SpareBank 1 Nord-Norge (OB:NONG) Just Reported First-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?
May 12
Norwegian (OSEAX) Regional Banks Industry Analysis
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies32
- 7D1.7%
- 3M5.3%
- 1Y10.4%
- YTDn/a
The Regional Banks industry is up 3.3% in the last week, with SpareBank 1 SR-Bank up 4.2%. This means that the industry has gained 11% over the past year. As for the next few years, earnings are expected to grow by 8.0% per annum.
Industry Valuation and Performance
Has the Norwegian Regional Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Jul 2024 | NOK 106.1b | NOK 38.5b | NOK 12.3b | 9.5x | 8.7x | 2.8x |
| Sun, 23 Jun 2024 | NOK 101.7b | NOK 38.1b | NOK 12.1b | 9.5x | 8.4x | 2.7x |
| Tue, 21 May 2024 | NOK 104.6b | NOK 37.8b | NOK 12.1b | 9.3x | 8.6x | 2.8x |
| Thu, 18 Apr 2024 | NOK 101.2b | NOK 36.5b | NOK 11.5b | 9.4x | 8.8x | 2.8x |
| Sat, 16 Mar 2024 | NOK 102.9b | NOK 36.5b | NOK 11.8b | 8.9x | 8.7x | 2.8x |
| Mon, 12 Feb 2024 | NOK 99.6b | NOK 35.6b | NOK 13.5b | 8.9x | 7.4x | 2.8x |
| Wed, 10 Jan 2024 | NOK 99.8b | NOK 34.5b | NOK 10.7b | 9.2x | 9.3x | 2.9x |
| Fri, 08 Dec 2023 | NOK 92.0b | NOK 34.4b | NOK 10.6b | 9x | 8.7x | 2.7x |
| Sun, 05 Nov 2023 | NOK 90.9b | NOK 32.8b | NOK 11.3b | 8.8x | 8x | 2.8x |
| Tue, 03 Oct 2023 | NOK 91.9b | NOK 32.7b | NOK 10.1b | 9.4x | 9.1x | 2.8x |
| Thu, 31 Aug 2023 | NOK 93.3b | NOK 32.5b | NOK 10.1b | 8.9x | 9.2x | 2.9x |
| Sat, 29 Jul 2023 | NOK 94.0b | NOK 30.9b | NOK 9.3b | 9.7x | 10.2x | 3x |
| Mon, 26 Jun 2023 | NOK 90.1b | NOK 30.9b | NOK 9.3b | 9.9x | 9.7x | 2.9x |
| Wed, 24 May 2023 | NOK 88.7b | NOK 30.9b | NOK 9.3b | 10x | 9.5x | 2.9x |
| Fri, 21 Apr 2023 | NOK 89.3b | NOK 29.4b | NOK 8.8b | 10.7x | 10.1x | 3x |
| Sun, 19 Mar 2023 | NOK 86.3b | NOK 29.2b | NOK 9.1b | 9.9x | 9.5x | 3x |
| Tue, 14 Feb 2023 | NOK 88.9b | NOK 28.1b | NOK 9.1b | 10.2x | 9.8x | 3.2x |
| Thu, 12 Jan 2023 | NOK 85.9b | NOK 28.0b | NOK 8.2b | 10.8x | 10.5x | 3.1x |
| Sat, 10 Dec 2022 | NOK 82.8b | NOK 27.9b | NOK 8.2b | 10.6x | 10.1x | 3x |
| Mon, 07 Nov 2022 | NOK 79.0b | NOK 27.8b | NOK 8.5b | 10x | 9.3x | 2.8x |
| Wed, 05 Oct 2022 | NOK 78.3b | NOK 27.8b | NOK 8.2b | 10.3x | 9.6x | 2.8x |
| Fri, 02 Sep 2022 | NOK 84.7b | NOK 27.8b | NOK 8.3b | 11.1x | 10.2x | 3.1x |
| Sun, 31 Jul 2022 | NOK 82.9b | NOK 27.4b | NOK 8.3b | 11.7x | 10x | 3x |
| Tue, 28 Jun 2022 | NOK 81.6b | NOK 27.3b | NOK 8.3b | 11.6x | 9.9x | 3x |
| Thu, 26 May 2022 | NOK 86.1b | NOK 27.3b | NOK 8.3b | 11.3x | 10.4x | 3.2x |
| Sat, 23 Apr 2022 | NOK 95.0b | NOK 27.1b | NOK 8.2b | 13.1x | 11.5x | 3.5x |
| Mon, 21 Mar 2022 | NOK 95.6b | NOK 27.1b | NOK 8.2b | 12.7x | 11.6x | 3.5x |
| Wed, 16 Feb 2022 | NOK 97.3b | NOK 26.9b | NOK 8.1b | 12.8x | 12x | 3.6x |
| Fri, 14 Jan 2022 | NOK 99.1b | NOK 25.9b | NOK 7.5b | 12.8x | 13.2x | 3.8x |
| Sun, 12 Dec 2021 | NOK 90.9b | NOK 25.9b | NOK 7.5b | 11.8x | 12.1x | 3.5x |
| Tue, 09 Nov 2021 | NOK 92.1b | NOK 25.3b | NOK 7.4b | 11.8x | 12.4x | 3.6x |
| Thu, 07 Oct 2021 | NOK 85.6b | NOK 24.5b | NOK 7.0b | 12x | 12.3x | 3.5x |
| Sat, 04 Sep 2021 | NOK 80.7b | NOK 24.4b | NOK 6.9b | 11.4x | 11.6x | 3.3x |
| Mon, 02 Aug 2021 | NOK 76.2b | NOK 24.4b | NOK 6.9b | 11x | 11x | 3.1x |
Price to Earnings Ratio
11x
Current Industry PE
- Investors are pessimistic on the Norwegian Regional Banks industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 8.7x which is lower than its 3-year average PE of 10.1x.
- The industry is trading close to its 3-year average PS ratio of 3.1x.
Past Earnings Growth
- The earnings for companies in the Regional Banks industry have grown 21% per year over the last three years.
- Revenues for these companies have grown 16% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Norwegian Regional Banks compare with similar industries?
| NO Market | -1.27% | |
| Financials | 0.53% | |
| Banks | 1.61% | |
| Regional Banks | 1.70% | |
| Diversified Banks | 1.58% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| SRBNK SpareBank 1 SR-Bank | NOK 138.80 | 3.1% +NOK 1.1b | 6.9% | PB1.1x | |
| MING SpareBank 1 SMN | NOK 158.28 | 3.0% +NOK 663.0m | 12.1% | PB0.9x | |
| NONG SpareBank 1 Nord-Norge | NOK 105.18 | 2.9% +NOK 297.2m | 8.8% | PB0.7x | |
| SOAG SpareBank 1 Østfold Akershus | NOK 342.00 | 3.6% +NOK 148.6m | 8.9% | PB1x | |
| SOON SpareBank 1 Sørøst-Norge | NOK 69.82 | 1.2% +NOK 114.7m | 39.9% | PB0.7x |