14,700 Shares in Fulton Financial Co. (NASDAQ:FULT) Bought by XTX Topco Ltd

XTX Topco Ltd purchased a new stake in Fulton Financial Co. (NASDAQ:FULT) during the third quarter, according to its most recent filing with the SEC. The fund purchased 14,700 shares of the bank’s stock, valued at approximately $267,000.

Several other hedge funds have also bought and sold shares of the stock. Quarry LP bought a new stake in shares of Fulton Financial in the third quarter worth about $33,000. Family Firm Inc. purchased a new position in Fulton Financial during the 2nd quarter valued at approximately $46,000. Coston McIsaac & Partners purchased a new stake in shares of Fulton Financial during the 3rd quarter worth approximately $54,000. Blue Trust Inc. boosted its position in shares of Fulton Financial by 21.9% during the 2nd quarter. Blue Trust Inc. now owns 3,840 shares of the bank’s stock valued at $61,000 after acquiring an additional 691 shares during the last quarter. Finally, AE Wealth Management LLC bought a new position in shares of Fulton Financial during the 2nd quarter valued at approximately $172,000. Hedge funds and other institutional investors own 72.02% of the company’s stock.

Fulton Financial Price Performance

FULT stock opened at $19.67 on Thursday. The stock has a market cap of $3.58 billion, a PE ratio of 12.45 and a beta of 0.78. Fulton Financial Co. has a 12 month low of $13.87 and a 12 month high of $22.49. The company has a 50-day moving average price of $19.93 and a 200 day moving average price of $18.50. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.32.

Fulton Financial (NASDAQ:FULT) last announced its earnings results on Tuesday, October 15th. The bank reported $0.50 earnings per share (EPS) for the quarter, beating 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 business had revenue of $487.33 million during the quarter, compared to analyst estimates of $321.00 million. During the same quarter in the previous year, the business earned $0.43 earnings per share. Equities research analysts anticipate that Fulton Financial Co. will post 1.74 earnings per share for the current year.

Fulton Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 3.66%. This is an increase from Fulton Financial’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Tuesday, December 31st. Fulton Financial’s dividend payout ratio (DPR) is 43.04%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Stephens raised shares of Fulton Financial from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 9th. Keefe, Bruyette & Woods upped their target price on shares of Fulton Financial from $20.00 to $23.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Piper Sandler set a $21.00 price target on shares of Fulton Financial in a report on Thursday, October 17th. Finally, StockNews.com cut Fulton Financial from a “hold” rating to a “sell” rating in a research note on Monday, November 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $19.50.

Insider Activity

In related news, CEO Curtis J. Myers sold 24,192 shares of the firm’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $21.16, for a total value of $511,902.72. Following the transaction, the chief executive officer now owns 155,946 shares of the company’s stock, valued at $3,299,817.36. This trade represents a 13.43 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.07% of the company’s stock.

Fulton Financial 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.