DGS Capital Management LLC Acquires New Shares in Fulton Financial Corporation $FULT

DGS Capital Management LLC bought a new position in Fulton Financial Corporation (NASDAQ:FULT) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 24,405 shares of the bank’s stock, valued at approximately $472,000.

Other large investors have also recently bought and sold shares of the company. Kestra Advisory Services LLC bought a new position in Fulton Financial in the 4th quarter valued at approximately $25,000. Eurizon Capital SGR S.p.A. bought a new stake in Fulton Financial during the 4th quarter worth approximately $27,000. V Square Quantitative Management LLC acquired a new position in Fulton Financial in the 4th quarter valued at approximately $28,000. Torren Management LLC acquired a new position in Fulton Financial in the 4th quarter valued at approximately $28,000. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Fulton Financial by 373.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,662 shares of the bank’s stock valued at $30,000 after acquiring an additional 1,311 shares during the last quarter. 72.02% of the stock is currently owned by institutional investors.

Fulton Financial Price Performance

Shares of NASDAQ FULT opened at $22.90 on Friday. Fulton Financial Corporation has a twelve month low of $16.60 and a twelve month high of $23.66. The firm has a fifty day simple moving average of $21.78 and a 200 day simple moving average of $20.86. The company has a market capitalization of $4.38 billion, a PE ratio of 10.90 and a beta of 0.80. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.06.

Fulton Financial (NASDAQ:FULT) last announced its quarterly earnings results on Wednesday, April 22nd. The bank reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. Fulton Financial had a net margin of 20.85% and a return on equity of 12.69%. The business had revenue of $331.86 million during the quarter, compared to analyst estimates of $359.36 million. During the same quarter in the previous year, the business posted $0.52 EPS. On average, sell-side analysts forecast that Fulton Financial Corporation will post 2.18 EPS for the current year.

Fulton Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Wednesday, July 1st. Fulton Financial’s dividend payout ratio (DPR) is currently 36.19%.

Analysts Set New Price Targets

Several analysts recently weighed in on FULT shares. Raymond James Financial reissued an “outperform” rating and issued a $24.00 price objective on shares of Fulton Financial in a research note on Monday, April 27th. DA Davidson began coverage on Fulton Financial in a report on Wednesday, February 25th. They set a “neutral” rating and a $24.00 target price on the stock. Weiss Ratings upgraded Fulton Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 1st. Wall Street Zen cut Fulton Financial from a “hold” rating to a “sell” rating in a research note on Sunday, May 3rd. Finally, Piper Sandler set a $23.00 price objective on Fulton Financial and gave the stock a “neutral” rating in a research report on Friday, June 12th. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Fulton Financial presently has an average rating of “Hold” and an average target price of $23.00.

Insider Buying and Selling

In related news, Director E Philip Wenger sold 5,000 shares of Fulton Financial stock in a transaction on Monday, April 13th. The shares were sold at an average price of $21.42, for a total value of $107,100.00. Following the transaction, the director directly owned 80,477 shares of the company’s stock, valued at $1,723,817.34. The trade was a 5.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.01% of the stock is owned by insiders.

Fulton Financial Profile

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.