First Niagara Financial Group Reaches New 52-Week High (FNFG)

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 Wednesday as it is currently trading at $10.07, above its previous 52-week high of $10.06 with 35,580 shares traded as of 9:30 a.m. ET. Average volume has been 4.4 million shares over the past 30 days.

First Niagara Financial Group has a market cap of $3.53 billion and is part of the financial sector and banking industry. Shares are up 25.7% year to date as of the close of trading on Tuesday.

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 24.3, 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, good cash flow from operations, expanding profit margins, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full First Niagara Financial Group Ratings Report.

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