Somewhat Positive Press Coverage Somewhat Unlikely to Affect Fulton Financial (FULT) Stock Price
Headlines about Fulton Financial (NASDAQ:FULT) have trended somewhat positive on Monday, according to Accern. Accern identifies negative and positive news coverage by analyzing 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 earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned news headlines about the bank an impact score of 46.6568006690681 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the headlines that may have effected Accern’s rankings:
- Columbia County bank names new board member (bizjournals.com)
- FULTON FINANCIAL CORP : ex-dividend day (4-traders.com)
- 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)
A number of brokerages have weighed in on FULT. BidaskClub downgraded shares of Fulton Financial from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $18.00 target price on shares of Fulton Financial in a research note on Thursday, October 19th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $17.00 target price on shares of Fulton Financial in a research note on Thursday, October 19th. Jefferies Group reaffirmed a “hold” rating and set a $20.00 target price on shares of Fulton Financial in a research note on Friday, September 15th. Finally, Zacks Investment Research raised shares of Fulton Financial from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Wednesday, September 20th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $18.60.
Shares of Fulton Financial (NASDAQ FULT) opened at $18.80 on Monday. The firm has a market cap of $3,292.29, a P/E ratio of 18.25 and a beta of 1.17. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.47. Fulton Financial has a 1 year low of $16.45 and a 1 year high of $19.90.
Fulton Financial (NASDAQ:FULT) last announced its quarterly earnings results on Tuesday, October 17th. The bank reported $0.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.01. The company had revenue of $194.19 million during the quarter, compared to the consensus estimate of $200.00 million. Fulton Financial had a net margin of 21.15% and a return on equity of 8.28%. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.24 earnings per share. research analysts forecast that Fulton Financial will post 1.05 EPS for the current fiscal year.
The company also recently declared a special dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a dividend yield of 2.42%. This is an increase from Fulton Financial’s previous special dividend of $0.02. Fulton Financial’s dividend payout ratio (DPR) is 42.72%.
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Fulton Financial 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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