Fulton Financial (FULT) Earns Daily Media Impact Score of 0.10

Media stories about Fulton Financial (NASDAQ:FULT) have been trending somewhat positive this week, Accern Sentiment reports. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Fulton Financial earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned news headlines about the bank an impact score of 46.414056410249 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Here are some of the headlines that may have effected Accern Sentiment’s rankings:

Shares of Fulton Financial (NASDAQ FULT) traded up $0.40 during trading on Tuesday, hitting $18.25. The stock had a trading volume of 1,464,280 shares, compared to its average volume of 854,296. Fulton Financial has a 1-year low of $16.45 and a 1-year high of $19.90. The firm has a market capitalization of $3,169.71, a P/E ratio of 17.57 and a beta of 1.17. 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 quarterly earnings data on Tuesday, October 17th. The bank reported $0.28 EPS for the quarter, topping 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 business had revenue of $194.19 million during the quarter, compared to the consensus estimate of $200.00 million. During the same period in the previous year, the company posted $0.24 earnings per share. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. analysts forecast that Fulton Financial will post 1.05 EPS for the current year.

The firm also recently declared a special dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a $0.03 dividend. This represents a yield of 2.42%. This is an increase from Fulton Financial’s previous special dividend of $0.02. The ex-dividend date of this dividend is Thursday, November 30th. Fulton Financial’s dividend payout ratio is 42.72%.

A number of brokerages have recently commented on FULT. BidaskClub downgraded Fulton Financial from a “hold” rating to a “sell” rating in a research report on Saturday. Piper Jaffray Companies reissued a “hold” rating and set a $18.00 price objective on shares of Fulton Financial in a research report on Thursday, October 19th. Zacks Investment Research raised Fulton Financial from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Wednesday, September 20th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $17.50 price objective on shares of Fulton Financial in a research report on Tuesday, October 3rd. Finally, Jefferies Group reissued a “hold” rating and set a $20.00 price objective on shares of Fulton Financial in a research report on Friday, September 15th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $18.60.

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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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