Economy

Fulton Financial tops 1Q profit forecasts

Fulton Financial tops 1Q profit forecasts

The research group, a service of Accern, scores the sentiment of press coverage by analyzing more than 20 million blog and news sources.

The share price of the company (NASDAQ:HAFC) was down -1.06%, with a high of 28.70 during the day and the volume of Hanmi Financial Corporation shares traded was 184131.

RF has been the topic of several recent analyst reports. It is negative, as 10 investors sold Hanmi Financial Corp shares while 52 reduced holdings. FIG Partners also issued estimates for Hanmi Financial Corp's Q2 2017 earnings at $0.47 EPS, Q3 2017 earnings at $0.50 EPS, Q4 2017 earnings at $0.51 EPS, FY2017 earnings at $1.94 EPS, Q2 2018 earnings at $0.55 EPS, Q3 2018 earnings at $0.58 EPS, Q4 2018 earnings at $0.61 EPS and FY2018 earnings at $2.28 EPS.

Fulton Financial shares have dropped almost 8 percent since the beginning of the year.

Shares of First American Financial Corp (NYSE:FAF) opened at 38.29 on Tuesday.

Zacks Investment Research upgraded shares of First American Financial Corp (NYSE:FAF) from a sell rating to a hold rating in a research report report published on Tuesday. Wall Street is only getting neutral on the stock, with 0 of analysts who cover FCF having a buy-equivalent rating. The company presently has an average rating of "Buy" and an average target price of $32.20. Moreover, Brandywine Glob Invest Mngmt Limited Liability Corp has 0.08% invested in Fulton Financial Corp (NASDAQ:FULT). The company has a market cap of $4.21 billion, a P/E ratio of 12.39 and a beta of 0.80. The stock has a 50-day moving average price of $30.62 and a 200-day moving average price of $30.90. First American Financial Corp has a 12 month low of $35.28 and a 12 month high of $43.55.

First Financial Corporation Indiana (NASDAQ:THFF) will be announcing its earnings results on Monday, February 6th. Analysts are forecasting earnings of $0.22 on a per share basis this quarter. The firm's revenue for the quarter was up 7.0% on a year-over-year basis. California State Teachers Retirement Sys invested 0% of its portfolio in Hanmi Financial Corp (NASDAQ:HAFC). A month ago, analyst EPS consensus estimated earnings of US$0.22 per share.

The stock decreased 1.06% or $0.3 on April 19, reaching $27.9.

Since February 13, 2017, it had 0 insider purchases, and 2 selling transactions for $5.64 million activity.

On 6/6/2016 Hanmi Financial Corp announced a quarterly dividend of $0.14 2.34% with an ex dividend date of 6/14/2016 which will be payable on 6/30/2016. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 2.36% with $1.20 Billion sitting short, betting on future declines. The stock was sold at an average price of $39.79, for a total transaction of $3,979,000.00. Dorsey & Whitney Trust CO LLC now owns 10,847 shares of the bank's stock valued at $108,000 after buying an additional 48 shares during the last quarter. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The stock was sold at an average price of $18.75, for a total value of $174,093.75. Menta Capital LLC now owns 9,242 shares of the company's stock valued at $338,000 after buying an additional 3,050 shares during the last quarter. The disclosure for this sale can be found here.

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Regions Financial Corporation (RF) is an interesting player in the Financial space, with a focus on Regional - Southeast Banks. 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). It operates in three segments: Corporate Bank, which represents its commercial banking functions, including commercial and industrial, commercial real estate and investor real estate lending; Consumer Bank, which represents its branch network, including consumer banking products and services related to residential first mortgages, home equity lines and loans, small business loans, indirect loans, consumer credit cards and other consumer loans, as well as the corresponding deposit relationships, and Wealth Management, which offers individuals, businesses, governmental institutions and non-profit entities a range of solutions to enable transfer of wealth.


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