Truist Financial Corp boosted its stake in shares of Fulton Financial Co. (NASDAQ:FULT – Free Report) by 6.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 57,696 shares of the bank’s stock after buying an additional 3,251 shares during the period. Truist Financial Corp’s holdings in Fulton Financial were worth $980,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of FULT. Family Firm Inc. purchased a new stake in shares of Fulton Financial in the second quarter valued at $46,000. Blue Trust Inc. raised its position in Fulton Financial by 21.9% in the 2nd 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 bought a new stake in Fulton Financial in the first quarter worth about $66,000. AE Wealth Management LLC purchased a new position in shares of Fulton Financial during the second quarter valued at approximately $172,000. Finally, Atwater Malick LLC bought a new position in shares of Fulton Financial during the second quarter valued at approximately $175,000. 72.02% of the stock is currently owned by institutional investors.
Fulton Financial Price Performance
Shares of FULT stock opened at $17.95 on Monday. Fulton Financial Co. has a twelve month low of $11.99 and a twelve month high of $20.33. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.26. The stock has a fifty day simple moving average of $18.01 and a two-hundred day simple moving average of $17.21. The stock has a market capitalization of $3.26 billion, a price-to-earnings ratio of 11.15 and a beta of 0.73.
Fulton Financial Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 3.79%. The ex-dividend date is Tuesday, October 1st. Fulton Financial’s payout ratio is 42.24%.
Wall Street Analyst Weigh In
FULT has been the subject of a number of research analyst reports. StockNews.com raised Fulton Financial from a “sell” rating to a “hold” rating in a research note on Thursday, July 18th. Jefferies Financial Group lowered their target price on shares of Fulton Financial from $18.50 to $18.00 and set a “hold” rating for the company in a research note on Wednesday, July 3rd. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $18.40.
View Our Latest Stock Analysis on FULT
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.
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