Fulton Financial (NASDAQ:FULT) Director Sells $101,680.00 in Stock

Fulton Financial Corporation (NASDAQ:FULT) Director Lisa Crutchfield sold 4,100 shares of Fulton Financial stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $24.80, for a total value of $101,680.00. Following the sale, the director directly owned 7,838 shares in the company, valued at approximately $194,382.40. This trade represents a 34.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Fulton Financial Stock Performance

Shares of FULT stock opened at $24.24 on Friday. Fulton Financial Corporation has a 12-month low of $16.60 and a 12-month high of $25.23. The firm has a market capitalization of $4.63 billion, a price-to-earnings ratio of 11.60 and a beta of 0.79. The business has a 50 day simple moving average of $23.74 and a 200 day simple moving average of $22.00. 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 firm 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. This represents a $0.76 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Wednesday, July 1st. Fulton Financial’s payout ratio is 36.36%.

Analysts Set New Price Targets

A number of brokerages have recently commented on FULT. Piper Sandler reissued a “neutral” rating and set a $27.00 price target (up from $23.00) on shares of Fulton Financial in a report on Monday, August 3rd. Raymond James Financial increased their target price on shares of Fulton Financial from $24.00 to $26.00 and gave the company an “outperform” rating in a research report on Wednesday, July 1st. Wall Street Zen raised shares of Fulton Financial from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Weiss Ratings restated a “buy (b)” rating on shares of Fulton Financial in a research report on Wednesday, July 29th. Finally, DA Davidson upped their price target on shares of Fulton Financial from $24.00 to $25.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $24.75.

Hedge Funds Weigh In On Fulton Financial

Several hedge funds have recently modified their holdings of FULT. Keybank National Association OH raised its position in Fulton Financial by 1.5% in the first quarter. Keybank National Association OH now owns 32,887 shares of the bank’s stock worth $669,000 after acquiring an additional 485 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of Fulton Financial by 2.6% in the 1st quarter. Cetera Investment Advisers now owns 21,829 shares of the bank’s stock worth $444,000 after purchasing an additional 557 shares in the last quarter. State of Wyoming raised its holdings in shares of Fulton Financial by 13.4% in the 1st quarter. State of Wyoming now owns 4,829 shares of the bank’s stock worth $98,000 after purchasing an additional 570 shares in the last quarter. Root Financial Partners LLC lifted its stake in Fulton Financial by 89.9% during the first 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 last quarter. Finally, State of Alaska Department of Revenue lifted its stake in Fulton Financial by 0.7% during the fourth quarter. State of Alaska Department of Revenue now owns 99,907 shares of the bank’s stock valued at $1,930,000 after purchasing an additional 678 shares during the last quarter. 72.02% of the stock is currently owned by institutional investors and hedge funds.

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.