Key Points
- Director Lisa Crutchfield sold 4,100 Fulton Financial shares at an average price of $24.80, generating $101,680 and reducing her holdings by 34.34% to 7,838 shares.
- Fulton Financial stock opened at $24.40, near its one-year high of $25.23, while the company maintains a 3.1% dividend yield based on its $0.19 quarterly payout.
- Analyst sentiment remains mixed, with two Buy and four Hold ratings; the consensus rating is Hold and the average price target is $24.75.
Fulton Financial Corporation (NASDAQ:FULT - Get Free Report) Director Lisa Crutchfield sold 4,100 shares of the stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $24.80, for a total value of $101,680.00. Following the transaction, the director owned 7,838 shares of the company's stock, valued at approximately $194,382.40. This trade represents a 34.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Fulton Financial Stock Performance
FULT opened at $24.40 on Friday. The business's 50-day moving average price is $23.69 and its two-hundred day moving average price is $21.98. Fulton Financial Corporation has a 1 year low of $16.60 and a 1 year high of $25.23. The company has a market capitalization of $4.66 billion, a price-to-earnings ratio of 11.67 and a beta of 0.79. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.90 and a quick ratio of 0.90.
Fulton Financial Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $0.76 dividend on an annualized basis and a yield of 3.1%. Fulton Financial's dividend payout ratio is 36.36%.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on FULT shares. Wall Street Zen upgraded shares of Fulton Financial from a "sell" rating to a "hold" rating in a research note on Saturday, July 25th. Piper Sandler reissued a "neutral" rating and set a $27.00 price target (up from $23.00) on shares of Fulton Financial in a research report on Monday. DA Davidson upped their price objective on Fulton Financial from $24.00 to $25.00 and gave the company a "neutral" rating in a research note on Friday, July 24th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Fulton Financial in a research report on Wednesday, July 29th. Finally, Raymond James Financial lifted their target price on Fulton Financial from $24.00 to $26.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 1st. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $24.75.
Read Our Latest Stock Analysis on FULT
Institutional Trading of Fulton Financial
A number of hedge funds have recently modified their holdings of the stock. Kestra Advisory Services LLC bought a new position in Fulton Financial in the 4th quarter valued at about $25,000. Root Financial Partners LLC boosted its holdings in shares of Fulton Financial by 89.9% during the first quarter. Root Financial Partners LLC now owns 1,282 shares of the bank's stock worth $26,000 after acquiring an additional 607 shares during the period. Eurizon Capital SGR S.p.A. bought a new stake in shares of Fulton Financial during the fourth quarter worth approximately $27,000. Torren Management LLC acquired a new position in shares of Fulton Financial in the fourth quarter valued at approximately $28,000. Finally, V Square Quantitative Management LLC acquired a new position in shares of Fulton Financial in the fourth quarter valued at approximately $28,000. Institutional investors and hedge funds own 72.02% of the company's stock.
Fulton Financial Company Profile
(
Get Free Report)
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.
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