FBR Capital Markets Reiterates MarketPerform Rating for Susquehanna (SUSQ)
Susquehanna (NASDAQ:SUSQ)‘s stock had its “marketperform” rating restated by research analysts at FBR Capital Markets in a report released on Friday, Analyst Ratings News reports. They currently have a $16.00 price objective on the stock, up from their previous price objective of $13.00. FBR Capital Markets’ price objective indicates a potential upside of 28.10% from the company’s current price.
Susquehanna (NASDAQ:SUSQ) opened at 12.08 on Friday. Susquehanna has a 52-week low of $9.19 and a 52-week high of $14.35. The stock has a 50-day moving average of $13.12 and a 200-day moving average of $12.49. The company has a market cap of $2.261 billion and a price-to-earnings ratio of 13.91.
Susquehanna (NASDAQ:SUSQ) last announced its earnings results on Wednesday, October 23rd. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.01. During the same quarter in the prior year, the company posted $0.20 earnings per share.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, November 20th. Stockholders of record on Wednesday, October 30th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 2.56%. The ex-dividend date is Monday, October 28th.
SUSQ has been the subject of a number of other recent research reports. Analysts at FBR & Co. downgraded shares of Susquehanna from an “outperform” rating to a “market perform” rating in a research note to investors on Friday. Separately, analysts at Credit Suisse downgraded shares of Susquehanna from an “outperform” rating to a “neutral” rating in a research note to investors on Friday. Finally, analysts at Raymond James downgraded shares of Susquehanna from a “market perform” rating to an “underperform” rating in a research note to investors on Friday. One research analyst has rated the stock with a sell rating and ten have assigned a hold rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $13.50.
Susquehanna Bancshares, Inc (NASDAQ:SUSQ) is a financial holding company that provides a range of retail and commercial banking and financial services, through its subsidiaries in the mid-Atlantic region.
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