Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Fulton Financial Corp (NASDAQ:FULT) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 148,180 shares of the bank’s stock, valued at approximately $2,653,000.
Several other institutional investors also recently modified their holdings of FULT. BlackRock Inc. boosted its stake in Fulton Financial by 2.2% in the fourth quarter. BlackRock Inc. now owns 18,973,800 shares of the bank’s stock valued at $339,632,000 after acquiring an additional 415,507 shares during the last quarter. Fulton Bank N.A. boosted its stake in Fulton Financial by 0.3% in the fourth quarter. Fulton Bank N.A. now owns 1,862,155 shares of the bank’s stock valued at $33,333,000 after acquiring an additional 6,000 shares during the last quarter. Palisade Capital Management LLC NJ boosted its stake in Fulton Financial by 1.9% in the third quarter. Palisade Capital Management LLC NJ now owns 1,249,759 shares of the bank’s stock valued at $23,433,000 after acquiring an additional 23,103 shares during the last quarter. Dalton Greiner Hartman Maher & Co. boosted its stake in Fulton Financial by 3.4% in the fourth quarter. Dalton Greiner Hartman Maher & Co. now owns 1,209,098 shares of the bank’s stock valued at $21,643,000 after acquiring an additional 40,242 shares during the last quarter. Finally, Citadel Advisors LLC boosted its stake in Fulton Financial by 67.2% in the third quarter. Citadel Advisors LLC now owns 1,198,412 shares of the bank’s stock valued at $22,471,000 after acquiring an additional 481,665 shares during the last quarter. 62.22% of the stock is owned by institutional investors and hedge funds.
FULT has been the topic of a number of recent research reports. Barclays raised their price objective on shares of Fulton Financial from $18.00 to $19.00 and gave the company an “underweight” rating in a research note on Tuesday, January 2nd. BidaskClub cut shares of Fulton Financial from a “hold” rating to a “sell” rating in a research note on Saturday, December 9th. Finally, Zacks Investment Research raised shares of Fulton Financial from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research note on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $18.80.
Fulton Financial Corp (NASDAQ FULT) opened at $18.45 on Friday. The firm has a market cap of $3,230.00, a price-to-earnings ratio of 18.83 and a beta of 1.05. Fulton Financial Corp has a 52-week low of $16.45 and a 52-week high of $19.90. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.47.
Fulton Financial (NASDAQ:FULT) last announced its quarterly earnings results on Monday, January 22nd. The bank reported $0.28 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.28. The company had revenue of $206.37 million for the quarter, compared to analysts’ expectations of $201.30 million. Fulton Financial had a net margin of 19.59% and a return on equity of 8.51%. The business’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period last year, the firm posted $0.24 earnings per share. research analysts anticipate that Fulton Financial Corp will post 1.25 EPS for the current year.
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Fulton Financial Company Profile
Fulton Financial Corporation is a financial holding company. The Company is the bank holding company of Fulton Bank N.A. (the Bank). As of December 31, 2016, the Company’s six subsidiary banks were located primarily in suburban or semi-rural geographic markets throughout a five-state region (Pennsylvania, Delaware, Maryland, New Jersey and Virginia).
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