Fulton Financial (FULT) Receiving Somewhat Favorable News Coverage, Report Shows

Media stories about Fulton Financial (NASDAQ:FULT) have been trending somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of 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 -1 to 1, with scores closest to one being the most favorable. Fulton Financial earned a news impact score of 0.09 on Accern’s scale. Accern also gave press coverage about the bank an impact score of 46.0807007843585 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Here are some of the news stories that may have impacted Accern Sentiment’s analysis:

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Several equities analysts recently issued reports on FULT shares. BidaskClub raised shares of Fulton Financial from a “sell” rating to a “hold” rating in a report on Friday, February 9th. Zacks Investment Research downgraded shares of Fulton Financial from a “buy” rating to a “hold” rating in a report on Tuesday, February 13th. DA Davidson started coverage on shares of Fulton Financial in a report on Monday, March 26th. They set a “neutral” rating and a $18.00 price target for the company. Jefferies Group reissued a “hold” rating and set a $19.00 price target on shares of Fulton Financial in a report on Thursday. Finally, Barclays cut their price target on shares of Fulton Financial from $19.00 to $18.00 and set an “underweight” rating for the company in a report on Thursday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $18.33.

Shares of NASDAQ FULT opened at $17.05 on Friday. Fulton Financial has a 1-year low of $16.45 and a 1-year high of $19.90. The stock has a market capitalization of $3,068.49, a price-to-earnings ratio of 15.93, a P/E/G ratio of 1.75 and a beta of 1.01. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.47.

Fulton Financial (NASDAQ:FULT) last announced its earnings results on Tuesday, April 17th. The bank reported $0.28 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.28. Fulton Financial had a net margin of 20.66% and a return on equity of 8.73%. The company had revenue of $197.19 million during the quarter, compared to the consensus estimate of $199.94 million. During the same period in the previous year, the firm posted $0.25 earnings per share. The company’s revenue was up 7.0% on a year-over-year basis. equities research analysts anticipate that Fulton Financial will post 1.25 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, April 13th. Shareholders of record on Monday, April 2nd were paid a $0.12 dividend. The ex-dividend date of this dividend was Thursday, March 29th. This is an increase from Fulton Financial’s previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.82%. Fulton Financial’s payout ratio is currently 44.86%.

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Fulton Financial Company Profile

Fulton Financial Corporation operates as a multi-bank financial holding company that provides banking and financial services to businesses and consumers. It accepts various checking accounts and savings deposit products, certificates of deposit, and individual retirement accounts. The company also offers consumer loans, including home equity loans and lines of credit, automobile loans, automobile and equipment leases, personal lines of credit, and checking account overdraft protection; construction and jumbo residential mortgage loans; and commercial lending products comprising commercial, financial, agricultural, and real estate loans.

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