Capital Fund Management S.A. acquired a new stake in Fulton Financial Corp (NASDAQ:FULT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 20,900 shares of the bank’s stock, valued at approximately $374,000.
Other hedge funds also recently modified their holdings of the company. FDx Advisors Inc. acquired a new position in Fulton Financial in the 3rd quarter worth about $192,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Fulton Financial by 46.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,306 shares of the bank’s stock worth $202,000 after purchasing an additional 3,585 shares during the period. Public Employees Retirement System of Ohio raised its holdings in Fulton Financial by 4.9% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 11,644 shares of the bank’s stock worth $221,000 after purchasing an additional 539 shares during the period. Tower Bridge Advisors acquired a new position in Fulton Financial in the 4th quarter worth about $219,000. Finally, Crossmark Global Holdings Inc. acquired a new position in Fulton Financial in the 3rd quarter worth about $266,000. 62.58% of the stock is owned by institutional investors and hedge funds.
FULT has been the subject of a number of analyst reports. BidaskClub raised Fulton Financial from a “sell” rating to a “hold” rating in a report on Friday, February 9th. Zacks Investment Research cut Fulton Financial from a “buy” rating to a “hold” rating in a report on Tuesday, February 13th. Finally, Barclays upped their price target on Fulton Financial from $18.00 to $19.00 and gave the stock an “underweight” rating in a report on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $18.80.
Fulton Financial Corp (NASDAQ:FULT) opened at $19.45 on Monday. Fulton Financial Corp has a fifty-two week low of $16.45 and a fifty-two week high of $19.90. The company has a market capitalization of $3,409.37, a P/E ratio of 19.85 and a beta of 1.02. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.47.
Fulton Financial (NASDAQ:FULT) last announced its earnings results on Monday, January 22nd. The bank reported $0.28 EPS for the quarter, meeting analysts’ consensus estimates of $0.28. Fulton Financial had a return on equity of 8.51% and a net margin of 19.59%. The business had revenue of $206.37 million during the quarter, compared to analysts’ expectations of $201.30 million. During the same quarter in the prior year, the firm earned $0.24 earnings per share. The business’s revenue was up 11.6% compared to the same quarter last year. equities research analysts expect that Fulton Financial Corp will post 1.25 EPS for the current fiscal year.
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About Fulton Financial
Fulton Financial Corporation is a financial holding company. The Company is the bank holding company of Fulton Bank N.A. (the Bank). As of December 31, 2016, the Company’s six subsidiary banks were located primarily in suburban or semi-rural geographic markets throughout a five-state region (Pennsylvania, Delaware, Maryland, New Jersey and Virginia).
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