First Niagara Financial Group Inc. Announces Quarterly Dividend of $0.08 (FNFG)
First Niagara Financial Group (NASDAQ:FNFG) announced a quarterly dividend on Friday, April 25th, StockRatingsNetwork.com reports. Investors of record on Monday, May 5th will be paid a dividend of 0.08 per share on Thursday, May 15th. This represents a $0.32 annualized dividend and a dividend yield of 3.72%. The ex-dividend date is Thursday, May 1st.
A number of analysts have recently weighed in on FNFG shares. Analysts at Jefferies Group reiterated a “hold” rating on shares of First Niagara Financial Group in a research note on Monday, April 28th. They now have a $9.50 price target on the stock. On a related note, analysts at Citigroup Inc. reiterated a “hold” rating on shares of First Niagara Financial Group in a research note on Monday, April 28th. They now have a $9.00 price target on the stock. Finally, analysts at Portales Partners initiated coverage on shares of First Niagara Financial Group in a research note on Wednesday, April 9th. They set an “underperform” rating on the stock. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $9.94.
First Niagara Financial Group (NASDAQ:FNFG) traded up 1.90% on Monday, hitting $8.60. The stock had a trading volume of 1,895,286 shares. First Niagara Financial Group has a 1-year low of $8.19 and a 1-year high of $11.34. The stock has a 50-day moving average of $8.98 and a 200-day moving average of $9.68. The company has a market cap of $3.010 billion and a price-to-earnings ratio of 11.56.
First Niagara Financial Group (NASDAQ:FNFG) last issued its quarterly earnings data on Friday, April 25th. The company reported $0.15 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.17 by $0.02. The company had revenue of $347.47 million for the quarter, compared to the consensus estimate of $363.18 million. During the same quarter last year, the company posted $0.17 earnings per share. First Niagara Financial Group’s revenue was down 2.2% compared to the same quarter last year. On average, analysts predict that First Niagara Financial Group will post $0.70 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, N.
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