California State Teachers Retirement System Purchases 48,227 Shares of Fulton Financial Corporation $FULT

California State Teachers Retirement System grew its position in Fulton Financial Corporation (NASDAQ:FULT) by 27.7% during the first quarter, HoldingsChannel reports. The firm owned 222,216 shares of the bank’s stock after buying an additional 48,227 shares during the period. California State Teachers Retirement System’s holdings in Fulton Financial were worth $4,520,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Kestra Advisory Services LLC bought a new stake in Fulton Financial during the fourth quarter valued at $25,000. Root Financial Partners LLC lifted its stake in shares of Fulton Financial by 89.9% in the 1st quarter. Root Financial Partners LLC now owns 1,282 shares of the bank’s stock valued at $26,000 after purchasing an additional 607 shares during the period. Eurizon Capital SGR S.p.A. bought a new stake in shares of Fulton Financial during the 4th quarter valued at about $27,000. Torren Management LLC acquired a new stake in Fulton Financial during the fourth quarter worth approximately $28,000. Finally, V Square Quantitative Management LLC acquired a new stake in Fulton Financial during the fourth quarter worth approximately $28,000. Institutional investors own 72.02% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on FULT. Weiss Ratings reissued a “buy (b)” rating on shares of Fulton Financial in a research note on Wednesday, July 29th. DA Davidson boosted their target price on shares of Fulton Financial from $24.00 to $25.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. Wall Street Zen upgraded shares of Fulton Financial from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Raymond James Financial increased their price objective on shares of Fulton Financial from $24.00 to $26.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 1st. Finally, Piper Sandler restated a “neutral” rating and issued a $27.00 target price (up from $23.00) on shares of Fulton Financial in a research note on Monday. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Fulton Financial presently has an average rating of “Hold” and a consensus price target of $24.75.

Insider Transactions at Fulton Financial

In other Fulton Financial news, Director Lisa Crutchfield sold 4,100 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $24.80, for a total transaction of $101,680.00. Following the completion of the sale, the director directly owned 7,838 shares of the company’s stock, valued at approximately $194,382.40. The trade was a 34.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director E Philip Wenger sold 5,000 shares of the stock in a transaction that occurred on Monday, July 13th. The stock was sold at an average price of $24.14, for a total value of $120,700.00. Following the completion of the sale, the director directly owned 75,477 shares of the company’s stock, valued at approximately $1,822,014.78. This trade represents a 6.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.01% of the company’s stock.

Fulton Financial Stock Performance

FULT opened at $24.24 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.06. The company’s fifty day moving average price is $23.74 and its two-hundred day moving average price is $22.00. Fulton Financial Corporation has a 1-year low of $16.60 and a 1-year high of $25.23. The company has a market cap of $4.63 billion, a price-to-earnings ratio of 11.60 and a beta of 0.79.

Fulton Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders 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 annualized dividend and a dividend yield of 3.1%. Fulton Financial’s payout ratio is presently 36.36%.

Fulton Financial Company 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.