Dean Capital Management Has $1.52 Million Position in Fulton Financial Corporation $FULT

Dean Capital Management grew its stake in Fulton Financial Corporation (NASDAQ:FULT) by 121.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 81,416 shares of the bank’s stock after purchasing an additional 44,665 shares during the quarter. Dean Capital Management’s holdings in Fulton Financial were worth $1,517,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of FULT. Royal Bank of Canada grew its stake in Fulton Financial by 4.9% in the 1st quarter. Royal Bank of Canada now owns 220,706 shares of the bank’s stock valued at $3,992,000 after buying an additional 10,242 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Fulton Financial by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 108,096 shares of the bank’s stock worth $1,955,000 after acquiring an additional 4,727 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Fulton Financial by 5.1% during the first 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 acquiring an additional 21,596 shares during the period. Jane Street Group LLC boosted its holdings in shares of Fulton Financial by 914.9% during the first quarter. Jane Street Group LLC now owns 308,243 shares of the bank’s stock worth $5,576,000 after acquiring an additional 277,871 shares during the period. Finally, Strs Ohio acquired a new position in shares of Fulton Financial in the first quarter valued at approximately $152,000. Institutional investors own 72.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on FULT shares. Weiss Ratings upgraded Fulton Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 27th. DA Davidson assumed coverage on Fulton Financial in a research note on Wednesday, February 25th. They issued a “neutral” rating and a $24.00 price target for the company. Finally, Keefe, Bruyette & Woods upped their price objective on Fulton Financial from $20.00 to $21.00 and gave the company a “market perform” rating in a report on Wednesday, November 26th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $21.50.

Insiders Place Their Bets

In other news, Director E Philip Wenger sold 5,000 shares of the company’s stock in a transaction on Monday, January 12th. The stock was sold at an average price of $19.55, for a total transaction of $97,750.00. Following the completion of the sale, the director directly owned 85,477 shares in the company, valued at approximately $1,671,075.35. This represents a 5.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.07% of the stock is owned by corporate insiders.

Fulton Financial Stock Performance

Shares of NASDAQ:FULT opened at $19.65 on Monday. Fulton Financial Corporation has a 12-month low of $14.32 and a 12-month high of $22.99. The company’s 50 day moving average price is $20.84 and its two-hundred day moving average price is $19.42. The firm has a market cap of $3.54 billion, a PE ratio of 9.45 and a beta of 0.85. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.08.

Fulton Financial (NASDAQ:FULT) last released its quarterly earnings results on Wednesday, January 21st. The bank reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.03. The company had revenue of $336.02 million during the quarter, compared to the consensus estimate of $336.80 million. Fulton Financial had a net margin of 20.68% and a return on equity of 12.78%. During the same period in the previous year, the business earned $0.48 earnings per share. Equities research analysts predict that Fulton Financial Corporation will post 1.91 earnings per share for the current year.

Fulton Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were issued a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $0.76 annualized dividend and a yield of 3.9%. This is a boost from Fulton Financial’s previous quarterly dividend of $0.18. Fulton Financial’s payout ratio is presently 36.54%.

Fulton Financial declared that its board has approved a share buyback plan on Tuesday, December 16th that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the bank to buy up to 4.2% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Fulton Financial 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.