1,969 Shares in Fulton Financial Co. (NASDAQ:FULT) Purchased by Disciplined Equity Management Inc.

Disciplined Equity Management Inc. bought a new stake in Fulton Financial Co. (NASDAQ:FULT) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,969 shares of the bank’s stock, valued at approximately $32,000.

A number of other large investors have also recently bought and sold shares of FULT. Morton Brown Family Wealth LLC acquired a new position in shares of Fulton Financial during the 4th quarter worth about $26,000. Blue Trust Inc. boosted its position in Fulton Financial by 82.8% during the fourth quarter. Blue Trust Inc. now owns 1,724 shares of the bank’s stock valued at $28,000 after purchasing an additional 781 shares during the last quarter. Strs Ohio bought a new position in Fulton Financial in the fourth quarter valued at approximately $29,000. First Command Advisory Services Inc. acquired a new position in shares of Fulton Financial during the 3rd quarter worth approximately $38,000. Finally, Blue Bell Private Wealth Management LLC raised its stake in shares of Fulton Financial by 81.0% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 4,881 shares of the bank’s stock worth $59,000 after purchasing an additional 2,184 shares in the last quarter. Institutional investors and hedge funds own 72.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods boosted their target price on shares of Fulton Financial from $16.00 to $17.00 and gave the stock a “market perform” rating in a report on Thursday, January 18th. Jefferies Financial Group dropped their target price on shares of Fulton Financial from $17.00 to $16.00 and set a “hold” rating on the stock in a report on Monday, April 8th. StockNews.com upgraded Fulton Financial from a “sell” rating to a “hold” rating in a report on Wednesday, March 13th. Finally, Stephens dropped their price objective on Fulton Financial from $16.00 to $15.50 and set an “equal weight” rating on the stock in a research note on Thursday, April 18th. Four analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $16.17.

Fulton Financial Stock Performance

Shares of NASDAQ:FULT traded up $0.18 on Wednesday, hitting $15.52. The company had a trading volume of 841,776 shares, compared to its average volume of 1,115,291. The stock has a 50 day moving average price of $15.31 and a 200 day moving average price of $14.99. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.43. The stock has a market cap of $2.51 billion, a price-to-earnings ratio of 9.64 and a beta of 0.81. Fulton Financial Co. has a 1-year low of $9.64 and a 1-year high of $17.06.

Fulton Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 1st were issued a $0.17 dividend. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $0.68 annualized dividend and a yield of 4.38%. Fulton Financial’s dividend payout ratio is currently 42.24%.

Fulton Financial Company Profile

Fulton Financial Corporation operates as a financial holding company that provides consumer and commercial banking products and services in Pennsylvania, Delaware, Maryland, New Jersey, and Virginia. It accepts various checking accounts and savings deposit products, certificates of deposit, and individual retirement accounts.