Fulton Financial Co. (NASDAQ:FULT) Shares Sold by Watershed Asset Management L.L.C.

Watershed Asset Management L.L.C. lessened its position in shares of Fulton Financial Co. (NASDAQ:FULT) by 10.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,874 shares of the bank’s stock after selling 2,035 shares during the quarter. Watershed Asset Management L.L.C.’s holdings in Fulton Financial were worth $294,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Morton Brown Family Wealth LLC acquired a new stake in Fulton Financial during the fourth quarter valued at $26,000. Blue Trust Inc. grew its position in Fulton Financial by 82.8% during the fourth quarter. Blue Trust Inc. now owns 1,724 shares of the bank’s stock valued at $28,000 after buying an additional 781 shares during the period. Strs Ohio acquired a new stake in Fulton Financial during the fourth quarter valued at $29,000. First Command Advisory Services Inc. acquired a new stake in Fulton Financial during the third quarter valued at $38,000. Finally, Blue Bell Private Wealth Management LLC grew its position in Fulton Financial by 81.0% during the third quarter. Blue Bell Private Wealth Management LLC now owns 4,881 shares of the bank’s stock valued at $59,000 after buying an additional 2,184 shares during the period. Institutional investors and hedge funds own 72.02% of the company’s stock.

Fulton Financial Trading Up 0.9 %

FULT stock traded up $0.13 during trading on Tuesday, reaching $15.34. 1,166,899 shares of the stock were exchanged, compared to its average volume of 1,118,789. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.43. The business has a 50 day moving average price of $15.31 and a 200-day moving average price of $14.98. Fulton Financial Co. has a 1 year low of $9.64 and a 1 year high of $17.06. The firm has a market capitalization of $2.49 billion, a price-to-earnings ratio of 9.53 and a beta of 0.81.

Fulton Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 1st were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 4.43%. The ex-dividend date of this dividend was Thursday, March 28th. Fulton Financial’s dividend payout ratio (DPR) is presently 42.24%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on FULT shares. Stephens decreased their price objective on shares of Fulton Financial from $16.00 to $15.50 and set an “equal weight” rating on the stock in a report on Thursday, April 18th. Jefferies Financial Group decreased their price objective on shares of Fulton Financial from $17.00 to $16.00 and set a “hold” rating on the stock in a report on Monday, April 8th. Keefe, Bruyette & Woods increased their price objective on shares of Fulton Financial from $16.00 to $17.00 and gave the company a “market perform” rating in a report on Thursday, January 18th. Finally, StockNews.com raised shares of Fulton Financial from a “sell” rating to a “hold” rating in a report on Wednesday, March 13th. Four investment analysts have rated the stock with a hold rating, According to MarketBeat.com, Fulton Financial currently has a consensus rating of “Hold” and a consensus target price of $16.17.

Fulton Financial 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.