DGS Capital Management LLC Makes New $472,000 Investment in Fulton Financial Corporation $FULT

DGS Capital Management LLC bought a new position in shares of Fulton Financial Corporation (NASDAQ:FULT) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 24,405 shares of the bank’s stock, valued at approximately $472,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Kestra Advisory Services LLC acquired a new stake in Fulton Financial in the fourth quarter worth about $25,000. Eurizon Capital SGR S.p.A. purchased a new position in shares of Fulton Financial in the fourth quarter worth about $27,000. Torren Management LLC purchased a new position in shares of Fulton Financial in the fourth quarter worth about $28,000. V Square Quantitative Management LLC acquired a new stake in shares of Fulton Financial during the fourth quarter worth about $28,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Fulton Financial by 373.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,662 shares of the bank’s stock worth $30,000 after purchasing an additional 1,311 shares during the period. 72.02% of the stock is currently owned by institutional investors.

Insider Activity at Fulton Financial

In other news, Director E Philip Wenger sold 5,000 shares of the stock in a transaction that occurred on Monday, April 13th. The shares were sold at an average price of $21.42, for a total value of $107,100.00. Following the sale, the director directly owned 80,477 shares in the company, valued at $1,723,817.34. This represents a 5.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.01% of the stock is owned by corporate insiders.

Fulton Financial Stock Performance

NASDAQ FULT opened at $22.90 on Friday. 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 business’s 50 day moving average is $21.78 and its two-hundred day moving average is $20.86. Fulton Financial Corporation has a 12-month low of $16.60 and a 12-month high of $23.66. The stock has a market capitalization of $4.38 billion, a price-to-earnings ratio of 10.90 and a beta of 0.80.

Fulton Financial (NASDAQ:FULT) last posted its quarterly earnings results on Wednesday, April 22nd. The bank reported $0.55 EPS for the quarter, beating the consensus estimate of $0.50 by $0.05. The business had revenue of $331.86 million during the quarter, compared to analysts’ expectations of $359.36 million. Fulton Financial had a return on equity of 12.69% and a net margin of 20.85%.During the same period last year, the firm earned $0.52 EPS. Research analysts expect that Fulton Financial Corporation will post 2.18 EPS for the current year.

Fulton Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st will be issued a $0.19 dividend. The ex-dividend date is Wednesday, July 1st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.3%. Fulton Financial’s dividend payout ratio is currently 36.19%.

Wall Street Analyst Weigh In

Several brokerages have commented on FULT. Raymond James Financial reissued an “outperform” rating and issued a $24.00 price objective on shares of Fulton Financial in a report on Monday, April 27th. Weiss Ratings upgraded Fulton Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 1st. DA Davidson initiated coverage on shares of Fulton Financial in a report on Wednesday, February 25th. They issued a “neutral” rating and a $24.00 price objective on the stock. Piper Sandler set a $23.00 price objective on shares of Fulton Financial and gave the stock a “neutral” rating in a report on Friday, June 12th. Finally, Wall Street Zen downgraded shares of Fulton Financial from a “hold” rating to a “sell” rating in a research report on Sunday, May 3rd. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $23.00.

Fulton Financial Company Profile

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.