First Niagara Financial Group, Inc.

  • A Good High Yielding Small Cap Banking Stock

    By Anh HOANG - May 16, 2013 | Tickers: FNFG, KEY, TRST

    At the end of April, Joseph Lucarelli, the Independent Director of TrustCo Bank (NASDAQ: TRST) accumulated 100,000 shares of this savings and loan holding company in a total transaction worth $535,000. Interestingly, Chuck Royce, the small-cap investing guru, also accumulated more than 6.1 million shares of this company. Since the market bottom of 2009, TrustCo Bank has fluctuated in the range of $3.95 to more than more »

  • Do These Insider Sales Actually Matter?

    By Meena Krishnamsetty - April 4, 2013 | Tickers: EXPR, FNFG, LTD, URBN, WBS

    In this article, we will examine two companies with recent large insider sales: Urban Outfitters (NASDAQ: URBN) and Webster Financial (NYSE: WBS). Although we can only speculate as to the true motivation for the sales, investors can do more due diligence and determine whether there is a short sale opportunity or just a large red flag to avoid a certain company's stock.

    Now, the conventional wisdom is that it more »

  • Do These Insider Sales Actually Matter?

    By Meena Krishnamsetty - April 3, 2013 | Tickers: EXPR, FNFG, LTD, URBN, WBS

    In this article, we will examine two companies with recent large insider sales: Urban Outfitters (NASDAQ: URBN) and Webster Financial (NYSE: WBS). Although we can only speculate as to the true motivation for the sales, investors can do more due diligence and determine whether there is a short sale opportunity, or just a large red flag to avoid a certain company's stock.

    Now, the conventional wisdom is that it more »

  • Undervalued Bank Buying Back Shares

    By Mike Thiessen - March 27, 2013 | Tickers: FNFG, HCBK

    Raleigh, North Carolina-based First Citizens Bancshares Corporation (NASDAQ: FCNCA) is looking increasingly attractive as a short-term long play in the wake of a significant share buyback push. The company appears to be undervalued by as much as 10% and may see a major upward move in the coming weeks. With fairly strong fundamentals, healthy profit margins and strong secular growth prospects, First Citizens Bancshares appears to be well positioned for more »

  • The Latest Purchases by David Dreman's $3.5 Billion Fund

    By Meena Krishnamsetty - March 21, 2013 | Tickers: BRY, FNFG, ITRI, KLIC, MENT

    Billion-dollar fund manager David Dreman has been investing institutional money on Wall Street since 1977 within his fund, Dreman Value Management. The investment firm, which heavily favors financial stocks, recently released its Q4 13F filing with the SEC, detailing which positions it held going into the end of last year. We keep a close eye on how the Street’s giants invest their money, as we’ve found a number more »

  • The Super Bowl's Over! Here's What Peyton Manning Can Teach You About Investing.

    By Adem Tahiri - February 11, 2013 | Tickers: AAPL, FNFG, GME, RSH

    Now that the football season is officially over, it's time for Peyton Manning to get back to his real job: "Covert Investment Guru."

    That's right! In fact one of my favorite investment quotes came from Mr. Manning, years back. It went something like: "every interception has its own story."  I'd like to think that deep down he's trying to teaching us a little something about dividends--perhaps more »

  • Big Changes In This Bank Could Lead to Big Gains

    By Mike Thiessen - January 28, 2013 | Tickers: FNFG, PBCT, TFSL

    According to the U.S. Office of the Comptroller of the Currency, the Memorandum of Understanding that circumscribed the activities of the Third Federal Savings & Loan Association of Cleveland has been cancelled. This is notable because Third Federal is the primary subsidiary of Cleveland-based thrift bank TFS Financial Corporation (NASDAQ: TFSL).

    Since the middle of 2010, TFS Financial has been subject to onerous financial restrictions thanks to two Memorandums of more »

  • Post-Mortem Analysis: Your Worst Stocks Can Make You Money!

    By Adem Tahiri - December 10, 2012 | Tickers: FNFG, HBC

    Why is it so darned hard for us to admit when we’re wrong? It’s true of work, relationships; in investing, you can multiply it by a thousand. Perhaps that’s why CNBC host Jim Cramer, who actually know a ton, feels obligated to change positions on a stock six times a year (approximately, depending on performance).

    I don’t blame him. In finance, the “experts” are expected to more »

  • Billionaire Louis Bacon Moore's Stock Picks

    By Meena Krishnamsetty - February 23, 2012 | Tickers: AAPL, BMY, FNFG, GILD, GSK

    Louis Bacon is the founder of Moore Investment Management, a fund that as of September 2011 had approximately $14 billion worth of assets under management. Bacon is also ranked the 312nd richest Americans by Forbes, with a net worth of $1.4 billion.

    Recently Moore released its latest 13F holdings. Let’s take a closer look at the most bullish bets of the fund and decide whether it makes sense more »

  • 4 High Yielding Bank Thrifts In 2012

    By Christopher French - February 9, 2012 | Tickers: FNFG, HCBK, NYCB, PBCT

    Savings and loans, or thrifts, are a subset of the banking industry which specialize in gathering low cost deposits, and utilizing those to issue mortgage loans. Yet, in an ultralow interest rate environment, the industry is suffering from historically low interest margins. Some banks are combating this by refusing to issue low priced loans, while others are rapidly expanding their balance sheets in order to have quantity of loans cancel more »
  • After Earnings: 2 Bank Stocks to Buy, 1 To Skip

    By Michael French - January 30, 2012 | Tickers: FNFG, GSBC, HBHC

    The reporting season on banks is finally winding down. Today I am going to look at three banks that have used their relative financial strength to acquire assets in order to grow their balance sheets. These purchases often skew results in the short term, but the hope and expectation is to grow assets and earnings over the long run during an era when growing assets through loaning money is difficult more »