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Shares of First Niagara Financial Group (NASDAQ:FNFG) have earned an average rating of “Hold” from the eleven analysts that are covering the stock, American Banking & Market News reports. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $9.61.

FNFG has been the subject of a number of recent research reports. Analysts at Barclays cut their price target on shares of First Niagara Financial Group from $9.00 to $8.00 in a research note on Monday, July 28th. They now have an “underweight” rating on the stock. Separately, analysts at Keefe, Bruyette & Woods cut their price target on shares of First Niagara Financial Group from $10.00 to $9.50 in a research note on Tuesday, June 24th. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of First Niagara Financial Group in a research note on Wednesday, May 21st. They now have a $10.50 price target on the stock.

Shares of First Niagara Financial Group (NASDAQ:FNFG) traded down 0.12% during mid-day trading on Friday, hitting $8.42. The stock had a trading volume of 282,806 shares. First Niagara Financial Group has a 52-week low of $8.19 and a 52-week high of $11.34. The stock has a 50-day moving average of $8. and a 200-day moving average of $8.86. The company has a market cap of $2.947 billion and a P/E ratio of 11.55.

First Niagara Financial Group (NASDAQ:FNFG) last issued its quarterly earnings data on Friday, July 25th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.01. The company had revenue of $352.67 million for the quarter, compared to the consensus estimate of $358.25 million. During the same quarter in the previous year, the company posted $0.18 earnings per share. On average, analysts predict that First Niagara Financial Group will post $0.70 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Friday, August 15th. Shareholders of record on Tuesday, August 5th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date of this dividend is Friday, August 1st.

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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