New Age Alpha Advisors LLC Has $4.71 Million Stock Position in Fulton Financial Corporation $FULT

New Age Alpha Advisors LLC grew its holdings in shares of Fulton Financial Corporation (NASDAQ:FULT) by 17.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 243,868 shares of the bank’s stock after purchasing an additional 36,967 shares during the period. New Age Alpha Advisors LLC’s holdings in Fulton Financial were worth $4,714,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in FULT. V Square Quantitative Management LLC acquired a new position in shares of Fulton Financial during the 4th quarter worth approximately $28,000. Torren Management LLC acquired a new position in shares of Fulton Financial during the 4th quarter worth approximately $28,000. EverSource Wealth Advisors LLC grew its position in shares of Fulton Financial by 373.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,662 shares of the bank’s stock worth $30,000 after purchasing an additional 1,311 shares in the last quarter. State of Wyoming acquired a new position in shares of Fulton Financial during the 2nd quarter worth approximately $30,000. Finally, Parallel Advisors LLC grew its position in shares of Fulton Financial by 69.0% during the 3rd quarter. Parallel Advisors LLC now owns 1,903 shares of the bank’s stock worth $35,000 after purchasing an additional 777 shares in the last quarter. Institutional investors and hedge funds own 72.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on FULT shares. Raymond James Financial restated an “outperform” rating and set a $24.00 target price on shares of Fulton Financial in a research report on Monday, April 27th. Weiss Ratings upgraded shares of Fulton Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 1st. Wall Street Zen downgraded shares of Fulton Financial from a “hold” rating to a “sell” rating in a report on Sunday, May 3rd. Finally, DA Davidson started coverage on shares of Fulton Financial in a report on Wednesday, February 25th. They set a “neutral” rating and a $24.00 price target for the company. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $23.00.

Fulton Financial Price Performance

Shares of NASDAQ:FULT opened at $21.44 on Tuesday. The company has a market cap of $4.10 billion, a price-to-earnings ratio of 10.21 and a beta of 0.81. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.90 and a quick ratio of 0.90. The firm has a 50 day simple moving average of $20.95 and a 200 day simple moving average of $20.28. Fulton Financial Corporation has a one year low of $16.60 and a one year high of $22.99.

Fulton Financial (NASDAQ:FULT) last issued its quarterly earnings data on Wednesday, April 22nd. The bank reported $0.55 EPS for the quarter, beating the consensus estimate of $0.50 by $0.05. The business had revenue of $331.86 million during the quarter, compared to the consensus estimate of $359.36 million. Fulton Financial had a net margin of 20.85% and a return on equity of 12.69%. During the same quarter in the prior year, the firm earned $0.52 EPS. Research analysts predict that Fulton Financial Corporation will post 2.17 earnings per share for the current fiscal year.

Fulton Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Wednesday, April 1st were paid a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, April 1st. This represents a $0.76 annualized dividend and a yield of 3.5%. Fulton Financial’s dividend payout ratio is presently 36.19%.

Insider Buying and Selling

In related news, Director E Philip Wenger sold 5,000 shares of the stock in a transaction that occurred on Monday, April 13th. The shares were sold at an average price of $21.42, for a total value of $107,100.00. Following the completion of the transaction, the director owned 80,477 shares of the company’s stock, valued at $1,723,817.34. This represents a 5.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.01% of the stock is currently owned by insiders.

About Fulton Financial

Fulton Financial Corporation, trading on the NASDAQ under the ticker FULT, is the financial holding company for Fulton Bank, headquartered in Lancaster, Pennsylvania. The company delivers a broad range of banking and financial services through its subsidiary, Fulton Bank, targeting both individual and corporate clients. Fulton Financial’s offerings include deposit accounts, lending solutions, treasury management, and specialized banking services designed to support personal wealth goals and business growth initiatives.

Through Fulton Bank, the company provides retail banking services such as checking and savings accounts, consumer and residential mortgage loans, and home equity products.