Nordea er ute med en oppdatering på Sparebank1 Nord-Norge i dag. De jekker opp kursmål til 85 kroner., og utbytte til 5,5 kroner.

Kjøpsanbefalingen gjentas.

De skriver;


Estimate and valuation changes

We increase our 2020E-21E EPS by 2% to
reflect a higher top line. Furthermore,
we increase our 2019E-20E DPS by 5-7%. The bank has said it has no intention of
staying overcapitalised, which suggests
to us a high dividend for 2019E.
However, possible changes to the Pillar 2 addition and the FSA's intention to
calibrate Norwegian banks' PD (probability of default) and LGD (loss given
default) parameters represent uncertain fact
ors. On balance, we forecast a 2019
dividend yield of ~7%. We reiterate our Buy rating with a new Gordon growth
model-based target price of NOK 85 (80).