First Niagara Financial Group (FNFG): Price Target and June Short Interest Disclosure

First Niagara Financial Group (FNFG) : Currently there are 6 street experts covering First Niagara Financial Group (FNFG) stock. The most bullish and bearish price target for the stock is $11 and $8 respectively for the short term. The average price target of all the analysts comes to $9.58. The estimated standard deviation from the target is $1.02.

First Niagara Financial Group (FNFG), According to the latest information the short interest in First Niagara Financial Group Inc. shot up by 12.4% or 596,331 shares. The final shorts are 1.5% of the total floated shares. The positions increased from 4,816,177 shares on June 15,2016 to 5,412,508 on June 30,2016. According to the per-day average trading of 3,253,675 shares, the days to cover are 2. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.


First Niagara Financial Group (NASDAQ:FNFG): stock turned positive on Thursday. Though the stock opened at $10.28, the bulls momentum made the stock top out at $10.36 level for the day. The stock recorded a low of $10.26 and closed the trading day at $10.29, in the green by 1.68%. The total traded volume for the day was 5,684,691. The stock had closed at $10.12 in the previous days trading.

First Niagara Financial Group, Inc. is a bank holding company. The Company provides a range of retail and commercial banking, as well as other financial services through its wholly owned bank subsidiary, First Niagara Bank, N.A. (the Bank). The Bank is a nationally chartered regional bank providing financial services to individuals, families and businesses. The Bank provides its retail consumer and business customers with banking services, including residential and commercial real estate loans, commercial business loans, consumer loans, wealth management products, as well as retail and commercial deposit products. Additionally, it offers insurance services through a wholly owned subsidiary of the Bank. The Bank operates through approximately 411 branches and several financial services subsidiaries.

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