First Niagara shares have taken a beating the past few months, going from around eleven bucks a share to around $8. The bank seemed to try to expand too quickly, and suffered for it. They also named a new CEO, someone from inside the bank, when the market was expecting an outsider. But now the bank stock might have found a bottom, as insiders at the bank are nibbling at shares. What’s more, First Niagara has a nice dividend too, at nearly 3.75%. Is it time to join insiders and buy some First Niagara?
See full details of insider purchases over at Yahoo Finance.