Jackson Creek Investment Advisors LLC Has $1.55 Million Holdings in Fulton Financial Co. (NASDAQ:FULT)

Jackson Creek Investment Advisors LLC cut its position in shares of Fulton Financial Co. (NASDAQ:FULT) by 3.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 80,252 shares of the bank’s stock after selling 2,495 shares during the period. Jackson Creek Investment Advisors LLC’s holdings in Fulton Financial were worth $1,547,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Jones Financial Companies Lllp lifted its position in shares of Fulton Financial by 193.4% in the 4th quarter. Jones Financial Companies Lllp now owns 1,294 shares of the bank’s stock valued at $25,000 after acquiring an additional 853 shares in the last quarter. Quarry LP acquired a new stake in Fulton Financial during the 3rd quarter valued at $33,000. McClarren Financial Advisors Inc. acquired a new stake in Fulton Financial during the 4th quarter valued at $44,000. Blue Trust Inc. lifted its holdings in shares of Fulton Financial by 10.3% in the fourth quarter. Blue Trust Inc. now owns 5,455 shares of the bank’s stock valued at $99,000 after purchasing an additional 509 shares in the last quarter. Finally, TD Private Client Wealth LLC boosted its position in shares of Fulton Financial by 11.6% in the third quarter. TD Private Client Wealth LLC now owns 6,519 shares of the bank’s stock worth $118,000 after buying an additional 676 shares during the period. 72.02% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, President Angela M. Snyder sold 13,322 shares of the firm’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $20.69, for a total value of $275,632.18. Following 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.07% of the company’s stock.

Fulton Financial Trading Down 1.9 %

NASDAQ:FULT opened at $18.46 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market capitalization of $3.36 billion, a P/E ratio of 11.76 and a beta of 0.79. The stock’s 50 day moving average price is $20.05 and its 200 day moving average price is $19.50. Fulton Financial Co. has a 52 week low of $13.87 and a 52 week high of $22.49.

Fulton Financial (NASDAQ:FULT) last announced its quarterly earnings results on Tuesday, January 21st. The bank reported $0.48 EPS for the quarter, topping the consensus estimate 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 posted $0.42 EPS. On average, research analysts forecast that Fulton Financial Co. will post 1.91 EPS for the current fiscal year.

Fulton Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.18 per share. This is a positive change from Fulton Financial’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a yield of 3.90%. The ex-dividend date was Tuesday, December 31st. Fulton Financial’s dividend payout ratio (DPR) is 45.86%.

Analyst Upgrades and Downgrades

FULT has been the subject of several research analyst reports. Keefe, Bruyette & Woods increased their price objective on Fulton Financial from $23.00 to $24.00 and gave the stock a “market perform” rating in a research note on Thursday, January 23rd. DA Davidson increased their price target on shares of Fulton Financial from $21.00 to $22.00 and gave the stock a “neutral” rating in a research report on Friday, January 24th. Stephens raised shares of Fulton Financial from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 9th. StockNews.com upgraded shares of Fulton Financial from a “sell” rating to a “hold” rating in a research report on Thursday, January 23rd. Finally, Hovde Group lifted their target price on shares of Fulton Financial from $22.00 to $22.50 and gave the company a “market perform” rating in a research note on Monday, January 27th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $20.64.

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.