NEW YORK ( TheStreet) -- First Niagara Financial Group (Nasdaq: FNFG) is trading at unusually high volume Monday with 11.2 million shares changing hands. It is currently at four times its average daily volume and trading down 35 cents (-2.9%) at $11.90 as of 3:57 p.m. ET.

First Niagara Financial Group has a market cap of $3.7 billion and is part of the financial sector and banking industry. Shares are down 12.4% year to date as of the close of trading on Friday.

First Niagara Financial Group, Inc. operates as the holding company for First Niagara Bank, N.A. that provides retail and commercial banking, and other financial services to individuals, families, and businesses. The company has a P/E ratio of 17.1, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates First Niagara Financial Group as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and a generally disappointing performance in the stock itself. You can view the full First Niagara Financial Group Ratings Report.

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