Fulton Financial (FULT) Earns Coverage Optimism Score of 0.19

Headlines about Fulton Financial (NASDAQ:FULT) have trended somewhat positive on Friday, Accern Sentiment reports. Accern identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded 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 0.19 on Accern’s scale. Accern also assigned media stories about the bank an impact score of 47.0369305352774 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

These are some of the media stories that may have impacted Accern’s scoring:

Several equities research analysts have recently weighed in on the company. BidaskClub lowered Fulton Financial from a “sell” rating to a “strong sell” rating in a research report on Saturday, January 6th. 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 report on Wednesday, January 3rd. Barclays lifted their price target on Fulton Financial from $18.00 to $19.00 and gave the stock an “underweight” rating in a research report on Tuesday, January 2nd. Piper Jaffray Companies reaffirmed a “hold” rating and set a $18.00 price target on shares of Fulton Financial in a research report on Thursday, October 19th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $17.00 price target on shares of Fulton Financial in a research report on Thursday, October 19th. 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’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $18.80.

Fulton Financial (NASDAQ:FULT) traded up $0.10 on Friday, reaching $18.60. The company’s stock had a trading volume of 1,519,300 shares, compared to its average volume of 796,650. The firm has a market capitalization of $3,320.00, a price-to-earnings ratio of 18.24 and a beta of 1.17. Fulton Financial has a 52 week low of $16.45 and a 52 week high of $19.90. 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 (NASDAQ:FULT) last announced its earnings results on Tuesday, October 17th. The bank reported $0.28 earnings per share for the quarter, beating the 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 period last year, the business posted $0.24 EPS. The company’s revenue was up 8.7% on a year-over-year basis. sell-side analysts predict that Fulton Financial will post 1.03 earnings per share for the current fiscal year.

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