Based on the aggregated intelligence of 180,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, regional bank First Niagara Financial Group
With that in mind, let's take a closer look at First Niagara's business and see what CAPS investors are saying about the stock right now.
First Niagara facts
|Headquarters (Founded)||Buffalo, N.Y. (1870)|
|Market Cap||$3.0 billion|
|Trailing-12-Month Revenue||$1.1 billion|
|Management||CEO John Koelmel (since 2006)
CFO Gregory Norwood (since 2011)
|Return on Equity (Average, Past 3 Years)||4.7%|
Citizens Financial Group
Sources: S&P Capital IQ and Motley Fool CAPS.
On CAPS, 91% of the 244 members who have rated First Niagara believe the stock will outperform the S&P 500 going forward.
First Niagara Financial Group is quickly becoming a regional-baking powerhouse in the Northeastern United States. ...
In 2011, HSBC was looking to divest itself of its non-core assets. Among those assets was 195-branches located in upstate-New York and Connecticut, which First Niagara agreed to acquire. This deal further expands First Niagara's presence in the US Northeast.
All of the potential-negatives are now in the past for First Niagara. Future acquisitions of the size of the HSBC-deal are very unlikely for the foreseeable future. The dividend was cut in December 2011 to a much more manageable amount. And the bank completed a stock offering; the funds from the offering being used to pay the HSBC-branch acquisition. With all those negatives now behind First Niagara, I pick First Niagara to outperform from this point forward.
Of course, despite its five-star rating, First Niagara may not be your top choice. If that's the case, we've compiled a special free report for investors called "Secure Your Future With 11 Rock-Solid Dividend Stocks," which uncovers several other juicy income opportunities. The report is 100% free, but it won't be around forever, so click here to access it now.
Want to see how well (or not so well) the stocks in this series are performing? Follow the new TrackPoisedTo CAPS account.
More from The Motley Fool
Financial Institutions Reports a Steady 3rd Quarter
The New York-based bank continues to win by growing deposits at a steady single-digit pace in its core markets.
3 Reasons a Company May Choose to Cut Its Dividend
Dividend stocks may be the foundation of great portfolios, but they are a two-way street and could just as easily fall.
Why Shares of First Niagara Financial Group Jumped 15%
Shares of First Niagara popped on news that the company is putting itself on the auction block.