Last 53.00 NOK
Change Today -1.00 / -1.85%
Volume 92.8K
MING On Other Exchanges
Symbol
Exchange
OTC US
Berlin
As of 10:25 AM 04/23/14 All times are local (Market data is delayed by at least 15 minutes).

sparebank 1 smn (MING) Snapshot

Open
54.00 NOK
Previous Close
54.00 NOK
Day High
54.00 NOK
Day Low
52.50 NOK
52 Week High
01/22/14 - 60.25 NOK
52 Week Low
06/24/13 - 44.30 NOK
Market Cap
6.9B
Average Volume 10 Days
132.9K
EPS TTM
7.00 NOK
Shares Outstanding
129.8M
EX-Date
03/27/14
P/E TM
7.6x
Dividend
1.75 NOK
Dividend Yield
3.30%
Current Stock Chart for SPAREBANK 1 SMN (MING)

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sparebank 1 smn (MING) Details

SpareBank 1 SMN, together with its subsidiaries, provides various financial and banking products and services in Norway. The company provides personal financial advice; and various products in the fields of financing, savings and investment, insurance, and payment services. It also offers financial counseling in investment and operations financing, domestic and foreign money transfers, fixed income and currency hedging, investment of surplus liquidity, and insurance of individuals and buildings/operating equipment; and leasing and car fleet management solutions to the public and private sectors. In addition, the company sells and operates prepaid cards based on the Visa and MasterCard payment networks; and provides real estate agency, asset management, leasing, and accountancy services. Further, it is involved in owning, operating, and developing various commercial properties. The company operates in approximately 51 locations in 43 municipalities that serve 188,000 retail customers and 13,000 corporate customers in Trøndelag counties, Møre and Romsdal, and Sogn and Fjordane. SpareBank 1 SMN was founded in 1823 and is headquartered in Trondheim, Norway.

1,238 Employees
Last Reported Date: 03/27/14
Founded in 1823

sparebank 1 smn (MING) Top Compensated Officers

Group Chief Executive Officer, Managing Direc...
Total Annual Compensation: 6.0M NOK
Chief Financial Officer and Executive Directo...
Total Annual Compensation: 2.9M NOK
Head The Business Area of Products & Processe...
Total Annual Compensation: 2.1M NOK
Executive Director of Human Resources, Perfor...
Total Annual Compensation: 2.4M NOK
Executive Director of Group Customers, Credit
Total Annual Compensation: 2.6M NOK
Compensation as of Fiscal Year 2013.

sparebank 1 smn (MING) Key Developments

Sparebanken Midt Norge Primary Capital Cert. will Change its Name to SpareBank 1 SMN

Effective February 13, 2014, Sparebanken Midt Norge Primary Capital Cert. will change its name to SpareBank 1 SMN.

SpareBank 1 SMN Proposes Cash Dividend for 2013

SpareBank 1 SMN announced that its board of directors recommended a cash dividend of NOK 1.75 per equity certificate for the 2013 financial year, up from NOK 1.50 per certificate a year ago. The increased dividend represents a payout ratio of 25%.

SpareBank 1 SMN Reports Standalone and Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013

SpareBank 1 SMN reported standalone and consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the group reported standalone net interest of NOK 402 million against NOK 367 million for the same period in the last year. Total income was NOK 615 million compared to NOK 704 million a year ago. Result before tax was NOK 368 million compared to NOK 279 million for the same period in the last year. Net profit was NOK 260 million against NOK 225 million for the same period in the last year. Return on equity was 10.7% against 10.5% for the same period in the last year. For the year, the group reported standalone net interest of NOK 1,487 million against NOK 1,373 million for the same period in the last year. Total income was NOK 2,981 million compared to NOK 2,540 million a year ago. Result before tax was NOK 1,701 million compared to NOK 1,283 million for the same period in the last year. Net profit was NOK 1,348 million against NOK 1,025 million for the same period in the last year. Return on equity was 14.7% against 13.2% for the same period in the last year. Net cash used in operations was NOK 3.842 million compared to NOK 2.096 million a year ago. Increase in tangible fixed assets was NOK 22 million compared to NOK 92 million a year ago. For the quarter, the group reported consolidated net interest of NOK 436 million against NOK 399 million for the same period in the last year. Result before tax was NOK 476 million compared to NOK 302 million for the same period in the last year. Net profit was NOK 361 million against NOK 260 million for the same period in the last year. Return on equity was 13.1% against 10.5% for the same period in the last year. Earnings per equity certificate (EC) were NOK 1.79 against NOK 1.29 for the same period a year ago. For the year, the group reported consolidated net interest of NOK 1,616 million against NOK 1,477 million for the same period in the last year. Result before tax was NOK 1,758 million compared to NOK 1,355 million for the same period in the last year. Net profit was NOK 1,400 million against NOK 1,077 million for the same period in the last year. Return on equity was 11.9 % against 11.7 % for the same period in the last year. Ordinary operating profit was NOK 1,888 million. Earnings per equity certificate (EC) were NOK 6.92 against NOK 5.21 for the same period a year ago. Net cash used in operations was NOK 4.018 million compared to NOK 2.760 million a year ago. Increase in tangible fixed assets was NOK 31 million compared to NOK 279 million a year ago.

 

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Valuation MING Industry Range
Price/Earnings 5.1x
Price/Sales 2.0x
Price/Book 0.6x
Price/Cash Flow 5.1x
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