Fulton Financial Co. (NASDAQ:FULT) Shares Sold by Inceptionr LLC

Inceptionr LLC cut its stake in shares of Fulton Financial Co. (NASDAQ:FULT) by 39.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,019 shares of the bank’s stock after selling 9,822 shares during the quarter. Inceptionr LLC’s holdings in Fulton Financial were worth $290,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Jones Financial Companies Lllp grew its holdings in Fulton Financial by 193.4% during the 4th quarter. Jones Financial Companies Lllp now owns 1,294 shares of the bank’s stock worth $25,000 after acquiring an additional 853 shares in the last quarter. Quarry LP acquired a new position in shares of Fulton Financial during the third quarter worth $33,000. McClarren Financial Advisors Inc. purchased a new position in Fulton Financial in the fourth quarter valued at $44,000. Blue Trust Inc. raised its stake in Fulton Financial by 10.3% in the fourth quarter. Blue Trust Inc. now owns 5,455 shares of the bank’s stock valued at $99,000 after buying an additional 509 shares in the last quarter. Finally, TD Private Client Wealth LLC boosted its position in shares of Fulton Financial by 11.6% during the 3rd quarter. TD Private Client Wealth LLC now owns 6,519 shares of the bank’s stock worth $118,000 after acquiring an additional 676 shares in the last quarter. 72.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on FULT. DA Davidson upped their price target on Fulton Financial from $21.00 to $22.00 and gave the company a “neutral” rating in a report on Friday, January 24th. Stephens upgraded shares of Fulton Financial from an “equal weight” rating to an “overweight” rating in a report on Monday, December 9th. 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. Hovde Group boosted their price target 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, January 27th. Finally, StockNews.com raised Fulton Financial from a “sell” rating to a “hold” rating in a report on Thursday, January 23rd. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $20.64.

Insider Buying and Selling

In other Fulton Financial news, President Angela M. Snyder sold 13,322 shares of the company’s stock in a transaction 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 owns 63,682 shares in the company, valued at approximately $1,317,580.58. This represents a 17.30 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.07% of the company’s stock.

Fulton Financial Trading Down 0.3 %

Shares of Fulton Financial stock opened at $18.40 on Monday. The company’s fifty day moving average is $20.00 and its two-hundred day moving average is $19.51. Fulton Financial Co. has a 1 year low of $13.87 and a 1 year high of $22.49. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market capitalization of $3.35 billion, a P/E ratio of 11.72 and a beta of 0.76.

Fulton Financial (NASDAQ:FULT) last released its quarterly earnings results on Tuesday, January 21st. The bank reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 last year, the company earned $0.42 EPS. Analysts forecast that Fulton Financial Co. will post 1.91 earnings per share for the current year.

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. This represents a $0.72 annualized dividend and a dividend yield of 3.91%. The ex-dividend date was Tuesday, December 31st. This is a boost from Fulton Financial’s previous quarterly dividend of $0.17. Fulton Financial’s dividend payout ratio is 45.86%.

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.