Fulton Financial Corporation $FULT Shares Purchased by Hazlett Burt & Watson Inc.

Hazlett Burt & Watson Inc. increased its holdings in shares of Fulton Financial Corporation (NASDAQ:FULT) by 22.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 43,047 shares of the bank’s stock after acquiring an additional 7,754 shares during the quarter. Hazlett Burt & Watson Inc.’s holdings in Fulton Financial were worth $776,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Principal Financial Group Inc. boosted its position in Fulton Financial by 2.9% during the first quarter. Principal Financial Group Inc. now owns 1,082,623 shares of the bank’s stock worth $19,585,000 after acquiring an additional 30,800 shares during the last quarter. Nuveen LLC purchased a new position in Fulton Financial during the first quarter worth about $17,263,000. Public Sector Pension Investment Board raised its stake in Fulton Financial by 27.3% during the first quarter. Public Sector Pension Investment Board now owns 577,492 shares of the bank’s stock worth $10,447,000 after purchasing an additional 124,019 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Fulton Financial by 5.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 448,832 shares of the bank’s stock worth $8,119,000 after purchasing an additional 21,596 shares during the period. Finally, Jane Street Group LLC raised its stake in Fulton Financial by 914.9% during the first quarter. Jane Street Group LLC now owns 308,243 shares of the bank’s stock worth $5,576,000 after purchasing an additional 277,871 shares during the period. 72.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Jefferies Financial Group reaffirmed a “hold” rating on shares of Fulton Financial in a research note on Wednesday, July 9th. Raymond James Financial raised shares of Fulton Financial from a “market perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a research note on Tuesday, October 7th. Piper Sandler reaffirmed a “neutral” rating on shares of Fulton Financial in a research note on Wednesday, July 9th. Zacks Research downgraded shares of Fulton Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Fulton Financial in a research note on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Fulton Financial currently has an average rating of “Hold” and an average price target of $21.10.

Fulton Financial Price Performance

Shares of FULT opened at $17.31 on Monday. Fulton Financial Corporation has a fifty-two week low of $14.32 and a fifty-two week high of $22.49. The firm’s 50 day moving average price is $18.83 and its 200 day moving average price is $17.99. The company has a market cap of $3.15 billion, a P/E ratio of 10.12 and a beta of 0.82. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.37.

Fulton Financial (NASDAQ:FULT) last posted its quarterly earnings results on Tuesday, November 8th. The bank reported $0.45 EPS for the quarter. Fulton Financial had a net margin of 17.00% and a return on equity of 12.64%. The company had revenue of $236.96 million during the quarter. On average, research analysts forecast that Fulton Financial Corporation will post 1.91 earnings per share for the current fiscal year.

Fulton Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st will be given a $0.18 dividend. The ex-dividend date is Wednesday, October 1st. This represents a $0.72 annualized dividend and a yield of 4.2%. Fulton Financial’s dividend payout ratio is 42.11%.

Insider Buying and Selling

In related news, Director E Philip Wenger sold 5,000 shares of the company’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $19.28, for a total value of $96,400.00. Following the completion of the sale, the director owned 90,477 shares in the company, valued at $1,744,396.56. This represents a 5.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.07% of the stock is currently owned by company insiders.

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.