New Age Alpha Advisors LLC Has $4.71 Million Position in Fulton Financial Corporation $FULT

New Age Alpha Advisors LLC raised its holdings in Fulton Financial Corporation (NASDAQ:FULT) by 17.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 243,868 shares of the bank’s stock after buying an additional 36,967 shares during the period. New Age Alpha Advisors LLC owned 0.14% of Fulton Financial worth $4,714,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Torren Management LLC acquired a new position in shares of Fulton Financial during the 4th quarter worth about $28,000. V Square Quantitative Management LLC acquired a new position in shares of Fulton Financial during the 4th quarter worth about $28,000. EverSource Wealth Advisors LLC increased its stake in shares of Fulton Financial by 373.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,662 shares of the bank’s stock worth $30,000 after purchasing an additional 1,311 shares during the last quarter. State of Wyoming acquired a new position in shares of Fulton Financial during the 2nd quarter worth about $30,000. Finally, Parallel Advisors LLC increased its stake in shares of Fulton Financial by 69.0% during the 3rd quarter. Parallel Advisors LLC now owns 1,903 shares of the bank’s stock worth $35,000 after purchasing an additional 777 shares during the last quarter. 72.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director E Philip Wenger sold 5,000 shares of the company’s stock in a transaction dated Monday, April 13th. The shares were sold at an average price of $21.42, for a total value of $107,100.00. Following the transaction, the director owned 80,477 shares in the company, valued at approximately $1,723,817.34. This represents a 5.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. DA Davidson assumed coverage on shares of Fulton Financial in a research note on Wednesday, February 25th. They set a “neutral” rating and a $24.00 price objective on the stock. Raymond James Financial restated an “outperform” rating and set a $24.00 price objective on shares of Fulton Financial in a research note on Monday, April 27th. Wall Street Zen lowered shares of Fulton Financial from a “hold” rating to a “sell” rating in a research note on Sunday, May 3rd. Finally, Weiss Ratings upgraded shares of Fulton Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 1st. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Fulton Financial presently has an average rating of “Hold” and an average price target of $23.00.

Fulton Financial Price Performance

Shares of FULT opened at $21.44 on Tuesday. Fulton Financial Corporation has a 52 week low of $16.60 and a 52 week high of $22.99. The firm has a market cap of $4.10 billion, a P/E ratio of 10.21 and a beta of 0.81. The firm’s 50-day simple moving average is $20.95 and its 200 day simple moving average is $20.28. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.90 and a current ratio of 0.90.

Fulton Financial (NASDAQ:FULT) last announced its quarterly earnings results on Wednesday, April 22nd. The bank reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. Fulton Financial had a net margin of 20.85% and a return on equity of 12.69%. The business had revenue of $331.86 million for the quarter, compared to analyst estimates of $359.36 million. During the same quarter in the prior year, the business earned $0.52 EPS. On average, analysts forecast that Fulton Financial Corporation will post 2.17 earnings per share for the current year.

Fulton Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Wednesday, April 1st were paid a $0.19 dividend. The ex-dividend date was Wednesday, April 1st. This represents a $0.76 dividend on an annualized basis and a yield of 3.5%. Fulton Financial’s dividend payout ratio is 36.19%.

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.