Kepler Capital Sticks to Its Hold Rating for SpareBank 1 SMN (SRMGF)

Kepler Capital analyst Christoffer Adams maintained a Hold rating on SpareBank 1 SMN (SRMGF) yesterday and set a price target of NOK77.00. The company’s shares closed last Wednesday at $5.39, close to its 52-week low of $5.39.

According to, Adams has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -14.0% and a 31.5% success rate. Adams covers the Financial sector, focusing on stocks such as SpareBank 1 Nord-Norge, Helgeland Sparebank, and Deutsche Bank AG.

Currently, the analyst consensus on SpareBank 1 SMN is a Hold with an average price target of $7.54.

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SpareBank 1 SMN’s market cap is currently $700.2M and has a P/E ratio of 5.40. The company has a Price to Book ratio of 0.51.

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SpareBank 1 SMN is a regional bank offering retail and corporate banking services and principally operating in Norway. The bank is among the owners of the SpareBank 1 Alliance. A key element of the bank’s is to maintain a variety of office solutions in municipal and administrative centers where the bank’s customers are drawn. The bank is also making a push into digital banking channels via the Internet and mobile banking. The bank’s credit is heavily exposed to the real estate, construction, sea farming, agriculture, fisheries, shipbuilding, offshore, and retail industries, as well as the public and energy sectors. The bank’s income is split nearly evenly between net interest income and net fees and commission income.

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