Sparebank 1 SR Bank

Sparebank 1 SR Bank is a savings bank. Co.'s core activities are sales and brokering of financial products and services, as well as leasing and real estate brokering. Co. is organized in three divisions: The Retail Market Division; The Corporate Market Division; and The Capital Market Division Co. provides products and services in the fields of financing, investments, money transfers, pensions and life and non-life insurance.
  • TickerSRBANK
  • ISINNO0010631567
  • ExchangeOslo Bors
  • SectorBanks
  • CountryNorway
Christer Magnergård ...
  • Håkon Astrup
  • Jon Masdal
  • Karl-Johan Bonnevier
  • Martin Arnell
  • Martin Hoang Nguyen
  • Nicolay Dyvik
  • Niklas Wetterling
  • Ole-Andreas Krohn
  • Simen Mortensen

Northern Lights

Aksel Øverland Engebakken ...
  • Anders Idborg
  • Bengt Jonassen
  • Jan Erik Gjerland
  • John Olaisen
  • Jonas Bru Lien
  • Karl Fredrik Schjøtt-Pedersen
  • Olof Cederholm
  • Tobias Kaj
  • Victor Forssell

Talking Points - Hufvudstaden (Sell): Pressure on income from large retail exposure

Electrolux (Buy) Post-results comment: Q2 likely to be the demand trough Retail defaults in Q1 to weigh on income from Q2e We downgrade to SELL (Hold) after a weak Q1

Håkon Astrup

Sparebank1 SR-Bank (Buy, TP: NOK78.00) - Prudent measures to preserve capital

We believe the measures revealed at Q1, including a lowered growth outlook and tighter cost control, should provide capital support to absorb near-term elevated loan-loss provisions. While the outlook for 2020 profitability remains poor, loan losses should eventually come down – we do not consider this reflected in the current valuation of a 2020e P/B of ~0.6x. We reiterate our BUY, and have raised our target price to NOK78 (75) following our EPS increases for 2021–2022e.

Jan Erik Gjerland ...
  • Jonas Bru Lien

Sparebank 1 SR-Bank - Better underlying banking but losses still high

Q1’20 beat after pre-announcement of loan losses Margin pressure to put NII into a negative mode ’21-22e EPS ’20-22e up 5%, 2% and 0%; maintain TP NOK 63

Jan Erik Gjerland ...
  • Jonas Bru Lien

Sparebank 1 SR-Bank - Underlying beat post its pre-announcement

Q1’20 adj. PTP +35% vs ABG, rep PTP +22% vs cons. Offshore of NOK 9.8bn still main challenge Stock should come up 1-3%, on the beat and 0.65x P/B

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Big Picture: Our outlook remains neutral for global ex-U.S. markets while horizontal consolidation continues on the MSCI ACWI ex-U.S. index... see chart below. In today's report we take a bottoms-up view on developed ex-U.S. equities, highlighting stocks that present attractive buy opportunities right here, right now. Note: This is part one of a two-part series, where we focus on actionable stocks within the Services, Consumer Discretionary, Consumer Staples, Energy, and Financials Sectors. We will focus on the remaining Sectors in next week's report. For your reference we include a table o...

Sparebank 1 SR-Bank ASA: 1 director bought

A director at Sparebank 1 SR-Bank ASA bought 3,900 shares at 57.280NOK and the significance rating of the trade was 56/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The name...

Aksel Øverland Engebakken ...
  • Anders Idborg
  • Bengt Jonassen
  • Jan Erik Gjerland
  • John Olaisen
  • Jonas Bru Lien
  • Karl Fredrik Schjøtt-Pedersen
  • Olof Cederholm
  • Tobias Kaj
  • Victor Forssell

Talking Points - Hufvudstaden (Sell): Pressure on income from large retail exposure

Electrolux (Buy) Post-results comment: Q2 likely to be the demand trough Retail defaults in Q1 to weigh on income from Q2e We downgrade to SELL (Hold) after a weak Q1

Håkon Astrup

Sparebank1 SR-Bank (Buy, TP: NOK78.00) - Prudent measures to preserve capital

We believe the measures revealed at Q1, including a lowered growth outlook and tighter cost control, should provide capital support to absorb near-term elevated loan-loss provisions. While the outlook for 2020 profitability remains poor, loan losses should eventually come down – we do not consider this reflected in the current valuation of a 2020e P/B of ~0.6x. We reiterate our BUY, and have raised our target price to NOK78 (75) following our EPS increases for 2021–2022e.

Jan Erik Gjerland ...
  • Jonas Bru Lien

Sparebank 1 SR-Bank - Better underlying banking but losses still high

Q1’20 beat after pre-announcement of loan losses Margin pressure to put NII into a negative mode ’21-22e EPS ’20-22e up 5%, 2% and 0%; maintain TP NOK 63

Jan Erik Gjerland ...
  • Jonas Bru Lien

Sparebank 1 SR-Bank - Underlying beat post its pre-announcement

Q1’20 adj. PTP +35% vs ABG, rep PTP +22% vs cons. Offshore of NOK 9.8bn still main challenge Stock should come up 1-3%, on the beat and 0.65x P/B

Jan Erik Gjerland ...
  • Jonas Bru Lien

Sparebank 1 SR-Bank - Q1’20e: pre-warned loan losses & poor trading

Q1’20e: PTP NOK 184m, down 71% q-o-q and 86% y-o-y Adj. EPS ’20e -22% with pre-announced LLP & trading Adj. EPS ’21e-‘22e up 7% and 1% from LLP & NII – HOLD

SpareBank 1 SR-Bank, SpareBank 1 SMN, SpareBank 1 Ostlandet and SpareBank 1 NN: FAQ: Sparebank 1 banks illustrate Moody's approach to non-consolidated covered bonds

FINANCIAL INSTITUTIONS ISSUER IN-DEPTH 15 January 2018 RATINGS SpareBank 1 SR-Bank ASA LT Senior Unsecured A1 negative LT Deposits A1 negative Baseline Credit Assessment baa1 CR Assessmen (LT/ST) Aa3(cr) / P-1(cr) SpareBank 1 SMN LT Senior Unsecured A1 negative LT Deposits A1 negative Baseline Credit Assessment baa1 CR Assessmen (LT/ST)

SpareBank 1 SR-Bank ASA: Regular update

FINANCIAL INSTITUTIONS CREDIT OPINION 11 December 2017 Update RATINGS SpareBank 1 SR-Bank ASA Domicile Norway Long Term Debt A1 Type Senior Unsecured - Fgn Curr Outlook Negative Long Term Deposit A1 Type LT Bank Deposits - Fgn Curr Outlook Negative Please see the 

SpareBank 1 SR-Bank ASA: Update following the upgrade of the bank's BCA to baa1 and ratings affirmations

FINANCIAL INSTITUTIONS CREDIT OPINION 28 September 2017 Update RATINGS SpareBank 1 SR-Bank ASA Domicile Norway Long Term Debt A1 Type Senior Unsecured - Fgn Curr Outlook Negative Long Term Deposit A1 Type LT Bank Deposits - Fgn Curr Outlook Negative Please see the 

SpareBank 1 SR-Bank ASA: Update Following Recent Affirmation at A1 Negative

FINANCIAL INSTITUTIONS CREDIT OPINION 13 July 2017 Update RATINGS SpareBank 1 SR-Bank ASA Domicile Norway Long Term Debt A1 Type Senior Unsecured - Fgn Curr Outlook Negative Long Term Deposit A1 Type LT Bank Deposits - Fgn Curr Outlook Negative Please see the 

Moody's assigns (P)A1 senior unsecured debt rating to SpareBank 1 SR-Bank's new standalone EMTN program

Rating Action: Moody's assigns A1 senior unsecured debt rating to SpareBank 1 SR-Bank's new standalone EMTN program. Global Credit Research- 19 Jun 2017. Existing joint EMTN program ratings withdrawn.

Christer Magnergård ...
  • Håkon Astrup
  • Jon Masdal
  • Karl-Johan Bonnevier
  • Martin Arnell
  • Martin Hoang Nguyen
  • Nicolay Dyvik
  • Niklas Wetterling
  • Ole-Andreas Krohn
  • Simen Mortensen

Northern Lights

Eivind Sars Veddeng ...
  • Håkon Astrup
  • Jimi Lehtonen
  • Joachim Gunell
  • Martin Arnell
  • Nicolai Farstad Olsen
  • Nicolas McBeath
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Patrik Ling
  • Simen Mortensen
  • Stefan Gauffin
  • Tomi Railo

Northern Lights

Frank Maaø ...
  • Håkon Astrup
  • Helene Kvilhaug Brøndbo
  • Joachim Gunell
  • Karl-Johan Bonnevier
  • Marius Knudssøn
  • Martin Huseby Karlsen
  • Mattias Holmberg
  • Nicolas McBeath
  • Niklas Wetterling
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Rune Majlund Dahl
  • Tomi Railo

Northern Lights

Eivind Sars Veddeng ...
  • Håkon Astrup
  • Jesper Ingildsen
  • Jimi Lehtonen
  • Jon Berggren
  • Marius Knudssøn
  • Martin Huseby Karlsen
  • Nicolai Farstad Olsen
  • Nicolay Dyvik
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Rune Majlund Dahl
  • Simen Mortensen

Northern Lights

Eivind Sars Veddeng ...
  • Håkon Astrup
  • Nicolay Dyvik
  • Ole-Andreas Krohn
  • Rune Majlund Dahl
  • Tomi Railo

Northern Lights

SPAREBANK 1 SR BANK ASA suffers a double requalification, which weighs heavily on its rating, now at Slightly Negative.

The independent financial analyst theScreener just downgraded the general evaluation of SPAREBANK 1 SR BANK ASA (NO), active in the Money Center Banks industry. As regards its fundamental valuation, the title loses a star(s) and now shows 1 out of 4 stars. Its market behaviour is also negatively reassessed and may be considered as risky. theScreener believes that this double requalification keeps the title under pressure and justifies an overall rating downgrade to Slightly Negative. As of the analysis date May 5, 2020, the closing price was NOK 62.60 and its target price was estimated at NOK ...

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch