Fulton Financial Co. (NASDAQ:FULT) President Angela M. Snyder Sells 13,322 Shares of Stock

Fulton Financial Co. (NASDAQ:FULT) President Angela M. Snyder sold 13,322 shares of the stock in a transaction on Monday, January 27th. The shares were sold at an average price of $20.69, for a total value of $275,632.18. Following the completion of the transaction, the president now owns 63,682 shares of the company’s stock, valued at $1,317,580.58. This trade represents a 17.30 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Fulton Financial Trading Up 0.1 %

NASDAQ FULT opened at $20.58 on Tuesday. The company has a current ratio of 0.90, a quick ratio of 0.93 and a debt-to-equity ratio of 0.32. Fulton Financial Co. has a 1-year low of $13.87 and a 1-year high of $22.49. The firm’s fifty day simple moving average is $20.45 and its 200-day simple moving average is $19.20. The company has a market capitalization of $3.75 billion, a PE ratio of 13.11 and a beta of 0.79.

Fulton Financial (NASDAQ:FULT) last issued its earnings results on Tuesday, January 21st. The bank reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.06. Fulton Financial had a return on equity of 11.41% and a net margin of 15.87%. During the same period last year, the company posted $0.42 EPS. As a group, sell-side analysts anticipate that Fulton Financial Co. will post 1.79 earnings per share for the current fiscal year.

Fulton Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.18 dividend. The ex-dividend date was Tuesday, December 31st. This is a boost from Fulton Financial’s previous quarterly dividend of $0.17. This represents a $0.72 dividend on an annualized basis and a yield of 3.50%. Fulton Financial’s payout ratio is 45.86%.

Institutional Trading of Fulton Financial

Several large investors have recently added to or reduced their stakes in FULT. Quarry LP acquired a new stake in shares of Fulton Financial in the third quarter worth about $33,000. Coston McIsaac & Partners bought a new stake in Fulton Financial in the 3rd quarter valued at $54,000. Blue Trust Inc. grew its position in Fulton Financial by 28.8% in the 3rd quarter. Blue Trust Inc. now owns 4,946 shares of the bank’s stock worth $84,000 after purchasing an additional 1,106 shares during the last quarter. TD Private Client Wealth LLC increased its holdings in shares of Fulton Financial by 11.6% during the 3rd quarter. TD Private Client Wealth LLC now owns 6,519 shares of the bank’s stock worth $118,000 after purchasing an additional 676 shares during the period. Finally, KBC Group NV lifted its stake in shares of Fulton Financial by 69.3% in the fourth quarter. KBC Group NV now owns 8,517 shares of the bank’s stock valued at $164,000 after buying an additional 3,487 shares during the period. 72.02% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. DA Davidson raised their target price on shares of Fulton Financial from $21.00 to $22.00 and gave the stock a “neutral” rating in a report on Friday. Keefe, Bruyette & Woods raised their price objective on shares of Fulton Financial from $23.00 to $24.00 and gave the stock a “market perform” rating in a research note on Thursday, January 23rd. StockNews.com raised shares of Fulton Financial from a “sell” rating to a “hold” rating in a research note on Thursday, January 23rd. Piper Sandler set a $21.00 target price on Fulton Financial in a research report on Thursday, October 17th. Finally, Hovde Group upped their price target on Fulton Financial from $22.00 to $22.50 and gave the company a “market perform” rating in a research report on Monday. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $20.64.

About Fulton Financial

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.