Share on StockTwits

First Niagara Financial Group (NASDAQ:FNFG) was upgraded by research analysts at Raymond James from an “underperform” rating to a “market perform” rating in a report released on Thursday, reports.

First Niagara Financial Group (NASDAQ:FNFG) remained flat at $8.63 during during mid-day trading trading on Thursday. The stock had a trading volume of 3,762,688 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 $8.89 and a 200-day moving average of $9.6. The company has a market cap of $3.020 billion and a price-to-earnings ratio of 11.82.

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.

The Fly On The Wall

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.