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Last 214.00 NOK
Change Today +4.00 / 1.90%
Volume 2.1K
MORG On Other Exchanges
Symbol
Exchange
As of 5:44 AM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

sparebanken more-cap cert (MORG) Snapshot

Open
210.00 NOK
Previous Close
210.00 NOK
Day High
214.00 NOK
Day Low
208.00 NOK
52 Week High
02/12/15 - 248.00 NOK
52 Week Low
10/16/14 - 196.00 NOK
Market Cap
2.1B
Average Volume 10 Days
8.1K
EPS TTM
57.24 NOK
Shares Outstanding
9.9M
EX-Date
03/26/15
P/E TM
3.7x
Dividend
13.50 NOK
Dividend Yield
6.31%
Current Stock Chart for SPAREBANKEN MORE-CAP CERT (MORG)

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sparebanken more-cap cert (MORG) Details

Sparebanken Møre, together with its subsidiaries, provides banking services for retail and corporate customers primarily in Møre og Romsdal, Norway. The company offers services in the areas of deposits and other forms of investments, asset management, financing, financial advisory, payment transfers, insurance, real estate brokerage, leasing, and real estate management, as well as provides foreign exchange and interest rate trading products. As of December 31, 2014, it operated through a network of 30 branches located in the 16 municipalities of Sunnmøre, 6 municipalities of Romsdal, and 2 municipalities of Nordmøre. The company was founded in 1843 and is headquartered in Ålesund, Norway.

385 Employees
Last Reported Date: 08/6/15
Founded in 1843

sparebanken more-cap cert (MORG) Top Compensated Officers

Chief Executive Officer, President and Managi...
Total Annual Compensation: 2.2M NOK
Chief Financial Officer, Head of Treasury & M...
Total Annual Compensation: 1.3M NOK
Executive Vice President of Retail Banking Di...
Total Annual Compensation: 1.4M NOK
Executive Vice President of Romsdal & Nordmør...
Total Annual Compensation: 1.3M NOK
Executive Vice President of Sunnmore Corporat...
Total Annual Compensation: 1.3M NOK
Compensation as of Fiscal Year 2014.

sparebanken more-cap cert (MORG) Key Developments

Sparebanken Møre Reports Unaudited Consolidated and Company Earnings Results for Second Quarter and Six Months Ended June 30, 2015; Reports Impairment on Loans, Guarantees for the Second Quarter of 2015

Sparebanken Møre reported unaudited consolidated and company earnings results for second quarter and six months ended June 30, 2015. For the quarter, on consolidated basis, the company’s net interest income was NOK 269 million against NOK 268 million a year ago. Total income was NOK 334 million against NOK 330 million a year ago. Pre tax profit was NOK 183 million against NOK 178 million a year ago. Profit after tax was NOK 134 million against NOK 131 million a year ago. Diluted earnings per EC were NOK 6.75 against NOK 6.60 a year ago. Return on equity (annualised) was 11.5% against 12.1% a year ago. For the six months, on consolidated basis, the company’s net interest income was NOK 542 million against NOK 537 million a year ago. Total income was NOK 674 million against NOK 659 million a year ago. Pre tax profit was NOK 368 million against NOK 358 million a year ago. Profit after tax was NOK 269 million against NOK 263 million a year ago. Diluted earnings per EC were NOK 13.50 against NOK 13.15 a year ago. Net cash flows used in operating activities were NOK 1,169 million against net cash from operations was NOK 2 million a year ago. Purchase of fixed assets etc. was NOK 29 million against NOK 6 million a year ago. Return on equity (annualised) was 11.6% against 12.1% a year ago. The increase in total income is attributable to an increase of NOK 5 million in net interest income and NOK 10 million in other income. For the quarter, the company’s net interest income was NOK 203 million against NOK 195 million a year ago. Total income was NOK 269 million against NOK 257 million a year ago. Pre tax profit was NOK 126 million against NOK 113 million a year ago. Profit after tax was NOK 92 million against NOK 84 million a year ago. Diluted earnings per EC were NOK 4.60 against NOK 4.20 a year ago. For the six months, the company’s net interest income was NOK 402 million against NOK 389 million a year ago. Total income was NOK 718 million against NOK 666 million a year ago. Pre tax profit was NOK 425 million against NOK 378 million a year ago. Profit after tax was NOK 362 million against NOK 319 million a year ago. Diluted earnings per EC were NOK 18.15 against NOK 15.95 a year ago. The company reported impairment on loans, guarantees etc. for the second quarter was NOK 7 million against NOK 8 million a year ago.

Sparebanken Møre, Q2 2015 Earnings Call, Aug 06, 2015

Sparebanken Møre, Q2 2015 Earnings Call, Aug 06, 2015

Sparebanken Møre Reports Earnings Results for the First Quarter Ended March 2015

Sparebanken Møre reported earnings results for the first quarter ended March 2015. For the quarter, the company reported profit amounted to NOK 135 million compared with NOK 132 million with the corresponding period last year. Net interest amounted to NOK 273 million compared with NOK 269 million for the same period last year. Profit before impairment and tax was NOK 193 million compared with NOK 186 million for the same period last year. Return on equity was 11.7% compared with 12.% for the same period last year.

 

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Valuation MORG Industry Range
Price/Earnings 6.2x
Price/Sales 2.8x
Price/Book 0.4x
Price/Cash Flow 3.1x
TEV/Sales NM Not Meaningful
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