Zeke Capital Advisors LLC Takes $191,000 Position in Fulton Financial Co. (FULT)
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.
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.
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.
TRADEMARK VIOLATION NOTICE: This story was first reported by Watch List News and is the property of of Watch List News. If you are viewing this story on another domain, it was illegally copied and reposted in violation of US and international trademark and copyright legislation. The correct version of this story can be accessed at https://www.watchlistnews.com/zeke-capital-advisors-llc-takes-191000-position-in-fulton-financial-co-fult/1961395.html.
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.
Want to see what other hedge funds are holding FULT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fulton Financial Co. (NASDAQ:FULT).
Receive News & Ratings for Fulton Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fulton Financial and related companies with MarketBeat.com's FREE daily email newsletter.