Media coverage about Fulton Financial Corporation (NASDAQ:FULT) has been trending somewhat positive this week, Accern reports. The research firm rates the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Fulton Financial Corporation earned a news sentiment score of 0.23 on Accern’s scale. Accern also gave media coverage about the bank an impact score of 41 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news articles that may have effected Accern Sentiment’s rankings:
- Fulton Financial Corporation (FULT) Shares Bought by Legal & General Group Plc (healthcaremenu.net)
- IGEL and Plan B Deliver it All for Fulton Financial (dabcc.com)
- KCG Holdings Inc. Has $638000 Position in Fulton Financial Corporation (NASDAQ:FULT) (bulhufas.com)
- Who’s News: Lancaster County hirings and promotions (lancasteronline.com)
- Fulton Financial Corporation (FULT) Research Coverage Started at Stephens (hoyentv.com)
Several equities analysts have recently weighed in on FULT shares. Jefferies Group LLC reaffirmed a “hold” rating and set a $20.00 target price on shares of Fulton Financial Corporation in a report on Friday, May 5th. Barclays PLC reaffirmed a “sell” rating and set a $18.00 target price (up previously from $17.00) on shares of Fulton Financial Corporation in a research note on Friday, April 21st. BidaskClub raised shares of Fulton Financial Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. ValuEngine raised shares of Fulton Financial Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 6th. Finally, Keefe, Bruyette & Woods set a $17.00 target price on shares of Fulton Financial Corporation and gave the company a “hold” rating in a research report on Monday, April 10th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $18.50.
Shares of Fulton Financial Corporation (FULT) opened at 18.90 on Tuesday. Fulton Financial Corporation has a 52 week low of $13.39 and a 52 week high of $19.90. The firm’s 50-day moving average is $18.23 and its 200-day moving average is $18.42. The stock has a market capitalization of $3.30 billion, a price-to-earnings ratio of 19.69 and a beta of 1.16.
Fulton Financial Corporation (NASDAQ:FULT) last released its quarterly earnings results on Tuesday, April 18th. The bank reported $0.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.02. Fulton Financial Corporation had a return on equity of 7.84% and a net margin of 20.69%. The firm had revenue of $183.15 million during the quarter, compared to analysts’ expectations of $184.36 million. During the same period last year, the firm posted $0.22 EPS. The business’s revenue was up 7.0% on a year-over-year basis. On average, equities research analysts anticipate that Fulton Financial Corporation will post $1.07 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Monday, July 3rd were given a $0.11 dividend. The ex-dividend date was Thursday, June 29th. This represents a $0.44 dividend on an annualized basis and a yield of 2.33%. Fulton Financial Corporation’s payout ratio is 45.83%.
In other news, EVP Meg R. Mueller sold 3,266 shares of the firm’s stock in a transaction on Monday, April 24th. The stock was sold at an average price of $18.90, for a total value of $61,727.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.68% of the stock is currently owned by company insiders.
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Fulton Financial Corporation Company Profile
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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