Fulton Financial Corporation (FULT) Getting Somewhat Positive Press Coverage, Report Shows
Media stories about Fulton Financial Corporation (NASDAQ:FULT) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Fulton Financial Corporation earned a coverage optimism score of 0.16 on Accern’s scale. Accern also assigned press coverage about the bank an impact score of 46.1766489482565 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- Biz Notes: Aug. 29 (readingeagle.com)
- $203.48 Million in Sales Expected for Fulton Financial Corporation (FULT) This Quarter (americanbankingnews.com)
- Fulton Financial Corporation (FULT) Expected to Post Earnings of $0.28 Per Share (americanbankingnews.com)
- Bryn Mawr Bank Agrees to Invest in Region’s Only African American-Owned Bank (nbcphiladelphia.com)
Fulton Financial Corporation (NASDAQ FULT) opened at 17.50 on Tuesday. The stock has a market capitalization of $3.06 billion, a price-to-earnings ratio of 17.68 and a beta of 1.16. The company has a 50-day moving average of $18.05 and a 200-day moving average of $18.28. Fulton Financial Corporation has a 52 week low of $14.04 and a 52 week high of $19.90.
Fulton Financial Corporation (NASDAQ:FULT) last announced its earnings results on Tuesday, July 18th. The bank reported $0.26 EPS for the quarter, hitting the consensus estimate of $0.26. Fulton Financial Corporation had a net margin of 20.86% and a return on equity of 8.02%. The company had revenue of $193.93 million during the quarter, compared to analysts’ expectations of $194.02 million. During the same period last year, the company posted $0.23 earnings per share. Analysts anticipate that Fulton Financial Corporation will post $1.06 earnings per share for the current year.
Several research firms have commented on FULT. BidaskClub lowered shares of Fulton Financial Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. Zacks Investment Research lowered shares of Fulton Financial Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. ValuEngine raised shares of Fulton Financial Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. Boenning Scattergood reissued a “hold” rating on shares of Fulton Financial Corporation in a research note on Wednesday, July 19th. Finally, Stephens assumed coverage on shares of Fulton Financial Corporation in a research note on Thursday, July 13th. They set an “equal weight” rating on the stock. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $18.33.
In related news, Director R Scott Smith, Jr. sold 5,539 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $18.35, for a total transaction of $101,640.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Michael J. Deporter sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, July 21st. The stock was sold at an average price of $18.00, for a total transaction of $27,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,348 shares of company stock valued at $484,312. 0.68% of the stock is currently owned by corporate insiders.
About Fulton Financial Corporation
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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