25,649 Shares in Fulton Financial Co. (NASDAQ:FULT) Acquired by Orrstown Financial Services Inc.

Orrstown Financial Services Inc. purchased a new position in shares of Fulton Financial Co. (NASDAQ:FULT) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 25,649 shares of the bank’s stock, valued at approximately $465,000.

A number of other large investors also recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC grew its stake in shares of Fulton Financial by 11.7% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 32,015 shares of the bank’s stock valued at $580,000 after buying an additional 3,345 shares during the period. Cullinan Associates Inc. acquired a new position in Fulton Financial in the third quarter valued at $237,000. Coston McIsaac & Partners purchased a new stake in Fulton Financial during the third quarter valued at about $54,000. Private Advisor Group LLC increased its stake in Fulton Financial by 7.6% during the third quarter. Private Advisor Group LLC now owns 32,656 shares of the bank’s stock worth $592,000 after acquiring an additional 2,303 shares during the last quarter. Finally, Stewardship Advisors LLC purchased a new position in shares of Fulton Financial in the 3rd quarter worth about $318,000. Hedge funds and other institutional investors own 72.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Piper Sandler set a $21.00 target price on shares of Fulton Financial in a research report on Thursday, October 17th. Jefferies Financial Group decreased their price objective on shares of Fulton Financial from $18.50 to $18.00 and set a “hold” rating for the company in a research note on Wednesday, July 3rd. Finally, StockNews.com raised shares of Fulton Financial from a “sell” rating to a “hold” rating in a research note on Thursday, July 18th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Fulton Financial has a consensus rating of “Hold” and a consensus target price of $18.83.

Fulton Financial Stock Up 3.9 %

NASDAQ FULT opened at $18.17 on Tuesday. The stock has a market cap of $3.30 billion, a PE ratio of 11.29 and a beta of 0.73. The business has a 50 day moving average price of $18.12 and a two-hundred day moving average price of $17.41. Fulton Financial Co. has a fifty-two week low of $12.52 and a fifty-two week high of $20.33. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.26.

Fulton Financial (NASDAQ:FULT) last announced its earnings results on Tuesday, October 15th. The bank reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.06. Fulton Financial had a net margin of 16.37% and a return on equity of 11.14%. The business had revenue of $487.33 million during the quarter, compared to the consensus estimate of $321.00 million. During the same period in the prior year, the firm earned $0.43 earnings per share. As a group, sell-side analysts predict that Fulton Financial Co. will post 1.75 EPS for the current fiscal year.

Fulton Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date of this dividend was Tuesday, October 1st. Fulton Financial’s payout ratio is 42.24%.

Fulton Financial 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.