Fulton Financial (FULT) Getting Somewhat Favorable Press Coverage, Analysis Shows

Press coverage about Fulton Financial (NASDAQ:FULT) has trended somewhat positive on Wednesday, according to Accern. The research group scores the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Fulton Financial earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave news articles about the bank an impact score of 47.1008007434438 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

These are some of the news articles that may have effected Accern’s analysis:

A number of research analysts recently commented on FULT shares. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $18.00 target price on shares of Fulton Financial in a research report on Tuesday, September 26th. Barclays increased their target price on shares of Fulton Financial from $18.00 to $19.00 and gave the company an “underweight” rating in a research report on Tuesday, January 2nd. BidaskClub downgraded shares of Fulton Financial from a “sell” rating to a “strong sell” rating in a research report on Saturday, January 6th. Zacks Investment Research raised shares of Fulton Financial from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research report on Wednesday, January 3rd. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and issued a $18.00 target price on shares of Fulton Financial in a research report on Thursday, October 19th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $18.80.

Shares of Fulton Financial (NASDAQ:FULT) traded down $0.05 during trading hours on Wednesday, reaching $18.55. 1,208,643 shares of the company were exchanged, compared to its average volume of 834,309. The firm has a market cap of $3,250.00, a PE ratio of 18.19 and a beta of 1.17. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.98 and a current ratio of 0.98. Fulton Financial has a 12-month low of $16.45 and a 12-month high of $19.90.

Fulton Financial (NASDAQ:FULT) last released its earnings results on Tuesday, October 17th. The bank reported $0.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.01. Fulton Financial had a net margin of 21.15% and a return on equity of 8.28%. The company had revenue of $194.19 million during the quarter, compared to analysts’ expectations of $200.00 million. During the same quarter last year, the business earned $0.24 EPS. The business’s revenue was up 8.7% on a year-over-year basis. analysts anticipate that Fulton Financial will post 1.06 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Tuesday, January 2nd were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 2.37%. The ex-dividend date was Friday, December 29th. Fulton Financial’s dividend payout ratio (DPR) is presently 43.14%.

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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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