Inspire Investing LLC Has $348,000 Holdings in Fulton Financial Co. (NASDAQ:FULT)

Inspire Investing LLC lowered its position in Fulton Financial Co. (NASDAQ:FULT) by 8.8% during the second quarter, according to its most recent filing with the SEC. The firm owned 20,508 shares of the bank’s stock after selling 1,978 shares during the period. Inspire Investing LLC’s holdings in Fulton Financial were worth $348,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Norges Bank bought a new stake in shares of Fulton Financial during the 4th quarter valued at about $27,805,000. Hsbc Holdings PLC grew its position in shares of Fulton Financial by 36.0% during the 4th quarter. Hsbc Holdings PLC now owns 2,593,793 shares of the bank’s stock worth $43,043,000 after buying an additional 686,269 shares during the period. United Services Automobile Association acquired a new stake in shares of Fulton Financial during the 4th quarter worth approximately $202,000. Legacy Advisors LLC lifted its position in shares of Fulton Financial by 1.8% during the 4th quarter. Legacy Advisors LLC now owns 286,104 shares of the bank’s stock valued at $4,758,000 after acquiring an additional 5,000 shares during the period. Finally, TFO Wealth Partners LLC boosted its stake in Fulton Financial by 76,320.0% during the fourth quarter. TFO Wealth Partners LLC now owns 7,642 shares of the bank’s stock worth $126,000 after acquiring an additional 7,632 shares in the last quarter. 72.02% of the stock is owned by institutional investors.

Fulton Financial Stock Down 2.0 %

Shares of NASDAQ FULT opened at $18.03 on Wednesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.93 and a quick ratio of 0.93. Fulton Financial Co. has a 1 year low of $11.63 and a 1 year high of $20.33. The stock has a market capitalization of $3.28 billion, a P/E ratio of 11.20 and a beta of 0.74. The company has a 50-day moving average price of $18.51 and a 200-day moving average price of $17.01.

Fulton Financial (NASDAQ:FULT) last issued its quarterly earnings data on Tuesday, July 16th. The bank reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.22. Fulton Financial had a return on equity of 11.29% and a net margin of 17.93%. The firm had revenue of $334.71 million during the quarter, compared to analyst estimates of $296.38 million. During the same period in the previous year, the company posted $0.47 EPS. The company’s revenue for the quarter was up 22.4% on a year-over-year basis. On average, equities research analysts forecast that Fulton Financial Co. will post 1.73 EPS for the current fiscal year.

Fulton Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 3.77%. The ex-dividend date is Tuesday, October 1st. Fulton Financial’s dividend payout ratio (DPR) is presently 42.24%.

Wall Street Analysts Forecast Growth

FULT has been the subject of several research analyst reports. Jefferies Financial Group decreased their price target 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. StockNews.com raised Fulton Financial from a “sell” rating to a “hold” rating in a research note on Thursday, July 18th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $18.40.

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.