News headlines about Fulton Financial Corporation (NASDAQ:FULT) have been trending positive this week, Alpha One reports. The research group, a unit of Accern, identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real-time. Alpha One ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Fulton Financial Corporation earned a news impact score of 0.34 on Alpha One’s scale. Alpha One also gave news stories about the bank an impact score of 0 out of 100, indicating that recent media coverage is extremely unlikely to have an effect on the stock’s share price in the near term.
Fulton Financial Corporation (NASDAQ:FULT) remained flat at $19.05 during trading on Monday. The company’s stock had a trading volume of 590,318 shares. The firm has a market capitalization of $3.33 billion, a P/E ratio of 19.84 and a beta of 1.14. The firm has a 50-day moving average price of $18.17 and a 200-day moving average price of $18.40. Fulton Financial Corporation has a 1-year low of $12.66 and a 1-year high of $19.90.
Fulton Financial Corporation (NASDAQ:FULT) last released its quarterly earnings data on Tuesday, April 18th. The bank reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. Fulton Financial Corporation had a net margin of 20.69% and a return on equity of 7.84%. The company had revenue of $183.15 million during the quarter, compared to analysts’ expectations of $184.36 million. During the same quarter in the previous year, the company earned $0.22 earnings per share. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. On average, equities analysts expect that Fulton Financial Corporation will post $1.07 earnings per share for the current fiscal year.
FULT has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods set a $17.00 price target on Fulton Financial Corporation and gave the company a “hold” rating in a research report on Monday, April 10th. Jefferies Group LLC reaffirmed a “hold” rating and set a $20.00 price target on shares of Fulton Financial Corporation in a research report on Friday, May 5th. Barclays PLC reissued a “sell” rating and issued a $18.00 target price (up from $17.00) on shares of Fulton Financial Corporation in a research report on Friday, April 21st. ValuEngine raised Fulton Financial Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 6th. Finally, BidaskClub raised Fulton Financial Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $18.50.
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In other Fulton Financial Corporation news, EVP Meg R. Mueller sold 3,266 shares of Fulton Financial Corporation stock in a transaction on Monday, April 24th. The shares were sold at an average price of $18.90, for a total value of $61,727.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.68% of the stock is currently owned by insiders.
About Fulton Financial Corporation
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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