Lisa Crutchfield Sells 4,100 Shares of Fulton Financial (NASDAQ:FULT) Stock

Fulton Financial Corporation (NASDAQ:FULT) Director Lisa Crutchfield sold 4,100 shares of Fulton Financial stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $24.80, for a total value of $101,680.00. Following the transaction, the director directly owned 7,838 shares in the company, valued at approximately $194,382.40. The trade was a 34.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Fulton Financial Trading Down 0.7%

Fulton Financial stock opened at $24.24 on Friday. Fulton Financial Corporation has a 12-month low of $16.60 and a 12-month high of $25.23. The firm has a market capitalization of $4.63 billion, a price-to-earnings ratio of 11.60 and a beta of 0.79. The firm has a 50 day moving average of $23.74 and a 200 day moving average of $22.00. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.06.

Fulton Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st were paid a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.1%. Fulton Financial’s dividend payout ratio is 36.36%.

Hedge Funds Weigh In On Fulton Financial

Several hedge funds have recently modified their holdings of the stock. Root Financial Partners LLC grew its stake in Fulton Financial by 89.9% during the first quarter. Root Financial Partners LLC now owns 1,282 shares of the bank’s stock valued at $26,000 after acquiring an additional 607 shares in the last quarter. Kestra Advisory Services LLC bought a new position in shares of Fulton Financial during the 4th quarter valued at about $25,000. Eurizon Capital SGR S.p.A. bought a new position in shares of Fulton Financial during the 4th quarter valued at about $27,000. Axiom Investment Management LLC purchased a new position in shares of Fulton Financial during the first quarter valued at about $28,000. Finally, Torren Management LLC bought a new stake in shares of Fulton Financial in the fourth quarter worth about $28,000. Hedge funds and other institutional investors own 72.02% of the company’s stock.

Wall Street Analysts Forecast Growth

FULT has been the topic of a number of analyst reports. DA Davidson lifted their target price on shares of Fulton Financial from $24.00 to $25.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Weiss Ratings reissued a “buy (b)” rating on shares of Fulton Financial in a report on Wednesday, July 29th. Raymond James Financial boosted their price objective on Fulton Financial from $24.00 to $26.00 and gave the company an “outperform” rating in a research report on Wednesday, July 1st. Wall Street Zen raised Fulton Financial from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Finally, Piper Sandler reiterated a “neutral” rating and set a $27.00 target price (up from $23.00) on shares of Fulton Financial in a research report on Monday. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $24.75.

About Fulton Financial

Fulton Financial Corporation, trading on the NASDAQ under the ticker FULT, is the financial holding company for Fulton Bank, headquartered in Lancaster, Pennsylvania. The company delivers a broad range of banking and financial services through its subsidiary, Fulton Bank, targeting both individual and corporate clients. Fulton Financial’s offerings include deposit accounts, lending solutions, treasury management, and specialized banking services designed to support personal wealth goals and business growth initiatives.

Through Fulton Bank, the company provides retail banking services such as checking and savings accounts, consumer and residential mortgage loans, and home equity products.