Enhancing Capital LLC Invests $1.85 Million in Fulton Financial Co. (NASDAQ:FULT)

Enhancing Capital LLC bought a new position in shares of Fulton Financial Co. (NASDAQ:FULT) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 95,826 shares of the bank’s stock, valued at approximately $1,848,000. Fulton Financial makes up approximately 1.5% of Enhancing Capital LLC’s portfolio, making the stock its 23rd largest position. Enhancing Capital LLC owned 0.05% of Fulton Financial at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in FULT. Xponance Inc. increased its position in Fulton Financial by 9.5% during the fourth quarter. Xponance Inc. now owns 13,058 shares of the bank’s stock worth $252,000 after buying an additional 1,132 shares during the period. Intech Investment Management LLC increased its position in Fulton Financial by 101.1% during the fourth quarter. Intech Investment Management LLC now owns 84,618 shares of the bank’s stock worth $1,631,000 after buying an additional 42,533 shares during the period. Thrivent Financial for Lutherans increased its position in Fulton Financial by 22.4% during the fourth quarter. Thrivent Financial for Lutherans now owns 378,582 shares of the bank’s stock worth $7,299,000 after buying an additional 69,330 shares during the period. Kennondale Capital Management LLC acquired a new position in Fulton Financial during the fourth quarter worth approximately $558,000. Finally, Cibc World Markets Corp acquired a new position in Fulton Financial during the fourth quarter worth approximately $328,000. Institutional investors and hedge funds own 72.02% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In related news, President Angela M. Snyder sold 13,322 shares of Fulton Financial stock in a transaction on 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 of the company’s stock, valued at approximately $1,317,580.58. The trade was a 17.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 1.07% of the stock is currently owned by insiders.

Fulton Financial Stock Up 1.0 %

Fulton Financial stock opened at $18.21 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.90 and a quick ratio of 0.90. Fulton Financial Co. has a 1-year low of $13.87 and a 1-year high of $22.49. The company has a market cap of $3.32 billion, a PE ratio of 11.60 and a beta of 0.76. The stock’s 50 day moving average price is $19.80 and its 200 day moving average price is $19.46.

Fulton Financial (NASDAQ:FULT) last posted its quarterly earnings results on Tuesday, January 21st. The bank reported $0.48 earnings per share for the quarter, beating 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 period in the prior year, the firm earned $0.42 EPS. On average, sell-side analysts predict that Fulton Financial Co. will post 1.91 EPS for the current fiscal year.

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.