Jefferies Financial Group Inc. Makes New $4.58 Million Investment in Fulton Financial Corporation $FULT

Jefferies Financial Group Inc. bought a new position in Fulton Financial Corporation (NASDAQ:FULT) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 236,951 shares of the bank’s stock, valued at approximately $4,580,000.

A number of other hedge funds have also recently modified their holdings of FULT. Balyasny Asset Management L.P. bought a new stake in shares of Fulton Financial during the 2nd quarter valued at $22,069,000. Millennium Management LLC lifted its stake in Fulton Financial by 2,825.4% in the 3rd quarter. Millennium Management LLC now owns 1,021,992 shares of the bank’s stock worth $19,040,000 after purchasing an additional 987,057 shares in the last quarter. American Century Companies Inc. lifted its stake in Fulton Financial by 25.3% in the 3rd quarter. American Century Companies Inc. now owns 3,583,100 shares of the bank’s stock worth $66,753,000 after purchasing an additional 723,948 shares in the last quarter. Pier Capital LLC purchased a new stake in Fulton Financial in the 3rd quarter worth $8,895,000. Finally, Capitolis Liquid Global Markets LLC purchased a new stake in Fulton Financial in the 3rd quarter worth $6,323,000. Institutional investors own 72.02% of the company’s stock.

Insider Transactions at Fulton Financial

In related news, Director E Philip Wenger sold 5,000 shares of the business’s stock in a transaction on Monday, April 13th. The shares were sold at an average price of $21.42, for a total transaction of $107,100.00. Following the completion of the transaction, the director directly owned 80,477 shares in the company, valued at $1,723,817.34. The trade was a 5.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.01% of the stock is owned by corporate insiders.

Fulton Financial Stock Performance

NASDAQ:FULT opened at $21.44 on Tuesday. Fulton Financial Corporation has a 12 month low of $16.60 and a 12 month high of $22.99. The firm has a fifty day simple moving average of $20.95 and a 200-day simple moving average of $20.28. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $4.10 billion, a P/E ratio of 10.21 and a beta of 0.81.

Fulton Financial (NASDAQ:FULT) last posted its quarterly earnings data on Wednesday, April 22nd. The bank reported $0.55 EPS for the quarter, topping the consensus estimate of $0.50 by $0.05. Fulton Financial had a net margin of 20.85% and a return on equity of 12.69%. The business had revenue of $331.86 million during the quarter, compared to the consensus estimate of $359.36 million. During the same period in the previous year, the firm posted $0.52 earnings per share. On average, equities research analysts anticipate that Fulton Financial Corporation will post 2.17 earnings per share for the current year.

Fulton Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Wednesday, April 1st were given a dividend of $0.19 per share. The ex-dividend date was Wednesday, April 1st. This represents a $0.76 dividend on an annualized basis and a yield of 3.5%. Fulton Financial’s payout ratio is currently 36.19%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on FULT shares. Raymond James Financial reaffirmed an “outperform” rating and issued a $24.00 price target on shares of Fulton Financial in a report on Monday, April 27th. DA Davidson assumed coverage on shares of Fulton Financial in a research report on Wednesday, February 25th. They issued a “neutral” rating and a $24.00 price objective on the stock. Weiss Ratings raised shares of Fulton Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 1st. Finally, Wall Street Zen lowered shares of Fulton Financial from a “hold” rating to a “sell” rating in a report on Sunday, May 3rd. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $23.00.

About Fulton Financial

Fulton Financial Corporation, trading on the NASDAQ under the ticker FULT, is the financial holding company for Fulton Bank, headquartered in Lancaster, Pennsylvania. The company delivers a broad range of banking and financial services through its subsidiary, Fulton Bank, targeting both individual and corporate clients. Fulton Financial’s offerings include deposit accounts, lending solutions, treasury management, and specialized banking services designed to support personal wealth goals and business growth initiatives.

Through Fulton Bank, the company provides retail banking services such as checking and savings accounts, consumer and residential mortgage loans, and home equity products.