Fulton Financial (NASDAQ:FULT) Director Lisa Crutchfield Sells 4,100 Shares of Stock

Fulton Financial Corporation (NASDAQ:FULT) Director Lisa Crutchfield sold 4,100 shares of Fulton Financial stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $24.80, for a total value of $101,680.00. Following the completion of the sale, the director owned 7,838 shares of the company’s stock, valued at approximately $194,382.40. The trade was a 34.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Fulton Financial Stock Performance

Fulton Financial stock opened at $24.40 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.06. The company has a market cap of $4.66 billion, a PE ratio of 11.67 and a beta of 0.79. The company’s 50-day moving average is $23.69 and its two-hundred day moving average is $21.98. Fulton Financial Corporation has a 1 year low of $16.60 and a 1 year high of $25.23.

Fulton Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were given a dividend of $0.19 per share. The ex-dividend date was Wednesday, July 1st. This represents a $0.76 annualized dividend and a dividend yield of 3.1%. Fulton Financial’s payout ratio is presently 36.36%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Raymond James Financial upped their price objective on Fulton Financial from $24.00 to $26.00 and gave the company an “outperform” rating in a report on Wednesday, July 1st. Weiss Ratings restated a “buy (b)” rating on shares of Fulton Financial in a research report on Wednesday, July 29th. Wall Street Zen raised Fulton Financial from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. DA Davidson increased their price target on shares of Fulton Financial from $24.00 to $25.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. Finally, Piper Sandler reissued a “neutral” rating and set a $27.00 price objective (up from $23.00) on shares of Fulton Financial in a research note on Monday. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Fulton Financial currently has an average rating of “Hold” and a consensus price target of $24.75.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FULT. Royal Bank of Canada lifted its holdings in shares of Fulton Financial by 4.9% during the 1st quarter. Royal Bank of Canada now owns 220,706 shares of the bank’s stock valued at $3,992,000 after purchasing an additional 10,242 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Fulton Financial by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 108,096 shares of the bank’s stock worth $1,955,000 after buying an additional 4,727 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Fulton Financial by 5.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 448,832 shares of the bank’s stock worth $8,119,000 after buying an additional 21,596 shares during the period. Jane Street Group LLC lifted its stake in Fulton Financial by 914.9% in the first quarter. Jane Street Group LLC now owns 308,243 shares of the bank’s stock valued at $5,576,000 after buying an additional 277,871 shares in the last quarter. Finally, Strs Ohio bought a new position in Fulton Financial in the first quarter valued at approximately $152,000. 72.02% of the stock is owned by institutional investors and hedge funds.

Fulton Financial Company Profile

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.