14,482 Shares in Fulton Financial Co. (NASDAQ:FULT) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new position in shares of Fulton Financial Co. (NASDAQ:FULT) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 14,482 shares of the bank’s stock, valued at approximately $279,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Nordea Investment Management AB grew its stake in shares of Fulton Financial by 6.5% in the fourth quarter. Nordea Investment Management AB now owns 567,790 shares of the bank’s stock worth $11,007,000 after purchasing an additional 34,844 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Fulton Financial by 130.4% in the third quarter. JPMorgan Chase & Co. now owns 557,303 shares of the bank’s stock worth $10,104,000 after purchasing an additional 315,435 shares in the last quarter. EMC Capital Management grew its stake in shares of Fulton Financial by 151.2% in 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. Allworth Financial LP grew its stake in shares of Fulton Financial by 1,255.1% in the fourth quarter. Allworth Financial LP now owns 20,381 shares of the bank’s stock worth $420,000 after purchasing an additional 18,877 shares in the last quarter. Finally, Apollon Wealth Management LLC bought a new position in shares of Fulton Financial in the fourth quarter worth $329,000. 72.02% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Fulton Financial Trading Down 1.2 %

Shares of NASDAQ FULT opened at $17.24 on Wednesday. Fulton Financial Co. has a 12 month low of $13.87 and a 12 month high of $22.49. The company has a market cap of $3.14 billion, a price-to-earnings ratio of 10.98 and a beta of 0.76. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.32. The business has a fifty day simple moving average of $19.92 and a 200-day simple moving average of $19.49.

Fulton Financial (NASDAQ:FULT) last announced its quarterly earnings data on Tuesday, January 21st. The bank reported $0.48 earnings per share (EPS) for the quarter, topping 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 prior year, the company posted $0.42 earnings per share. Sell-side analysts predict that Fulton Financial Co. will post 1.91 EPS for the current year.

Fulton Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $0.18 dividend. This is an increase from Fulton Financial’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a yield of 4.18%. The ex-dividend date of this dividend was Tuesday, December 31st. Fulton Financial’s dividend payout ratio is currently 45.86%.

Insider Buying and Selling

In related news, President Angela M. Snyder sold 13,322 shares of the stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $20.69, for a total value of $275,632.18. Following the completion of the sale, the president now directly owns 63,682 shares of the company’s stock, valued at approximately $1,317,580.58. This represents a 17.30 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.07% of the company’s stock.

Fulton Financial Company 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.