OM:NORIONBanks
Norion Bank (OM:NORION): Valuation Check After Expanding Share Buyback to Over 5% Treasury Stake
Norion Bank (OM:NORION) just bought back another 2 million shares under its SEK 500 million repurchase program, lifting its treasury stake to over 5% and sharpening the focus on capital allocation.
See our latest analysis for Norion Bank.
The timing of this latest repurchase lines up with solid momentum, with a roughly 79% year to date share price return and a 73% one year total shareholder return suggesting the market is steadily rewarding Norion Bank’s story rather than chasing a short term...