SunTrust Initiates Coverage on Susquehanna (SUSQ)
SunTrust initiated coverage on shares of Susquehanna (NASDAQ:SUSQ) in a research note issued on Thursday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.
A number of other firms have also recently commented on SUSQ. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Susquehanna in a research note on Wednesday, May 7th. They now have a $11.00 price target on the stock, down previously from $12.00. Separately, analysts at Jefferies Group reiterated a “hold” rating on shares of Susquehanna in a research note on Monday, April 28th. They now have a $129.00 price target on the stock. Finally, analysts at Zacks upgraded shares of Susquehanna from an “underperform” rating to a “neutral” rating in a research note on Tuesday, March 25th. They now have a $11.60 price target on the stock. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the stock. Susquehanna has an average rating of “Hold” and an average price target of $29.73.
Shares of Susquehanna (NASDAQ:SUSQ) opened at 9.70 on Thursday. Susquehanna has a 1-year low of $9.69 and a 1-year high of $14.35. The stock has a 50-day moving average of $10.74 and a 200-day moving average of $11.51. The company has a market cap of $1.820 billion and a P/E ratio of 11.16.
Susquehanna (NASDAQ:SUSQ) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by $0.01. During the same quarter in the previous year, the company posted $0.23 earnings per share. On average, analysts predict that Susquehanna will post $0.81 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, May 20th. Shareholders of record on Thursday, May 1st will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 3.30%. The ex-dividend date is Tuesday, April 29th.
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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