Fox Run Management L.L.C. Has $427,000 Stock Position in Fulton Financial Corporation $FULT

Fox Run Management L.L.C. lifted its holdings in shares of Fulton Financial Corporation (NASDAQ:FULT) by 44.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,659 shares of the bank’s stock after acquiring an additional 7,280 shares during the period. Fox Run Management L.L.C.’s holdings in Fulton Financial were worth $427,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in FULT. Private Advisor Group LLC increased its holdings in Fulton Financial by 2.0% during the 1st quarter. Private Advisor Group LLC now owns 35,552 shares of the bank’s stock worth $643,000 after purchasing an additional 704 shares in the last quarter. Xponance Inc. lifted its holdings in shares of Fulton Financial by 5.5% in the first quarter. Xponance Inc. now owns 13,775 shares of the bank’s stock valued at $249,000 after purchasing an additional 717 shares in the last quarter. Versor Investments LP boosted its position in shares of Fulton Financial by 1.3% during the first quarter. Versor Investments LP now owns 60,900 shares of the bank’s stock valued at $1,102,000 after buying an additional 800 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in Fulton Financial by 3.6% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 37,594 shares of the bank’s stock worth $718,000 after buying an additional 1,291 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB grew its holdings in Fulton Financial by 5.5% during the second quarter. Wilmington Savings Fund Society FSB now owns 32,510 shares of the bank’s stock worth $586,000 after buying an additional 1,700 shares in the last quarter. Institutional investors own 72.02% of the company’s stock.

Fulton Financial Price Performance

FULT opened at $17.76 on Thursday. Fulton Financial Corporation has a fifty-two week low of $14.32 and a fifty-two week high of $22.49. The firm has a 50-day moving average of $18.30 and a 200 day moving average of $18.22. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a market cap of $3.23 billion, a P/E ratio of 9.30 and a beta of 0.88.

Fulton Financial (NASDAQ:FULT) last announced its quarterly earnings data on Tuesday, November 8th. The bank reported $0.45 EPS for the quarter. Fulton Financial had a net margin of 19.01% and a return on equity of 12.55%. The business had revenue of $236.96 million for the quarter. On average, research analysts expect that Fulton Financial Corporation will post 1.91 EPS for the current year.

Fulton Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st were paid a $0.18 dividend. The ex-dividend date was Wednesday, October 1st. This represents a $0.72 annualized dividend and a yield of 4.1%. Fulton Financial’s dividend payout ratio is presently 37.70%.

Analysts Set New Price Targets

Several brokerages have weighed in on FULT. Zacks Research cut Fulton Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $20.00 price target (down from $22.00) on shares of Fulton Financial in a research report on Thursday, October 23rd. DA Davidson boosted their price target on shares of Fulton Financial from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Thursday, July 17th. Raymond James Financial raised shares of Fulton Financial from a “market perform” rating to an “outperform” rating and set a $21.00 price objective for the company in a research report on Tuesday, October 7th. Finally, Weiss Ratings cut shares of Fulton Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Saturday, October 25th. Two analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $20.70.

Insiders Place Their Bets

In other Fulton Financial news, Director E Philip Wenger sold 5,000 shares of the firm’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $19.28, for a total value of $96,400.00. Following the completion of the sale, the director directly owned 90,477 shares of the company’s stock, valued at $1,744,396.56. This trade represents a 5.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company 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.