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First Niagara Financial Group (NASDAQ:FNFG) was downgraded by equities researchers at Bank of America to an “underperform” rating in a research report issued on Thursday.

First Niagara Financial Group (NASDAQ:FNFG) traded up 1.54% during mid-day trading on Thursday, hitting $8.58. 2,581,935 shares of the company’s stock traded hands. First Niagara Financial Group has a one year low of $8.19 and a one year high of $11.34. The stock has a 50-day moving average of $8.95 and a 200-day moving average of $9.66. The company has a market cap of $3.003 billion and a P/E ratio of 11.58.

First Niagara Financial Group (NASDAQ:FNFG) last announced its earnings results 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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