SpareBank 1 Ringerike Hadeland provides various banking products and services to retail and corporate customers in Norway. More Details
Average dividend payer and fair value.
Share Price & News
How has SpareBank 1 Ringerike Hadeland's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: RING is less volatile than 75% of Norwegian stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: RING's weekly volatility (3%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: RING exceeded the Norwegian Banks industry which returned 1.5% over the past year.
Return vs Market: RING exceeded the Norwegian Market which returned -0.7% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is SpareBank 1 Ringerike Hadeland's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall StInvestors In SpareBank 1 Ringerike Hadeland (OB:RING) Should Consider This, First
2 months ago | Simply Wall StDo Institutions Own SpareBank 1 Ringerike Hadeland (OB:RING) Shares?
2 months ago | Simply Wall StAre Insiders Buying SpareBank 1 Ringerike Hadeland (OB:RING) Stock?
Is SpareBank 1 Ringerike Hadeland undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: RING (NOK234) is trading below our estimate of fair value (NOK283.08)
Significantly Below Fair Value: RING is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: RING is good value based on its PE Ratio (5.7x) compared to the NO Banks industry average (9.6x).
PE vs Market: RING is good value based on its PE Ratio (5.7x) compared to the Norwegian market (15.4x).
Price to Earnings Growth Ratio
PEG Ratio: RING's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: RING is overvalued based on its PB Ratio (1x) compared to the NO Banks industry average (0.5x).
How is SpareBank 1 Ringerike Hadeland forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: RING's earnings are forecast to decline over the next 3 years (-24.1% per year).
Earnings vs Market: RING's earnings are forecast to decline over the next 3 years (-24.1% per year).
High Growth Earnings: RING's earnings are forecast to decline over the next 3 years.
Revenue vs Market: RING's revenue (5.3% per year) is forecast to grow slower than the Norwegian market (6.4% per year).
High Growth Revenue: RING's revenue (5.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: RING's Return on Equity is forecast to be low in 3 years time (9.5%).
How has SpareBank 1 Ringerike Hadeland performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RING has high quality earnings.
Growing Profit Margin: RING became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: RING's earnings have grown by 14.2% per year over the past 5 years.
Accelerating Growth: RING has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: RING has become profitable in the last year, making it difficult to compare its past year earnings growth to the Banks industry (-8.2%).
Return on Equity
High ROE: RING's Return on Equity (8.7%) is considered low.
How is SpareBank 1 Ringerike Hadeland's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: RING's Assets to Equity ratio (7.1x) is low.
Allowance for Bad Loans: Insufficient data to determine if RING has a sufficient allowance for bad loans.
Low Risk Liabilities: 72% of RING's liabilities are made up of primarily low risk sources of funding.
Loan Level: RING has an appropriate level of Loans to Assets ratio (84%).
Low Risk Deposits: RING's Loans to Deposits ratio (135%) is high.
Level of Bad Loans: Insufficient data to determine if RING has an appropriate level of bad loans.
What is SpareBank 1 Ringerike Hadeland current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: RING's dividend (5.68%) is higher than the bottom 25% of dividend payers in the Norwegian market (2.31%).
High Dividend: RING's dividend (5.68%) is low compared to the top 25% of dividend payers in the Norwegian market (5.88%).
Stability and Growth of Payments
Stable Dividend: RING's dividend payments have been volatile in the past 10 years.
Growing Dividend: RING's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (32.2%), RING's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: RING's dividends in 3 years are forecast to be covered by earnings (52.5% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Steinar Haugli (63 yo)
Mr. Steinar Haugli serves as Managing Director and Managing Bank Manager at SpareBank 1 Ringerike Hadeland. Mr. Haugli serves as Member of Supervisory Board at SpareBank 1 SR-Bank (formerly, Sparebanken Ro...
CEO Compensation Analysis
Compensation vs Market: Steinar's total compensation ($USD424.81K) is about average for companies of similar size in the Norwegian market ($USD585.04K).
Compensation vs Earnings: Steinar's compensation has been consistent with company performance over the past year.
|MD & ADM Bank Manager||12.08yrs||kr3.75m||0.055% |
|Bank Manager of Finance & Economics||5.92yrs||kr1.29m||no data|
|Bank Manager of Risk Management & Compliance||3.92yrs||kr1.15m||no data|
|Bank Manager Market & Communications||1.33yrs||kr464.00k||no data|
|Bank Manager HR & Business Support||1.33yrs||kr449.00k||no data|
|Bank Manager of Corporate Market||no data||kr1.53m||0.0054% |
|Bank Manager of Personal Market||1.33yrs||kr429.00k||no data|
|Bank Manager of Information & Public Affairs||no data||kr1.03m||0.021% |
|Bank Manager of Business Development||no data||kr1.22m||no data|
|Bank Manager of Personal Market||no data||kr1.48m||no data|
|Bank Manager of Customer Service||no data||kr901.23k||no data|
Experienced Management: RING's management team is considered experienced (2.6 years average tenure).
|Chairman of the Board||1.75yrs||kr300.00k||no data|
|Deputy Chairman||no data||kr236.00k||no data|
|Employee Representative Director||8.75yrs||kr193.00k||no data|
|Member of Supervisory Board||no data||kr38.00k||no data|
|Member of Supervisory Board||no data||no data||no data|
|Member of Supervisory Board||no data||kr2.00k||no data|
|Chairman of Supervisory Board||no data||no data||no data|
|Deputy Chairman of Supervisory Board||no data||no data||no data|
Experienced Board: RING's board of directors are considered experienced (3.7 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
SpareBank 1 Ringerike Hadeland's company bio, employee growth, exchange listings and data sources
- Name: SpareBank 1 Ringerike Hadeland
- Ticker: RING
- Exchange: OB
- Founded: 1833
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: kr3.662b
- Shares outstanding: 15.65m
- Website: https://www.sparebank1.no/ringerike-hadeland
Number of Employees
- SpareBank 1 Ringerike Hadeland
- Søndre Torv 6
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|RING||OB (Oslo Bors)||Yes||Primary Capital Certificates||NO||NOK||Jun 1996|
|0N01||LSE (London Stock Exchange)||Yes||Primary Capital Certificates||GB||NOK||Jun 1996|
|RINGO||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Primary Capital Certificates||GB||NOK||Jun 1996|
SpareBank 1 Ringerike Hadeland provides various banking products and services to retail and corporate customers in Norway. The company offers saving, deposit, and currency accounts; vehicle, house and trav...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/12/03 17:21|
|End of Day Share Price||2020/12/02 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.