10,450 Shares in Fulton Financial Co. (NASDAQ:FULT) Acquired by MQS Management LLC

MQS Management LLC acquired a new position in shares of Fulton Financial Co. (NASDAQ:FULT) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 10,450 shares of the bank’s stock, valued at approximately $189,000.

A number of other institutional investors have also made changes to their positions in the company. Family Firm Inc. acquired a new position in Fulton Financial during the 2nd quarter valued at approximately $46,000. Coston McIsaac & Partners acquired a new stake in shares of Fulton Financial in the third quarter valued at $54,000. Blue Trust Inc. raised its position in shares of Fulton Financial by 21.9% during the second quarter. Blue Trust Inc. now owns 3,840 shares of the bank’s stock worth $61,000 after purchasing an additional 691 shares during the period. Headlands Technologies LLC acquired a new stake in shares of Fulton Financial during the first quarter worth $66,000. Finally, AE Wealth Management LLC acquired a new stake in shares of Fulton Financial during the second quarter worth $172,000. 72.02% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

FULT has been the topic of a number of recent analyst reports. Piper Sandler set a $21.00 target price on Fulton Financial in a research report on Thursday, October 17th. StockNews.com lowered Fulton Financial from a “hold” rating to a “sell” rating in a research report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Fulton Financial presently has an average rating of “Hold” and a consensus target price of $18.83.

Fulton Financial Stock Up 0.8 %

NASDAQ:FULT opened at $21.15 on Friday. The firm has a market capitalization of $3.85 billion, a price-to-earnings ratio of 13.39 and a beta of 0.73. Fulton Financial Co. has a 1-year low of $13.84 and a 1-year high of $21.65. The company has a current ratio of 0.93, a quick ratio of 0.90 and a debt-to-equity ratio of 0.32. The business’s fifty day moving average price is $18.39 and its 200 day moving average price is $17.83.

Fulton Financial (NASDAQ:FULT) last issued its earnings results on Tuesday, October 15th. The bank reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.06. Fulton Financial had a return on equity of 11.33% and a net margin of 16.37%. The company had revenue of $487.33 million for the quarter, compared to analyst estimates of $321.00 million. During the same period in the prior year, the firm posted $0.43 EPS. On average, sell-side analysts forecast that Fulton Financial Co. will post 1.74 earnings per share for the current fiscal year.

Fulton Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 3.22%. The ex-dividend date was Tuesday, October 1st. Fulton Financial’s payout ratio is currently 43.04%.

About Fulton Financial

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.