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First Niagara Financial Group Inc. Message Board

  • foolfinder45 foolfinder45 Jan 31, 2013 11:33 PM Flag

    This isn't good. 1.4 times book is way over valued

    Shares of First Niagara Financial Group of Buffalo, N.Y., are now down 1% year-to-date, following a 5% decline during 2012. Last year's decline was quite significant, when compared to a 30% return for the KBW Bank Index.
    The shares trade for 1.4 times their reported Dec. 31 tangible book value of $5.65, and for 9.8 times the consensus 2014 earnings estimate of 80 cents a share, among analysts polled by Thomson Reuters. The consensus 2013 EPS estimate is 74 cents.

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