News headlines about Fulton Financial (NASDAQ:FULT) have been trending somewhat positive on Sunday, according to Accern Sentiment Analysis. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Fulton Financial earned a daily sentiment score of 0.11 on Accern’s scale. Accern also assigned news articles about the bank an impact score of 45.5537024141406 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
- Fulton Financial (FULT) Stock Rating Upgraded by BidaskClub (americanbankingnews.com)
- Broadspectrum names former Fulton Hogan MD Nick Miller as CEO (afr.com)
- Fulton Financial Corp (FULT) Given Consensus Rating of “Hold” by Brokerages (americanbankingnews.com)
- Fulton Financial Corp (FULT) Expected to Announce Quarterly Sales of $203.47 Million (americanbankingnews.com)
Shares of Fulton Financial (FULT) traded up $0.30 during trading on Friday, hitting $18.05. The stock had a trading volume of 2,029,454 shares, compared to its average volume of 1,073,469. The firm has a market cap of $3,160.95, a PE ratio of 18.42 and a beta of 1.06. Fulton Financial has a fifty-two week low of $16.45 and a fifty-two week high of $19.90. 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 (NASDAQ:FULT) last announced its earnings results on Monday, January 22nd. The bank reported $0.28 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.28. The company had revenue of $206.37 million for the quarter, compared to analyst estimates of $201.30 million. Fulton Financial had a return on equity of 8.51% and a net margin of 19.59%. The firm’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.24 earnings per share. research analysts forecast that Fulton Financial will post 1.25 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Tuesday, January 2nd were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date of this dividend was Friday, December 29th. Fulton Financial’s dividend payout ratio is currently 44.90%.
A number of analysts have recently weighed in on the company. BidaskClub upgraded Fulton Financial from a “sell” rating to a “hold” rating in a research note on Friday. Zacks Investment Research upgraded Fulton Financial from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research note on Wednesday, January 3rd. Barclays lifted their price objective on Fulton Financial from $18.00 to $19.00 and gave the stock an “underweight” rating in a report on Tuesday, January 2nd. Piper Jaffray Companies reiterated a “hold” rating and issued a $18.00 price objective on shares of Fulton Financial in a report on Thursday, October 19th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $17.00 price objective on shares of Fulton Financial in a report on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. Fulton Financial currently has a consensus rating of “Hold” and an average price target of $18.80.
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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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