Dimensional Fund Advisors LP Buys 87,813 Shares of Fulton Financial Corporation $FULT

Dimensional Fund Advisors LP lifted its position in Fulton Financial Corporation (NASDAQ:FULT) by 0.8% in the 1st quarter, HoldingsChannel.com reports. The fund owned 11,177,001 shares of the bank’s stock after acquiring an additional 87,813 shares during the quarter. Dimensional Fund Advisors LP owned about 0.06% of Fulton Financial worth $227,333,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in FULT. Root Financial Partners LLC boosted its holdings in Fulton Financial by 89.9% during the first quarter. Root Financial Partners LLC now owns 1,282 shares of the bank’s stock worth $26,000 after purchasing an additional 607 shares during the last quarter. Kestra Advisory Services LLC purchased a new stake in Fulton Financial in the 4th quarter valued at about $25,000. Eurizon Capital SGR S.p.A. purchased a new stake in Fulton Financial in the 4th quarter valued at about $27,000. Torren Management LLC bought a new position in shares of Fulton Financial during the 4th quarter worth approximately $28,000. Finally, V Square Quantitative Management LLC bought a new position in shares of Fulton Financial during the 4th quarter worth approximately $28,000. Hedge funds and other institutional investors own 72.02% of the company’s stock.

Insider Transactions at Fulton Financial

In other Fulton Financial news, Director E Philip Wenger sold 5,000 shares of the business’s stock in a transaction 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 sale, the director directly owned 75,477 shares in the company, valued at $1,822,014.78. The trade was a 6.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.01% of the stock is owned by corporate insiders.

Fulton Financial News Summary

Here are the key news stories impacting Fulton Financial this week:

• Positive Sentiment: Fulton Financial beat Q2 estimates, reporting adjusted EPS of $0.60 versus the $0.53 consensus and revenue of $363.56 million versus $358.83 million expected, signaling solid operating performance. Fulton Financial earnings report and transcript
• Positive Sentiment: Management said acquisition benefits are helping lift earnings, and the company forecast 2026 net interest income of $1.12 billion to $1.135 billion while it integrates Blue Foundry, suggesting continued growth potential. Seeking Alpha forecast article
• Neutral Sentiment: In the company’s earnings call and transcript, Fulton Financial highlighted Q2 results and integration progress, but no major new guidance changes beyond the net interest income outlook were disclosed. TipRanks earnings call summary
• Neutral Sentiment: Reported net income available to common shareholders was $99.9 million, or $0.52 per diluted share, up modestly from Q1, reinforcing steady but not dramatic earnings growth. PR Newswire Q2 results

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on FULT shares. Raymond James Financial upped their target price on Fulton Financial from $24.00 to $26.00 and gave the company an “outperform” rating in a report on Wednesday, July 1st. Wall Street Zen cut Fulton Financial from a “hold” rating to a “sell” rating in a research report on Sunday, May 3rd. Weiss Ratings upgraded Fulton Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 1st. Finally, Piper Sandler set a $23.00 target price on Fulton Financial and gave the stock a “neutral” rating in a research note on Friday, June 12th. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $23.50.

Fulton Financial Stock Down 0.7%

FULT opened at $24.26 on Friday. Fulton Financial Corporation has a twelve month low of $16.60 and a twelve month high of $25.23. The company’s 50-day moving average price is $23.05 and its two-hundred day moving average price is $21.65. The stock has a market cap of $4.64 billion, a price-to-earnings ratio of 11.61 and a beta of 0.79. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.06.

Fulton Financial (NASDAQ:FULT) last issued its quarterly earnings results on Wednesday, July 22nd. The bank reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.07. The company had revenue of $363.56 million during the quarter, compared to analyst estimates of $358.83 million. Fulton Financial had a net margin of 20.63% and a return on equity of 13.01%. During the same quarter last year, the business posted $0.55 EPS. Fulton Financial’s quarterly revenue was up 12.2% compared to the same quarter last year. As a group, equities analysts expect that Fulton Financial Corporation will post 2.18 earnings per share for the current year.

Fulton Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Wednesday, July 1st. Fulton Financial’s dividend payout ratio (DPR) is currently 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.