Shares of First Niagara Financial Group Inc. (NASDAQ:FNFG) have been assigned a consensus recommendation of “Hold” from the fifteen brokerages that are currently covering the stock. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $10.56.

Separately, Zacks Investment Research lowered shares of First Niagara Financial Group from a “buy” rating to a “sell” rating in a report on Wednesday, July 6th.

Shares of First Niagara Financial Group (NASDAQ:FNFG) remained flat at $10.18 during midday trading on Friday. First Niagara Financial Group has a 12-month low of $8.54 and a 12-month high of $11.22. The firm’s 50-day moving average price is $10.01 and its 200-day moving average price is $9.98.

First Niagara Financial Group (NASDAQ:FNFG) last released its earnings results on Friday, July 29th. The financial services provider reported $0.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.03. During the same quarter in the prior year, the business posted $0.15 earnings per share. On average, equities analysts expect that First Niagara Financial Group will post $0.57 EPS for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in First Niagara Financial Group by 3.9% in the second quarter. Vanguard Group Inc. now owns 26,030,530 shares of the financial services provider’s stock worth $253,537,000 after buying an additional 973,351 shares during the period. BlackRock Fund Advisors increased its position in First Niagara Financial Group by 4.0% in the second quarter. BlackRock Fund Advisors now owns 15,480,489 shares of the financial services provider’s stock worth $150,780,000 after buying an additional 598,519 shares during the period. CNH Partners LLC increased its position in First Niagara Financial Group by 5.6% in the second quarter. CNH Partners LLC now owns 12,415,508 shares of the financial services provider’s stock worth $120,927,000 after buying an additional 655,235 shares during the period. BlackRock Institutional Trust Company N.A. increased its position in First Niagara Financial Group by 3.2% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 10,722,038 shares of the financial services provider’s stock worth $104,433,000 after buying an additional 337,307 shares during the period. Finally, Magnetar Financial LLC increased its position in First Niagara Financial Group by 70.6% in the first quarter. Magnetar Financial LLC now owns 9,387,695 shares of the financial services provider’s stock worth $90,873,000 after buying an additional 3,883,425 shares during the period.

About First Niagara Financial Group

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.

5 Day Chart for NASDAQ:FNFG

Receive News & Ratings for First Niagara Financial Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Niagara Financial Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.