Vest Financial LLC Buys 84,152 Shares of Fulton Financial Corporation $FULT

Vest Financial LLC raised its stake in shares of Fulton Financial Corporation (NASDAQ:FULT) by 100.7% in the 2nd quarter, Holdings Channel reports. The firm owned 167,681 shares of the bank’s stock after purchasing an additional 84,152 shares during the quarter. Vest Financial LLC’s holdings in Fulton Financial were worth $3,025,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Quarry LP raised its position in Fulton Financial by 1,669.6% during the 1st quarter. Quarry LP now owns 1,982 shares of the bank’s stock worth $36,000 after purchasing an additional 1,870 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Fulton Financial by 42.2% in the 1st quarter. GAMMA Investing LLC now owns 3,072 shares of the bank’s stock worth $56,000 after acquiring an additional 911 shares in the last quarter. Wealth Preservation Advisors LLC bought a new position in shares of Fulton Financial in the 1st quarter worth about $60,000. Blue Trust Inc. raised its position in shares of Fulton Financial by 15.1% in the 1st quarter. Blue Trust Inc. now owns 5,728 shares of the bank’s stock worth $104,000 after acquiring an additional 752 shares in the last quarter. Finally, TD Private Client Wealth LLC raised its position in shares of Fulton Financial by 21.5% in the 1st quarter. TD Private Client Wealth LLC now owns 8,377 shares of the bank’s stock worth $152,000 after acquiring an additional 1,483 shares in the last quarter. 72.02% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

FULT has been the subject of several research analyst reports. Keefe, Bruyette & Woods lifted their price objective on Fulton Financial from $21.00 to $22.00 and gave the stock a “market perform” rating in a research report on Thursday, July 17th. Weiss Ratings reissued a “buy (b-)” rating on shares of Fulton Financial in a research report on Wednesday, October 8th. Raymond James Financial raised Fulton Financial from a “market perform” rating to an “outperform” rating and set a $21.00 price objective for the company in a research report on Tuesday, October 7th. DA Davidson lifted their price objective on Fulton Financial from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Thursday, July 17th. Finally, Zacks Research lowered Fulton Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Three equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $21.10.

Fulton Financial Stock Performance

Shares of Fulton Financial stock opened at $18.23 on Wednesday. Fulton Financial Corporation has a one year low of $14.32 and a one year high of $22.49. The firm has a market capitalization of $3.32 billion, a price-to-earnings ratio of 10.66 and a beta of 0.82. The business has a 50-day simple moving average of $18.84 and a 200 day simple moving average of $17.99. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.92 and a quick ratio of 0.92.

Fulton Financial (NASDAQ:FULT) last released its quarterly earnings results on Tuesday, November 8th. The bank reported $0.45 earnings per share (EPS) for the quarter. The business had revenue of $236.96 million during the quarter. Fulton Financial had a return on equity of 12.64% and a net margin of 17.00%. On average, research analysts anticipate that Fulton Financial Corporation will post 1.91 earnings per share for the current fiscal year.

Fulton Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be paid a dividend of $0.18 per share. The ex-dividend date is Wednesday, October 1st. This represents a $0.72 dividend on an annualized basis and a yield of 3.9%. Fulton Financial’s payout ratio is 42.11%.

Insider Transactions at Fulton Financial

In other Fulton Financial news, Director E Philip Wenger sold 5,000 shares of Fulton Financial stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $19.28, for a total transaction of $96,400.00. Following the completion of the transaction, the director owned 90,477 shares in the company, valued at approximately $1,744,396.56. The trade was a 5.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.07% of the company’s stock.

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.