Fulton Financial Co. (NASDAQ:FULT) Holdings Raised by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans increased its stake in Fulton Financial Co. (NASDAQ:FULT) by 22.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 378,582 shares of the bank’s stock after purchasing an additional 69,330 shares during the quarter. Thrivent Financial for Lutherans owned about 0.21% of Fulton Financial worth $7,299,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Jones Financial Companies Lllp lifted its stake in shares of Fulton Financial by 193.4% in the 4th quarter. Jones Financial Companies Lllp now owns 1,294 shares of the bank’s stock worth $25,000 after acquiring an additional 853 shares during the period. Quarry LP acquired a new stake in Fulton Financial in the third quarter worth approximately $33,000. McClarren Financial Advisors Inc. bought a new position in Fulton Financial during the 4th quarter valued at $44,000. Blue Trust Inc. increased its position in shares of Fulton Financial by 10.3% during the 4th quarter. Blue Trust Inc. now owns 5,455 shares of the bank’s stock valued at $99,000 after purchasing an additional 509 shares during the period. Finally, AlphaQuest LLC raised its stake in shares of Fulton Financial by 16,041.2% in the 4th quarter. AlphaQuest LLC now owns 5,488 shares of the bank’s stock worth $106,000 after buying an additional 5,454 shares in the last quarter. Institutional investors own 72.02% of the company’s stock.

Fulton Financial Stock Performance

Shares of FULT opened at $18.02 on Monday. The company has a 50-day moving average of $19.71 and a two-hundred day moving average of $19.43. The stock has a market cap of $3.28 billion, a price-to-earnings ratio of 11.48 and a beta of 0.76. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.90 and a quick ratio of 0.90. Fulton Financial Co. has a one year low of $13.87 and a one year high of $22.49.

Fulton Financial (NASDAQ:FULT) last posted its quarterly earnings data on Tuesday, January 21st. The bank reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.06. Fulton Financial had a net margin of 15.87% and a return on equity of 11.41%. During the same period last year, the business posted $0.42 earnings per share. On average, equities research analysts expect that Fulton Financial Co. will post 1.91 earnings per share for the current year.

Fulton Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be issued a dividend of $0.18 per share. The ex-dividend date is Tuesday, April 1st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.00%. Fulton Financial’s dividend payout ratio is 45.86%.

Analysts Set New Price Targets

FULT has been the subject of several research reports. StockNews.com raised Fulton Financial from a “sell” rating to a “hold” rating in a research note on Thursday, January 23rd. Stephens upgraded shares of Fulton Financial from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 9th. Keefe, Bruyette & Woods boosted their target price on shares of Fulton Financial from $23.00 to $24.00 and gave the stock a “market perform” rating in a report on Thursday, January 23rd. DA Davidson raised their target price on shares of Fulton Financial from $21.00 to $22.00 and gave the stock a “neutral” rating in a report on Friday, January 24th. Finally, Hovde Group upped their price target on Fulton Financial from $22.00 to $22.50 and gave the company a “market perform” rating in a report on Monday, January 27th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Fulton Financial has an average rating of “Hold” and an average price target of $20.64.

Insider Activity at Fulton Financial

In other Fulton Financial news, President Angela M. Snyder sold 13,322 shares of Fulton Financial stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $20.69, for a total transaction of $275,632.18. Following the transaction, the president now owns 63,682 shares of the company’s stock, valued at $1,317,580.58. The trade was a 17.30 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.07% of the stock is owned by insiders.

Fulton Financial Company 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.