Universal Beteiligungs und Servicegesellschaft mbH Reduces Stock Position in Fulton Financial Corporation $FULT

Universal Beteiligungs und Servicegesellschaft mbH trimmed its stake in shares of Fulton Financial Corporation (NASDAQ:FULT) by 3.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 234,874 shares of the bank’s stock after selling 8,848 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.13% of Fulton Financial worth $4,237,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Atlantic Union Bankshares Corp purchased a new stake in shares of Fulton Financial in the second quarter worth $871,000. Measured Wealth Private Client Group LLC purchased a new position in Fulton Financial during the first quarter worth about $425,000. Public Sector Pension Investment Board increased its stake in Fulton Financial by 27.3% in the 1st quarter. Public Sector Pension Investment Board now owns 577,492 shares of the bank’s stock worth $10,447,000 after acquiring an additional 124,019 shares during the last quarter. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Fulton Financial in the 2nd quarter valued at about $186,000. Finally, Martingale Asset Management L P boosted its position in shares of Fulton Financial by 168.4% during the 1st quarter. Martingale Asset Management L P now owns 31,936 shares of the bank’s stock valued at $578,000 after acquiring an additional 20,036 shares during the last quarter. Institutional investors own 72.02% of the company’s stock.

Fulton Financial Price Performance

FULT stock opened at $17.96 on Friday. The stock has a market capitalization of $3.24 billion, a price-to-earnings ratio of 9.40 and a beta of 0.88. The firm’s 50-day moving average price is $18.03 and its two-hundred day moving average price is $18.24. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.37. Fulton Financial Corporation has a 12-month low of $14.32 and a 12-month high of $22.49.

Fulton Financial (NASDAQ:FULT) last posted its earnings results on Tuesday, November 8th. The bank reported $0.45 earnings per share (EPS) for the quarter. The firm had revenue of $236.96 million for the quarter. Fulton Financial had a return on equity of 12.55% and a net margin of 19.01%. As a group, equities analysts predict that Fulton Financial Corporation will post 1.91 earnings per share for the current year.

Fulton Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Wednesday, October 1st. Fulton Financial’s dividend payout ratio is 37.70%.

Insiders Place Their Bets

In other news, Director E Philip Wenger sold 5,000 shares of the stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $19.28, for a total transaction of $96,400.00. Following the sale, the director owned 90,477 shares in the company, valued at $1,744,396.56. This represents a 5.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.08% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on FULT. Keefe, Bruyette & Woods restated a “market perform” rating and set a $20.00 price objective (down previously from $22.00) on shares of Fulton Financial in a research report on Thursday, October 23rd. Raymond James Financial upgraded Fulton Financial from a “market perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a research report on Tuesday, October 7th. Weiss Ratings lowered Fulton Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday, October 25th. Finally, Zacks Research lowered Fulton Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Two equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, Fulton Financial currently has an average rating of “Hold” and an average price target of $20.70.

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.