35,288 Shares in Fulton Financial Co. (NASDAQ:FULT) Bought by Jump Financial LLC

Jump Financial LLC bought a new stake in Fulton Financial Co. (NASDAQ:FULT) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 35,288 shares of the bank’s stock, valued at approximately $680,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp increased its stake in shares of Fulton Financial by 193.4% in the 4th quarter. Jones Financial Companies Lllp now owns 1,294 shares of the bank’s stock valued at $25,000 after acquiring an additional 853 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its stake in Fulton Financial by 57.1% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 2,200 shares of the bank’s stock valued at $42,000 after purchasing an additional 800 shares in the last quarter. McClarren Financial Advisors Inc. acquired a new stake in Fulton Financial in the fourth quarter worth $44,000. Covestor Ltd boosted its position in shares of Fulton Financial by 196.9% during the fourth quarter. Covestor Ltd now owns 3,976 shares of the bank’s stock worth $76,000 after purchasing an additional 2,637 shares in the last quarter. Finally, Blue Trust Inc. increased its position in shares of Fulton Financial by 10.3% in the 4th 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. Institutional investors own 72.02% of the company’s stock.

Fulton Financial Stock Performance

Shares of FULT opened at $16.21 on Wednesday. The stock has a market capitalization of $2.95 billion, a price-to-earnings ratio of 10.32 and a beta of 0.68. Fulton Financial Co. has a 12 month low of $14.33 and a 12 month high of $22.49. The firm has a fifty day simple moving average of $17.80 and a 200 day simple moving average of $19.18. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.32.

Fulton Financial (NASDAQ:FULT) last posted its quarterly earnings data on Tuesday, April 15th. The bank reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.08. The company had revenue of $322.64 million during the quarter, compared to the consensus estimate of $315.07 million. Fulton Financial had a net margin of 15.87% and a return on equity of 11.41%. During the same period in the prior year, the business posted $0.40 EPS. Research analysts forecast that Fulton Financial Co. will post 1.91 EPS for the current fiscal year.

Fulton Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date was Tuesday, April 1st. Fulton Financial’s dividend payout ratio is currently 42.35%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on FULT shares. StockNews.com upgraded Fulton Financial from a “sell” rating to a “hold” rating in a report on Thursday, January 23rd. Hovde Group increased their target price on Fulton Financial from $22.00 to $22.50 and gave the stock a “market perform” rating in a research note on Monday, January 27th. Keefe, Bruyette & Woods cut their price target on shares of Fulton Financial from $24.00 to $21.00 and set a “market perform” rating on the stock in a research note on Thursday, April 17th. DA Davidson reissued a “neutral” rating and set a $20.00 price objective on shares of Fulton Financial in a research report on Wednesday, April 16th. Finally, Piper Sandler cut their price objective on shares of Fulton Financial from $22.00 to $20.00 and set a “neutral” rating on the stock in a research report on Thursday, April 17th. Six 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 company currently has an average rating of “Hold” and a consensus target price of $19.79.

Insider Activity

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 sale, the president now directly owns 63,682 shares of the company’s stock, valued at approximately $1,317,580.58. This represents a 17.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.07% of the stock is currently owned by insiders.

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.