First Niagara Financial Group Reaches New 52-Week High (FNFG)
First Niagara Financial Group (Nasdaq:FNFG) hit a new 52-week high Monday as it is currently trading at $9.35, above its previous 52-week high of $9.30 with 3.9 million shares traded as of 12:46 p.m. ET. Average volume has been 4.7 million shares over the past 30 days.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- First Niagara Financial Group (Nasdaq: FNFG) hit a new 52-week high Monday as it is currently trading at $9.35, above its previous 52-week high of $9.30 with 3.9 million shares traded as of 12:46 p.m. ET. Average volume has been 4.7 million shares over the past 30 days. First Niagara Financial Group has a market cap of $3.1 billion and is part of the financial sector and banking industry. Shares are up 10.8% year to date as of the close of trading on Friday. First Niagara Financial Group, Inc. operates as the bank 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 22, above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates First Niagara Financial Group as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, good cash flow from operations and increase in net income. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full First Niagara Financial Group Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.