulton Financial by 4.4% during the third quarter. State Street Corp now owns 10,544,159 shares of the bank’s stock worth $191,166,000 after buying an additional 444,219 shares in the last quarter. Geode Capital Management LLC boosted its stake in Fulton Financial by 2.0% during the third quarter. Geode Capital Management LLC now owns 4,371,223 shares of the bank’s stock worth $79,264,000 after buying an additional 85,574 shares in the last quarter. Fisher Asset Management LLC boosted its stake in Fulton Financial by 35.3% during the fourth quarter. Fisher Asset Management LLC now owns 2,582,036 shares of the bank’s stock worth $49,782,000 after buying an additional 673,559 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Fulton Financial by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,377,428 shares of the bank’s stock worth $45,837,000 after buying an additional 19,329 shares in the last quarter. Institutional investors and hedge funds own 72.02% of the company’s stock.

Fulton Financial Stock Performance

Shares of NASDAQ:FULT opened at $18.02 on Friday. The stock has a market capitalization of $3.28 billion, a P/E ratio of 11.48 and a beta of 0.76. Fulton Financial Co. has a 1-year low of $13.87 and a 1-year high of $22.49. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.32. The business has a 50-day moving average price of $19.71 and a two-hundred day moving average price of $19.43.

Fulton Financial (NASDAQ:FULT) last announced 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 return on equity of 11.41% and a net margin of 15.87%. During the same quarter in the previous year, the company posted $0.42 earnings per share. Equities analysts predict that Fulton Financial Co. will post 1.91 earnings per share for the current year.

Fulton Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $0.72 annualized dividend and a dividend yield of 4.00%. Fulton Financial’s payout ratio is currently 45.86%.

Insider Transactions at Fulton Financial

In other news, 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on FULT. Keefe, Bruyette & Woods lifted their price target on shares of Fulton Financial from $23.00 to $24.00 and gave the stock a “market perform” rating in a research note on Thursday, January 23rd. Stephens raised Fulton Financial from an “equal weight” rating to an “overweight” rating in a report on Monday, December 9th. StockNews.com raised Fulton Financial from a “sell” rating to a “hold” rating in a report on Thursday, January 23rd. DA Davidson lifted their price objective on Fulton Financial from $21.00 to $22.00 and gave the company a “neutral” rating in a report on Friday, January 24th. Finally, Hovde Group lifted their price objective on Fulton Financial from $22.00 to $22.50 and gave the company a “market perform” rating in a report on Monday, January 27th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $20.64.

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.