FBR Capital Reiterates an 'Outperform' on Susquehanna (SUSQ); Par for the Course/In-Line Quarter

FBR Capital reiterates an 'Outperform' on Susquehanna Bancshares (NASDAQ: SUSQ), PT $11.

FBR analyst says, "SUSQ has improving profitability and credit trends, is in attractive markets, and shares are inexpensive. 1Q11 was largely in line with our expectations, with modest NIM expansion, relatively stable credit trends, and slight improvement in profitability. Although loan growth was flat, the construction portfolio is close to bottoming out after falling 24% over the past year, and SUSQ's pipeline is beginning to build; we expect stronger growth in the back half of the year. SUSQ also announced the first step in a planned "gradual increase" in its dividend, although its yield is still below 1%. We reiterate our respective 2011 and 2012 operating EPS estimates of $0.50 and $0.80."

For more ratings news on Susquehanna Bancshares click here and for the rating history of Susquehanna Bancshares click here.

Shares of Susquehanna Bancshares closed at $9.37 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• William Blair Downgrades Enovix Corporation (ENVX) to Market Perform
• Aebi Schmidt Holding AG (AEBI) PT Raised to $17 at DA Davidson Following Q2 Results
• Broadridge Financial (BR) PT Raised to $180 at UBS, Neutral Rating Maintained