Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Fulton Financial (FULT) Share Price
News articles about Fulton Financial (NASDAQ:FULT) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Fulton Financial earned a media sentiment score of 0.08 on Accern’s scale. Accern also assigned media coverage about the bank an impact score of 45.9114018535975 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news headlines that may have effected Accern Sentiment’s scoring:
- Fulton Financial Corporation (FULT) Announces $0.11 Quarterly Dividend (americanbankingnews.com)
- Fulton Financial Corp. breached its 50 day moving average in a Bearish Manner : FULT-US : December 20, 2017 (finance.yahoo.com)
- Kinderhook Bank completes its merger with Patriot Federal Bank (leaderherald.com)
- Fulton Financial Corporation (FULT) Expected to Post Quarterly Sales of $205.68 Million (americanbankingnews.com)
- Police: Searching for female bank robber in Cobb (cbs46.com)
FULT has been the topic of a number of analyst reports. Piper Jaffray Companies reissued a “hold” rating and issued a $18.00 price target on shares of Fulton Financial in a research note on Thursday, October 19th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $17.00 price target on shares of Fulton Financial in a research note on Thursday, October 19th. Zacks Investment Research raised Fulton Financial from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research note on Wednesday, September 20th. Jefferies Group reissued a “hold” rating and issued a $20.00 price target on shares of Fulton Financial in a research note on Friday, September 15th. Finally, BidaskClub downgraded Fulton Financial from a “hold” rating to a “sell” rating in a research note on Saturday, December 9th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. Fulton Financial has an average rating of “Hold” and a consensus target price of $18.60.
Fulton Financial (NASDAQ:FULT) last posted its quarterly earnings results on Tuesday, October 17th. The bank reported $0.28 earnings per share for the quarter, beating the Zacks’ 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 company had revenue of $194.19 million for the quarter, compared to the consensus estimate of $200.00 million. During the same quarter in the prior year, the business posted $0.24 EPS. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. analysts predict that Fulton Financial will post 1.05 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date of this dividend is Friday, December 29th. Fulton Financial’s dividend payout ratio is currently 43.14%.
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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