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

Media coverage about Fulton Financial (NASDAQ:FULT) has trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by monitoring more than 20 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 0.19 on Accern’s scale. Accern also assigned news stories about the bank an impact score of 46.9091102390276 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

These are some of the news headlines that may have effected Accern Sentiment’s scoring:

A number of equities analysts have recently issued reports on the company. Zacks Investment Research upgraded 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. Barclays raised their price target on Fulton Financial from $18.00 to $19.00 and gave the stock an “underweight” rating in a research note on Tuesday. Keefe, Bruyette & Woods restated a “hold” rating and issued a $18.00 price target on shares of Fulton Financial in a research note on Tuesday, September 26th. Jefferies Group reiterated a “hold” rating and set a $20.00 target price on shares of Fulton Financial in a research report on Friday, September 15th. Finally, BidaskClub downgraded Fulton Financial from a “hold” rating to a “sell” rating in a research report on Saturday, December 9th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $18.80.

Fulton Financial (FULT) opened at $18.18 on Friday. Fulton Financial has a 52-week low of $16.45 and a 52-week high of $19.90. The company has a market capitalization of $3,143.44, a PE ratio of 17.65 and a beta of 1.17. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.98 and a quick ratio of 0.98.

Fulton Financial (NASDAQ:FULT) last issued its earnings results on Tuesday, October 17th. The bank reported $0.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $194.19 million for the quarter, compared to analysts’ expectations of $200.00 million. During the same period in the previous year, the firm posted $0.24 earnings per share. The business’s revenue was up 8.7% compared to the same quarter last year. sell-side analysts predict that Fulton Financial will post 1.03 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Tuesday, January 2nd will be issued a $0.11 dividend. The ex-dividend date is Friday, December 29th. This represents a $0.44 annualized dividend and a dividend yield of 2.42%. Fulton Financial’s dividend payout ratio (DPR) is 42.72%.

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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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