SG Americas Securities LLC Purchases 45,903 Shares of Fulton Financial Corporation $FULT

SG Americas Securities LLC raised its position in shares of Fulton Financial Corporation (NASDAQ:FULT) by 33.1% during the 1st quarter, Holdings Channel.com reports. The firm owned 184,491 shares of the bank’s stock after purchasing an additional 45,903 shares during the period. SG Americas Securities LLC’s holdings in Fulton Financial were worth $3,753,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Kestra Advisory Services LLC purchased a new stake in shares of Fulton Financial in the fourth quarter worth $25,000. Eurizon Capital SGR S.p.A. bought a new stake in shares of Fulton Financial during the 4th quarter valued at $27,000. Torren Management LLC purchased a new position in shares of Fulton Financial during the 4th quarter valued at $28,000. V Square Quantitative Management LLC purchased a new position in shares of Fulton Financial during the 4th quarter valued at $28,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in Fulton Financial in the 4th quarter worth $28,000. Hedge funds and other institutional investors own 72.02% of the company’s stock.

Insider Activity at Fulton Financial

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

Analyst Ratings Changes

A number of brokerages have issued reports on FULT. Wall Street Zen lowered Fulton Financial from a “hold” rating to a “sell” rating in a research note on Sunday, May 3rd. Raymond James Financial restated an “outperform” rating and issued a $24.00 price objective on shares of Fulton Financial in a research report on Monday, April 27th. Weiss Ratings upgraded Fulton Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 1st. Finally, Piper Sandler set a $23.00 target price on Fulton Financial and gave the company a “neutral” rating in a research note on Friday, June 12th. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $23.00.

Fulton Financial Price Performance

FULT stock opened at $24.15 on Tuesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.90 and a current ratio of 0.90. The company’s fifty day moving average price is $22.05 and its 200-day moving average price is $21.09. Fulton Financial Corporation has a one year low of $16.60 and a one year high of $24.43. The company has a market capitalization of $4.62 billion, a PE ratio of 11.50 and a beta of 0.80.

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

Fulton Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Wednesday, July 1st. Fulton Financial’s dividend payout ratio is 36.19%.

Fulton Financial 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.