FULT management and insiders control this baby. They have great, secure positions, financially very rewarding, with impressive board titles. Why would they want to change the status quo and put their controlling positions in jeopardy? Superficially, shareholders are rewarded with minimally increasing dividends, which by the way one financial service has questioned FULT's ability to continue to so increasing. My view which I have stated before is that FULT should be considered a dividend investment (if one is satisfied with that) and nothing more.
You are exactly right. FULT is nothing more than a moderately high yielding income stock. One should also hope for moderate capital appreciation, but nothing spectacular going forward. The years of 14 % CAGR in the stock price are gone.