Ashleigh Rogers
Long/short equity, growth at reasonable price, value, banks

Susquehanna Bank Faces Tougher Conditions Ahead

Susquehanna Bank (NASDAQ:SUSQ) may be an attractive investment for investors looking for a reasonably priced regional bank. Trading at less than 2X book value and with its share price having fallen a bit since this summer, the company stands out as a pretty reasonable value in an otherwise fairly-valued sector. In fact, investors in SUSQ face an interesting dilemma; the bank carries a reasonable valuation and should benefit from the Fed's recent move to begin tapering (which will push up mortgage rates a bit over time and help the banking industry's net interest margin). On the other hand, SUSQ has recently seen fee income drop dramatically and management has indicated that the bank will likely see some increased...

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