Zeke Capital Advisors LLC bought a new stake in shares of Fulton Financial Co. (NASDAQ:FULT) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 10,657 shares of the bank’s stock, valued at approximately $191,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. BlackRock Inc. raised its position in Fulton Financial by 2.2% during the 4th quarter. BlackRock Inc. now owns 18,973,800 shares of the bank’s stock valued at $339,632,000 after purchasing an additional 415,507 shares in the last quarter. Fulton Bank N.A. increased its holdings in shares of Fulton Financial by 0.3% in the 4th quarter. Fulton Bank N.A. now owns 1,862,155 shares of the bank’s stock valued at $33,333,000 after acquiring an additional 6,000 shares during the period. Dalton Greiner Hartman Maher & Co. increased its holdings in shares of Fulton Financial by 3.4% in the 4th quarter. Dalton Greiner Hartman Maher & Co. now owns 1,209,098 shares of the bank’s stock valued at $21,643,000 after acquiring an additional 40,242 shares during the period. Citadel Advisors LLC increased its holdings in shares of Fulton Financial by 67.2% in the 3rd quarter. Citadel Advisors LLC now owns 1,198,412 shares of the bank’s stock valued at $22,471,000 after acquiring an additional 481,665 shares during the period. Finally, Foundry Partners LLC increased its holdings in shares of Fulton Financial by 2.9% in the 4th quarter. Foundry Partners LLC now owns 1,192,149 shares of the bank’s stock valued at $21,339,000 after acquiring an additional 34,013 shares during the period. 63.37% of the stock is owned by institutional investors and hedge funds.

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Fulton Financial Co. (FULT) opened at $18.10 on Friday. Fulton Financial Co. has a fifty-two week low of $16.45 and a fifty-two week high of $19.90. The stock has a market capitalization of $3,312.96, a price-to-earnings ratio of 18.47 and a beta of 1.02. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.98 and a quick ratio of 0.98.

Fulton Financial (NASDAQ:FULT) last announced its quarterly earnings results on Monday, January 22nd. The bank reported $0.28 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.28. Fulton Financial had a return on equity of 8.51% and a net margin of 19.59%. The business had revenue of $206.37 million for the quarter, compared to the consensus estimate of $201.30 million. During the same period last year, the business posted $0.24 EPS. The business’s revenue was up 11.6% compared to the same quarter last year. sell-side analysts anticipate that Fulton Financial Co. will post 1.25 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Monday, April 2nd will be issued a $0.12 dividend. The ex-dividend date is Thursday, March 29th. This is an increase from Fulton Financial’s previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.65%. Fulton Financial’s dividend payout ratio (DPR) is currently 44.90%.

A number of research analysts have recently issued reports on FULT shares. Barclays lifted their price target on Fulton Financial from $18.00 to $19.00 and gave the company an “underweight” rating in a report on Tuesday, January 2nd. BidaskClub downgraded Fulton Financial from a “hold” rating to a “sell” rating in a report on Saturday, December 9th. Finally, Zacks Investment Research downgraded Fulton Financial from a “buy” rating to a “hold” rating in a report on Tuesday, February 13th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $18.80.

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Fulton Financial Company Profile

Fulton Financial Corporation operates as a multi-bank financial holding company that provides banking and financial services to businesses and consumers. It accepts various checking accounts and savings deposit products, certificates of deposit, and individual retirement accounts. The company also offers consumer loans, including home equity loans and lines of credit, automobile loans, automobile and equipment leases, personal lines of credit, and checking account overdraft protection; construction and jumbo residential mortgage loans; and commercial lending products comprising commercial, financial, agricultural, and real estate loans.

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Institutional Ownership by Quarter for Fulton Financial (NASDAQ:FULT)

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