Quarterly Dividend of $0.08 Announced by First Niagara Financial Group (FNFG)
First Niagara Financial Group (NASDAQ:FNFG) announced a quarterly dividend on Tuesday, January 29th. Stockholders of record on Friday, February 8th will be paid a dividend of $0.08 per share on Friday, February 15th. This represents a $0.32 annualized dividend and a dividend yield of 4.14%.
A number of analysts have recently weighed in on FNFG shares. Analysts at Evercore Partners downgraded shares of First Niagara Financial Group from an “equal weight” rating to an “underweight” rating in a research note to investors on Thursday, January 24th. Analysts at Goldman Sachs initiated coverage on shares of First Niagara Financial Group in a research note to investors on Wednesday, December 19th. They set a “neutral” rating and a $8.50 price target on the stock.
Seven investment analysts have rated the stock with a buy rating, eight have issued a hold rating, and one has assigned a sell rating to the company. The stock has an average rating of “overweight” and an average price target of $8.80.
First Niagara Financial Group (FNFG) traded down 1.28% on Tuesday, hitting $7.72. First Niagara Financial Group (FNFG) has a 52-week low of $7.08 and a 52-week high of $10.35. The stock’s 50-day moving average is currently $8.03. The company has a market cap of $2.695 billion and a price-to-earnings ratio of 19.55.
First Niagara Financial Group last posted its quarterly earnings results on Wednesday, January 23rd. The company reported $0.19 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.18 by $0.01. During the same quarter in the previous year, the company posted $0.24 earnings per share. On average, analysts predict that First Niagara Financial Group (FNFG) will post $0.75 earnings per share for the current fiscal year.
First Niagara Financial Group, Inc. provides a range of retail and commercial banking, as well as other financial services, through its wholly owned bank subsidiary, First Niagara Bank, NA.
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