KBC Group NV Has $164,000 Stock Position in Fulton Financial Co. (NASDAQ:FULT)

KBC Group NV increased its position in shares of Fulton Financial Co. (NASDAQ:FULT) by 69.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,517 shares of the bank’s stock after acquiring an additional 3,487 shares during the quarter. KBC Group NV’s holdings in Fulton Financial were worth $164,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Emerald Advisers LLC lifted its position in Fulton Financial by 213.6% during the 3rd quarter. Emerald Advisers LLC now owns 1,307,559 shares of the bank’s stock valued at $23,706,000 after purchasing an additional 890,630 shares during the period. Emerald Mutual Fund Advisers Trust raised its stake in shares of Fulton Financial by 272.2% during the third quarter. Emerald Mutual Fund Advisers Trust now owns 861,691 shares of the bank’s stock worth $15,622,000 after buying an additional 630,152 shares during the last quarter. State Street Corp lifted its holdings in Fulton Financial by 4.4% in the third quarter. State Street Corp now owns 10,544,159 shares of the bank’s stock valued at $191,166,000 after buying an additional 444,219 shares during the period. JPMorgan Chase & Co. boosted its stake in Fulton Financial by 130.4% in the third quarter. JPMorgan Chase & Co. now owns 557,303 shares of the bank’s stock valued at $10,104,000 after acquiring an additional 315,435 shares during the last quarter. Finally, Segall Bryant & Hamill LLC acquired a new stake in Fulton Financial during the 3rd quarter worth $3,489,000. Institutional investors own 72.02% of the company’s stock.

Insider Buying and Selling

In related news, CEO Curtis J. Myers sold 24,192 shares of the stock in a transaction on Friday, December 6th. The shares were sold at an average price of $21.16, for a total transaction of $511,902.72. Following the completion of the transaction, the chief executive officer now owns 155,946 shares in the company, valued at approximately $3,299,817.36. This represents a 13.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Angela M. Snyder sold 13,322 shares of the firm’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $20.69, for a total transaction of $275,632.18. Following the completion of the transaction, the president now directly owns 63,682 shares of the company’s stock, valued at approximately $1,317,580.58. This trade represents a 17.30 % decrease in their position. The disclosure for this sale can be found here. 1.07% of the stock is owned by corporate insiders.

Fulton Financial Price Performance

NASDAQ FULT opened at $20.59 on Thursday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.90 and a current ratio of 0.90. Fulton Financial Co. has a 52-week low of $13.87 and a 52-week high of $22.49. The business has a 50 day simple moving average of $20.30 and a 200 day simple moving average of $19.27. The stock has a market cap of $3.75 billion, a price-to-earnings ratio of 13.11 and a beta of 0.79.

Fulton Financial (NASDAQ:FULT) last issued its quarterly earnings data on Tuesday, January 21st. The bank reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.06. Fulton Financial had a net margin of 15.87% and a return on equity of 11.41%. During the same quarter last year, the business earned $0.42 EPS. Analysts anticipate that Fulton Financial Co. will post 1.89 earnings per share for the current fiscal year.

Fulton Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.18 per share. This is a boost from Fulton Financial’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a dividend yield of 3.50%. The ex-dividend date of this dividend was Tuesday, December 31st. Fulton Financial’s dividend payout ratio is currently 45.86%.

Wall Street Analyst Weigh In

FULT has been the topic of a number of analyst reports. Piper Sandler set a $21.00 price target on Fulton Financial in a research note on Thursday, October 17th. DA Davidson increased their target price on Fulton Financial from $21.00 to $22.00 and gave the company a “neutral” rating in a research note on Friday, January 24th. StockNews.com raised Fulton Financial from a “sell” rating to a “hold” rating in a research note on Thursday, January 23rd. Hovde Group lifted their price objective on shares of Fulton Financial from $22.00 to $22.50 and gave the stock a “market perform” rating in a research note on Monday, January 27th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Fulton Financial from $23.00 to $24.00 and gave the company a “market perform” rating in a research note on Thursday, January 23rd. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Fulton Financial has a consensus rating of “Hold” and an average target price of $20.64.

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.