KBW Has Market Perform On Susquehanna Bancshares (SUSQ)

KBW has a Market Perform rating and a $10 price target on shares of Susquehanna Bancshares SUSQ. In a note to clients, KBW writes, "We are updating our estimates after SUSQ released in-line operating EPS of $0.08. Loan balances largely stabilized & core deposits gained further traction. The margin bumped up 2 bps to 3.63% on lower deposit costs as loan yields came under some pressure. Net new problems rebounded after making consistent progress in 2010. Revising estimates." Shares of SUSQ are down 2 cents to $9.15 today.