RBC Capital Lowers Susquehanna Bank to Sector Perform (SUSQ)
Susquehanna Bank (NASDAQ: SUSQ) was downgraded by analysts at RBC Capital (NYSE: RY) from an “outperform” rating to a “sector perform” rating in a research report issued to clients and investors on Friday. They currently have a $10.00 price target on the stock.
Separately, analysts at Susquehanna initiated coverage on shares of Susquehanna Bank in a research note to investors on Thursday, April 5th. They set a “buy” rating and a $12.00 price target on the stock.
Susquehanna Bank traded down 1.94% on Friday, hitting $10.375. Susquehanna Bank has a 1-year low of $5.20 and a 1-year high of $10.64. The company has a market cap of $1.628 billion and a price-to-earnings ratio of 26.45.
The company last announced its quarterly results on Wednesday, April 25th. It reported $0.14 earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $0.15 EPS by $0.01. Analysts expect that Susquehanna Bank will post $0.21 EPS next quarter.
Susquehanna Bancshares, Inc. (Susquehanna) 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.