The loss of a fundamental star by SPAREBANKEN MORE does not prevent it from improving to an overall Positive
SPAREBANKEN MORE (NO), a company active in Money Center Banks, improves its general evaluation despite the loss of a fundamental star(s). The independent financial analyst theScreener has removed a fundamental star(s) from the title, which now shows 2 out of 4 stars; conversely, its market behaviour remains table and can be still described as defensive. The loss of a star(s) core is inconsequential since theScreener revises upgrades the general evaluation of the value to Positive. As of the analysis date February 19, 2021, the closing price was NOK 300.00 and its potential was estimated at NOK 337.72.Sparebanken More (the Bank) is a Norway-based regional bank. The Bank's primary market area are the More and Romsdal regions in Norway. Its product and service offering includes loans, cards, payment services, savings accounts, pension funds, life and non-life insurance, investment services and investment advice. As of December 31, 2011, the Bank had four wholly owned subsidiaries: More Finans AS, offering leasing services; Sparebankeiendom AS, a company responsible for the management of the Bank's commercial properties; More Boligkreditt AS, which funded loans secured by residential and commercial properties, and as More Eiendomsmegling AS, engaged in the real estate services for both private customers and trade. As of December 31, 2011, its largest shareholder was Sparebankstiftelsen Tingvoll (10.27%).
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