Fulton Financial Co. (NASDAQ:FULT) Shares Sold by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC reduced its stake in Fulton Financial Co. (NASDAQ:FULT) by 14.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,139 shares of the bank’s stock after selling 1,830 shares during the period. Kingsview Wealth Management LLC’s holdings in Fulton Financial were worth $215,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Apollon Wealth Management LLC acquired a new stake in shares of Fulton Financial in the 4th quarter valued at $329,000. Cullinan Associates Inc. boosted its holdings in Fulton Financial by 18.5% in the fourth quarter. Cullinan Associates Inc. now owns 16,000 shares of the bank’s stock valued at $308,000 after purchasing an additional 2,500 shares in the last quarter. Valley National Advisers Inc. boosted its holdings in Fulton Financial by 3.9% in the fourth quarter. Valley National Advisers Inc. now owns 30,700 shares of the bank’s stock valued at $591,000 after purchasing an additional 1,150 shares in the last quarter. EMC Capital Management raised its holdings in Fulton Financial by 151.2% during the fourth quarter. EMC Capital Management now owns 22,607 shares of the bank’s stock worth $436,000 after purchasing an additional 13,607 shares in the last quarter. Finally, Coston McIsaac & Partners raised its holdings in Fulton Financial by 231.8% during the fourth quarter. Coston McIsaac & Partners now owns 9,887 shares of the bank’s stock worth $190,000 after purchasing an additional 6,907 shares in the last quarter. 72.02% of the stock is owned by institutional investors and hedge funds.

Fulton Financial Stock Down 0.5 %

FULT stock opened at $20.54 on Friday. Fulton Financial Co. has a one year low of $13.87 and a one year high of $22.49. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.90 and a current ratio of 0.90. The company has a fifty day moving average of $20.20 and a 200-day moving average of $19.31. The stock has a market capitalization of $3.74 billion, a PE ratio of 13.08 and a beta of 0.79.

Fulton Financial (NASDAQ:FULT) last posted its quarterly earnings results on Tuesday, January 21st. The bank reported $0.48 EPS for the quarter, beating the consensus estimate of $0.42 by $0.06. Fulton Financial had a return on equity of 11.41% and a net margin of 15.87%. During the same period in the previous year, the company posted $0.42 earnings per share. As a group, analysts expect that Fulton Financial Co. will post 1.91 EPS for the current year.

Fulton Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.51%. This is an increase from Fulton Financial’s previous quarterly dividend of $0.17. The ex-dividend date was Tuesday, December 31st. Fulton Financial’s dividend payout ratio (DPR) is presently 45.86%.

Wall Street Analyst Weigh In

Several brokerages recently commented on FULT. StockNews.com upgraded shares of Fulton Financial from a “sell” rating to a “hold” rating in a research note on Thursday, January 23rd. Hovde Group raised their price target on Fulton Financial from $22.00 to $22.50 and gave the stock a “market perform” rating in a research note on Monday, January 27th. Keefe, Bruyette & Woods lifted their price target on Fulton Financial from $23.00 to $24.00 and gave the stock a “market perform” rating in a research report on Thursday, January 23rd. DA Davidson raised their target price on shares of Fulton Financial from $21.00 to $22.00 and gave the stock a “neutral” rating in a research report on Friday, January 24th. Finally, Stephens raised shares of Fulton Financial from an “equal weight” rating to an “overweight” rating in a report on Monday, December 9th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $20.64.

Insider Activity

In other Fulton Financial news, President Angela M. Snyder sold 13,322 shares of the stock in a transaction on Monday, January 27th. The stock was sold at an average price of $20.69, for a total transaction of $275,632.18. Following the sale, the president now owns 63,682 shares in the company, valued at approximately $1,317,580.58. This represents a 17.30 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Curtis J. Myers sold 24,192 shares of the stock in a transaction on Friday, December 6th. The shares were sold at an average price of $21.16, for a total value of $511,902.72. Following the sale, the chief executive officer now owns 155,946 shares in the company, valued at approximately $3,299,817.36. This trade represents a 13.43 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.07% of the company’s stock.

About Fulton Financial

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.