Fulton Financial Corporation $FULT Stock Holdings Cut by State of Alaska Department of Revenue

State of Alaska Department of Revenue reduced its stake in shares of Fulton Financial Corporation (NASDAQ:FULT) by 43.8% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 39,472 shares of the bank’s stock after selling 30,794 shares during the quarter. State of Alaska Department of Revenue’s holdings in Fulton Financial were worth $889,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Root Financial Partners LLC raised its position in shares of Fulton Financial by 89.9% in the 1st quarter. Root Financial Partners LLC now owns 1,282 shares of the bank’s stock valued at $26,000 after acquiring an additional 607 shares during the period. Axiom Investment Management LLC bought a new position in Fulton Financial during the 1st quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd bought a new position in Fulton Financial during the 4th quarter worth approximately $28,000. Cassaday & Co Wealth Management LLC acquired a new position in Fulton Financial during the first quarter valued at approximately $53,000. Finally, Compass Financial Management LLC acquired a new position in Fulton Financial during the second quarter valued at approximately $66,000. 72.02% of the stock is owned by institutional investors.

Fulton Financial Stock Performance

FULT opened at $22.53 on Thursday. Fulton Financial Corporation has a 52-week low of $16.91 and a 52-week high of $25.23. The firm has a market capitalization of $4.30 billion, a PE ratio of 10.78 and a beta of 0.79. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.92 and a current ratio of 0.92. The business’s 50-day simple moving average is $23.20 and its 200 day simple moving average is $22.93.

Fulton Financial (NASDAQ:FULT) last released its earnings results on Wednesday, October 21st. The bank reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.07. The business had revenue of $367.26 million during the quarter, compared to analysts’ expectations of $366.71 million. Fulton Financial had a net margin of 20.63% and a return on equity of 12.68%. During the same period last year, the business earned $0.55 earnings per share. As a group, sell-side analysts expect that Fulton Financial Corporation will post 2.22 earnings per share for the current fiscal year.

Fulton Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Thursday, October 1st were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Thursday, October 1st. Fulton Financial’s dividend payout ratio is currently 36.36%.

Analysts Set New Price Targets

Several research firms have weighed in on FULT. Wall Street Zen upgraded shares of Fulton Financial from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Raymond James Financial lowered shares of Fulton Financial from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 6th. Piper Sandler restated a “neutral” rating and issued a $27.00 price objective (up from $23.00) on shares of Fulton Financial in a research report on Monday, August 3rd. DA Davidson upped their price objective on shares of Fulton Financial from $24.00 to $25.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Fulton Financial in a research note on Wednesday, July 29th. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $24.75.

Fulton Financial News Roundup

Here are the key news stories impacting Fulton Financial this week:

• Positive Sentiment: Earnings and revenue exceeded expectations. Fulton reported quarterly earnings of approximately $0.59-$0.62 per diluted share, compared with analyst estimates of roughly $0.53-$0.55. Revenue of $367.26 million also edged out the $366.71 million consensus estimate. Earnings increased from $0.55 per share a year earlier. Fulton Financial Beats Q3 Earnings and Revenue Estimates
• Positive Sentiment: Profitability improved sequentially. Net income available to common shareholders rose $14.2 million from the second quarter to $114.1 million. Net interest income increased $5.8 million to $290.0 million, while non-interest expense fell $12.4 million to $218.5 million. The bank also reported a 20.63% net margin and 12.68% return on equity. Fulton Financial Announces Third Quarter 2026 Results
• Positive Sentiment: Deposits and capital returns were encouraging. Total deposits grew $571 million to $28.8 billion, and Fulton repurchased 2.325 million shares for $56.1 million, supporting per-share value and signaling management confidence.
• Neutral Sentiment: Loan growth was limited. Total net loans increased only $43.6 million to $26.0 billion, indicating modest balance-sheet expansion despite stronger deposits.
• Negative Sentiment: Non-interest income declined. Fee and other non-interest revenue fell $2.1 million sequentially to $77.2 million, partially offsetting gains from net interest income and expense control.

Insiders Place Their Bets

In other Fulton Financial news, Director Lisa Crutchfield sold 4,100 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $24.80, for a total transaction of $101,680.00. Following the completion of the sale, the director directly owned 7,838 shares in the company, valued at $194,382.40. This trade represents a 34.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.01% of the stock is currently owned by corporate insiders.

Fulton Financial Company Profile

Fulton Financial Corporation is a regional bank holding company headquartered in Lancaster, Pennsylvania. Through its principal subsidiary, Fulton Bank, N.A., the company provides banking and financial services to individuals, businesses, and institutions.

Fulton Bank offers deposit accounts, consumer and commercial lending, residential mortgages, and cash-management and treasury services. Its other offerings include wealth management, trust and investment services, financial planning, and insurance solutions.

Founded in 1882, Fulton Financial serves customers through banking offices and digital channels in Pennsylvania, Delaware, Maryland, New Jersey, and Virginia.