Shares of First Niagara Financial Group Inc. (NASDAQ:FNFG) saw strong trading volume on Thursday . 4,209,695 shares were traded during trading, an increase of 50% from the previous session’s volume of 2,804,593 shares.The stock last traded at $10.30 and had previously closed at $10.12.

A number of analysts have commented on the stock. Zacks Investment Research cut shares of First Niagara Financial Group from a “buy” rating to a “sell” rating in a research report on Wednesday, July 6th. Raymond James Financial Inc. raised shares of First Niagara Financial Group from an “underperform” rating to a “hold” rating in a research report on Tuesday, May 17th. TheStreet raised shares of First Niagara Financial Group from a “hold” rating to a “buy” rating in a research report on Wednesday, April 20th. Finally, Deutsche Bank AG reissued a “hold” rating and set a $11.00 price objective on shares of First Niagara Financial Group in a research report on Tuesday, April 5th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company’s stock. First Niagara Financial Group has a consensus rating of “Hold” and an average target price of $10.36.

The company’s 50 day moving average is $10.17 and its 200-day moving average is $10.00. The stock has a market capitalization of $3.59 billion and a PE ratio of 19.28.

First Niagara Financial Group (NASDAQ:FNFG) last released its quarterly earnings data on Friday, April 29th. The financial services provider reported $0.14 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.14. During the same quarter in the previous year, the firm posted $0.12 earnings per share. Equities research analysts forecast that First Niagara Financial Group Inc. will post $0.58 earnings per share for the current year.

In other First Niagara Financial Group news, EVP Mark R. Rendulic sold 35,000 shares of the business’s stock in a transaction dated Wednesday, May 4th. The shares were sold at an average price of $10.17, for a total value of $355,950.00. Following the transaction, the executive vice president now owns 130,908 shares in the company, valued at $1,331,334.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Austin A. Adams acquired 5,000 shares of the firm’s stock in a transaction on Tuesday, May 3rd. The stock was purchased at an average price of $10.31 per share, for a total transaction of $51,550.00. Following the transaction, the director now directly owns 37,879 shares of the company’s stock, valued at approximately $390,532.49. The disclosure for this purchase can be found here.

Several institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA boosted its position in First Niagara Financial Group by 25.1% in the fourth quarter. BNP Paribas Arbitrage SA now owns 92,570 shares of the financial services provider’s stock worth $1,004,000 after buying an additional 18,570 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of First Niagara Financial Group during the fourth quarter worth $1,051,000. ProShare Advisors LLC raised its stake in shares of First Niagara Financial Group by 13.7% in the fourth quarter. ProShare Advisors LLC now owns 106,847 shares of the financial services provider’s stock worth $1,159,000 after buying an additional 12,877 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of First Niagara Financial Group by 64.7% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 168,732 shares of the financial services provider’s stock worth $1,831,000 after buying an additional 66,299 shares during the last quarter. Finally, Flippin Bruce & Porter Inc. raised its stake in shares of First Niagara Financial Group by 4.0% in the fourth quarter. Flippin Bruce & Porter Inc. now owns 188,475 shares of the financial services provider’s stock worth $2,045,000 after buying an additional 7,325 shares during the last quarter.

First Niagara Financial Group Inc is a bank holding company for First Niagara Bank, N.A. (the Bank). The Bank is engaged in providing financial services to individuals and businesses in New York, Western and Eastern Pennsylvania, Connecticut, and Western Massachusetts. The Bank is a nationally chartered regional bank providing financial services to individuals, families and businesses.

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