Last 216.00 NOK
Change Today 0.00 / 0.00%
Volume 9.0K
MORG On Other Exchanges
Symbol
Exchange
As of 10:25 AM 12/23/14 All times are local (Market data is delayed by at least 15 minutes).

sparebanken more-cap cert (MORG) Snapshot

Open
216.00 NOK
Previous Close
216.00 NOK
Day High
218.00 NOK
Day Low
215.50 NOK
52 Week High
11/13/14 - 222.00 NOK
52 Week Low
04/7/14 - 192.00 NOK
Market Cap
2.1B
Average Volume 10 Days
3.7K
EPS TTM
43.09 NOK
Shares Outstanding
9.9M
EX-Date
03/27/14
P/E TM
5.0x
Dividend
8.00 NOK
Dividend Yield
3.70%
Current Stock Chart for SPAREBANKEN MORE-CAP CERT (MORG)

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sparebanken more-cap cert (MORG) Details

Sparebanken Møre, through 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 hedging products. It operates through a network of 30 branches located in 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.

386 Employees
Last Reported Date: 10/23/14
Founded in 1843

sparebanken more-cap cert (MORG) Top Compensated Officers

Chief Executive Officer, President and Managi...
Total Annual Compensation: 2.0M NOK
Chief Financial Officer, Head of Treasury & M...
Total Annual Compensation: 1.2M NOK
Executive Vice President of Retail Banking Di...
Total Annual Compensation: 1.3M NOK
Executive Vice President of Sunnmore Corporat...
Total Annual Compensation: 1.2M NOK
Executive Vice President of Sunnmore Corporat...
Total Annual Compensation: 1.1M NOK
Compensation as of Fiscal Year 2013.

sparebanken more-cap cert (MORG) Key Developments

Sparebanken Møre Announces Unaudited Group and Parent Earnings Results for Third Quarter and Nine Months Ended September 30, 2014

Sparebanken Møre announced unaudited group and parent earnings results for third quarter and nine months ended September 30, 2014. For the quarter, on group basis, the company reported net interest income of NOK 274 million, total income of NOK 426 million, pre-tax profit of NOK 284 million, profit after tax of NOK 233 million or NOK 11.65 per diluted share compared to the net interest income of NOK 267 million, total income of NOK 319 million, pre-tax profit of NOK 161 million, profit after tax of NOK 119 million or NOK 5.80 per diluted share for the same quarter a year ago. Return on equity was 20.8% compared to the 11.8% for the same quarter year ago. For the nine months, on group basis, the company reported net interest income of NOK 811 million, total income of NOK 1,085 million, pre-tax profit of NOK 642 million, profit after tax of NOK 496 million or NOK 24.90 per diluted share, net cash used in operating activities of NOK 234 million, purchase of fixed assets etc. of NOK 24 million compared to the net interest income of NOK 761 million, total income of NOK 907 million, pre-tax profit of NOK 437 million, profit after tax of NOK 320 million or NOK 15.45 per diluted share, net cash out flow from operating activities of NOK 1,349 million, purchase of fixed assets etc. of NOK 13 million for the same period a year ago. Return on equity was 15.0% compared to the 11.5% for the same period year ago. Book value per share was NOK 0.90 against NOK 0.85 a year ago. For the quarter, on parent basis, the company reported net interest income of NOK 204 million, total income of NOK 355 million, pre-tax profit of NOK 216 million, profit after tax of NOK 182 million or NOK 9.15 per diluted share compared to the net interest income of NOK 204 million, total income of NOK 256 million, pre-tax profit of NOK 104 million, profit after tax of NOK 77 million or NOK 3.73 per diluted share for the same quarter a year ago. For the nine months, on parent basis, the company reported net interest income of NOK 593 million, total income of NOK 1,021 million, pre-tax profit of NOK 594 million, profit after tax of NOK 501 million or NOK 25.10 per diluted share compared to the net interest income of NOK 597 million, total income of NOK 827 million, pre-tax profit of NOK 376 million, profit after tax of NOK 300 million or NOK 14.50 per diluted share for the same quarter a year ago.

Sparebanken Møre, Q3 2014 Earnings Call, Oct 23, 2014

Sparebanken Møre, Q3 2014 Earnings Call, Oct 23, 2014

Sparebanken Møre Announces Group Earnings Results for Second Quarter and Six Months Ended June 30, 2014 ; Announces Impairment for the Second Quarter of 2014

Sparebanken Møre announced group earnings results for second quarter and six months ended June 30, 2014. For the quarter, the company reported net interest income of NOK 268 million, total income of NOK 330 million, pre-tax profit of NOK 178 million, profit after tax of NOK 131 million or NOK 6.6 per diluted share compared to the net interest income of NOK 258 million, total income of NOK 309 million, pre-tax profit of NOK 158 million, profit after tax of NOK 116 million or NOK 6.8 per diluted share for the same quarter a year ago. Return on equity was 12.1% compared to the 12.9% for the same quarter year ago. For the six months period, the company reported net interest income of NOK 537 million, total income of NOK 659 million, pre-tax profit of NOK 358 million, profit after tax of NOK 263 million or NOK 13.15 per diluted share, net cash flow from operating activities of NOK 2 million, purchase of fixed assets etc. of NOK 6 million compared to the net interest income of NOK 494 million, total income of NOK 588 million, pre-tax profit of NOK 275 million, profit after tax of NOK 201 million or NOK 11.8 per diluted share, net cash out flow from operating activities of NOK 1,601 million, purchase of fixed assets etc. of NOK 6 million for the same period a year ago. Return on equity was 12.1% compared to the 11.3% for the same period year ago. For the second quarter of 2014, the company reported impairment on loans and guarantees etc. of NOK 8 million compared to the NOK 6 million for the same quarter year ago.

 

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Valuation MORG Industry Range
Price/Earnings 3.8x
Price/Sales 2.7x
Price/Book 0.4x
Price/Cash Flow 2.9x
TEV/Sales NM Not Meaningful
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