Fulton Financial Corporation $FULT Shares Sold by Emerald Advisers LLC

Emerald Advisers LLC trimmed its holdings in Fulton Financial Corporation (NASDAQ:FULT) by 99.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,182 shares of the bank’s stock after selling 426,965 shares during the quarter. Emerald Advisers LLC’s holdings in Fulton Financial were worth $75,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC lifted its position in Fulton Financial by 1.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 36,303 shares of the bank’s stock worth $657,000 after buying an additional 684 shares in the last quarter. Silver Oak Securities Incorporated acquired a new stake in shares of Fulton Financial in the 1st quarter worth $333,000. New York State Teachers Retirement System increased its stake in shares of Fulton Financial by 1.3% in the 1st quarter. New York State Teachers Retirement System now owns 240,935 shares of the bank’s stock worth $4,359,000 after acquiring an additional 2,985 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Fulton Financial by 2.9% during the 1st quarter. Principal Financial Group Inc. now owns 1,082,623 shares of the bank’s stock worth $19,585,000 after acquiring an additional 30,800 shares during the period. Finally, Teacher Retirement System of Texas acquired a new position in shares of Fulton Financial during the 1st quarter valued at about $555,000. 72.02% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Fulton Financial news, Director E Philip Wenger sold 5,000 shares of the company’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $19.28, for a total value of $96,400.00. Following the transaction, the director owned 90,477 shares of the company’s stock, valued at $1,744,396.56. This represents a 5.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.08% of the stock is owned by insiders.

Fulton Financial Trading Down 2.6%

NASDAQ FULT opened at $17.51 on Thursday. The firm’s 50-day moving average is $18.69 and its two-hundred day moving average is $18.12. Fulton Financial Corporation has a 12 month low of $14.32 and a 12 month high of $22.49. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.89 and a quick ratio of 0.89. The stock has a market capitalization of $3.19 billion, a P/E ratio of 9.17 and a beta of 0.82.

Fulton Financial (NASDAQ:FULT) last posted its earnings results on Tuesday, November 8th. The bank reported $0.45 EPS for the quarter. Fulton Financial had a net margin of 19.01% and a return on equity of 12.55%. The company had revenue of $236.96 million for the quarter. On average, sell-side analysts anticipate that Fulton Financial Corporation will post 1.91 earnings per share for the current year.

Fulton Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st were given a $0.18 dividend. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a $0.72 dividend on an annualized basis and a yield of 4.1%. Fulton Financial’s dividend payout ratio is presently 37.70%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on FULT shares. Jefferies Financial Group restated a “hold” rating on shares of Fulton Financial in a research report on Wednesday, July 9th. Weiss Ratings downgraded shares of Fulton Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday, October 25th. Zacks Research downgraded shares of Fulton Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. Piper Sandler reaffirmed a “neutral” rating on shares of Fulton Financial in a research note on Wednesday, July 9th. Finally, Raymond James Financial raised shares of Fulton Financial from a “market perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a research note on Tuesday, October 7th. Two analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $20.70.

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.