Media headlines about Fulton Financial (NASDAQ:FULT) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Fulton Financial earned a media sentiment score of 0.08 on Accern’s scale. Accern also assigned news stories about the bank an impact score of 46.7001930821451 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:
- Brokerages Expect Fulton Financial Corporation (FULT) Will Post Quarterly Sales of $205.68 Million (americanbankingnews.com)
- ETFs with exposure to Fulton Financial Corp. : November 27, 2017 (finance.yahoo.com)
- Zacks: Analysts Expect Fulton Financial Corporation (FULT) to Announce $0.28 EPS (americanbankingnews.com)
- Fulton Financial Corporation (FULT) Receives Average Recommendation of “Hold” from Analysts (americanbankingnews.com)
Shares of Fulton Financial (NASDAQ FULT) traded up $0.65 during trading on Wednesday, hitting $19.30. The stock had a trading volume of 959,600 shares, compared to its average volume of 847,373. Fulton Financial has a fifty-two week low of $16.45 and a fifty-two week high of $19.90. The stock has a market capitalization of $3,143.44, a P/E ratio of 17.43 and a beta of 1.16. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.47.
Fulton Financial (NASDAQ:FULT) last announced its quarterly earnings data on Tuesday, October 17th. The bank reported $0.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.01. Fulton Financial had a return on equity of 8.28% and a net margin of 21.15%. The business had revenue of $194.19 million for the quarter, compared to the consensus estimate of $200.00 million. During the same period in the previous year, the business earned $0.24 earnings per share. The business’s revenue was up 8.7% on a year-over-year basis. analysts forecast that Fulton Financial will post 1.05 earnings per share for the current year.
The firm also recently disclosed a special dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a $0.03 dividend. This represents a dividend yield of 2.42%. This is an increase from Fulton Financial’s previous special dividend of $0.02. The ex-dividend date of this dividend is Thursday, November 30th. Fulton Financial’s payout ratio is presently 42.72%.
FULT has been the subject of several research analyst reports. Zacks Investment Research raised Fulton Financial from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a report on Wednesday, September 20th. ValuEngine raised Fulton Financial from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Piper Jaffray Companies reissued a “hold” rating and set a $18.00 price target on shares of Fulton Financial in a report on Thursday, October 19th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $17.00 price target on shares of Fulton Financial in a report on Thursday, October 19th. Finally, Jefferies Group reissued a “hold” rating and set a $20.00 price target on shares of Fulton Financial in a report on Friday, September 15th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. Fulton Financial currently has an average rating of “Hold” and an average price target of $18.60.
About Fulton Financial
Fulton Financial Corporation is a financial holding company. The Company is the bank holding company of Fulton Bank N.A. (the Bank). As of December 31, 2016, the Company’s six subsidiary banks were located primarily in suburban or semi-rural geographic markets throughout a five-state region (Pennsylvania, Delaware, Maryland, New Jersey and Virginia).
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