Swiss National Bank Acquires 7,300 Shares of Fulton Financial Co. (NASDAQ:FULT)

Swiss National Bank grew its holdings in Fulton Financial Co. (NASDAQ:FULTGet Rating) by 1.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 388,700 shares of the bank’s stock after acquiring an additional 7,300 shares during the quarter. Swiss National Bank’s holdings in Fulton Financial were worth $5,617,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of FULT. Comerica Bank boosted its position in shares of Fulton Financial by 3.2% in the first quarter. Comerica Bank now owns 76,990 shares of the bank’s stock valued at $1,263,000 after acquiring an additional 2,405 shares during the period. SG Americas Securities LLC lifted its position in Fulton Financial by 430.4% in the first quarter. SG Americas Securities LLC now owns 74,623 shares of the bank’s stock worth $1,240,000 after purchasing an additional 60,553 shares during the period. Mutual of America Capital Management LLC lifted its position in Fulton Financial by 1.9% in the first quarter. Mutual of America Capital Management LLC now owns 147,109 shares of the bank’s stock worth $2,445,000 after purchasing an additional 2,792 shares during the period. Versor Investments LP lifted its position in Fulton Financial by 28.0% in the first quarter. Versor Investments LP now owns 43,800 shares of the bank’s stock worth $728,000 after purchasing an additional 9,592 shares during the period. Finally, Envestnet Asset Management Inc. lifted its position in Fulton Financial by 56.5% in the first quarter. Envestnet Asset Management Inc. now owns 37,245 shares of the bank’s stock worth $619,000 after purchasing an additional 13,449 shares during the period. 64.90% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Angela M. Snyder sold 4,818 shares of the firm’s stock in a transaction on Monday, October 31st. The stock was sold at an average price of $18.23, for a total value of $87,832.14. Following the completion of the sale, the executive vice president now directly owns 33,246 shares in the company, valued at $606,074.58. The sale was disclosed in a filing with the SEC, which is accessible through this link. 1.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on FULT. DA Davidson reiterated a “neutral” rating on shares of Fulton Financial in a research note on Wednesday, July 27th. StockNews.com began coverage on Fulton Financial in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Finally, Piper Sandler increased their price objective on Fulton Financial to $20.00 in a research note on Wednesday, October 5th.

Fulton Financial Stock Performance

Shares of NASDAQ:FULT opened at $18.45 on Thursday. Fulton Financial Co. has a twelve month low of $13.72 and a twelve month high of $19.17. The firm has a market cap of $3.09 billion, a PE ratio of 11.75 and a beta of 0.80. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.89 and a current ratio of 0.89. The business has a fifty day moving average of $17.33 and a 200-day moving average of $16.24.

Fulton Financial Cuts Dividend

The firm also recently announced a None dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be paid a $0.06 dividend. The ex-dividend date is Wednesday, November 30th. Fulton Financial’s dividend payout ratio (DPR) is presently 38.22%.

Fulton Financial Profile

(Get Rating)

Fulton Financial Corporation operates as a financial holding company that provides consumer and commercial banking products and services. It accepts various checking accounts and savings deposit products, certificates of deposit, and individual retirement accounts. The company also offers secured consumer loans, including home equity loans and lines of credit, automobile loans, personal lines of credit, and checking account overdraft protection; construction and jumbo residential mortgage loans; and commercial lending products comprising commercial real estate, commercial and industrial, and construction loans, as well as equipment lease financing loans.

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Institutional Ownership by Quarter for Fulton Financial (NASDAQ:FULT)

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