2025 Q4 -tulosraportti
54 päivää sitten
‧31 min
3,50 DKK/osake
Viimeisin osinko
1,24%Tuotto/v
Tarjoustasot
Nasdaq Copenhagen
Määrä
Osto
-
Myynti
Määrä
-
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| 7 | - | - | ||
| 13 | - | - | ||
| 6 | - | - | ||
| 26 | - | - | ||
| 5 | - | - |
Välittäjätilasto
Dataa ei löytynyt
Yhtiötapahtumat
Datan lähde: FactSet, Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q1 -tulosraportti 6.5. |
| Menneet tapahtumat | ||
|---|---|---|
2025 Q4 -tulosraportti 6.2. | ||
2025 Q3 -tulosraportti 30.10.2025 | ||
2025 Q2 -tulosraportti 14.8.2025 | ||
2025 Q1 -tulosraportti 8.5.2025 | ||
2024 Q4 -tulosraportti 7.2.2025 |
Asiakkaat katsoivat myös
Shareville
Liity keskusteluun SharevillessäShareville on aktiivisten yksityissijoittajien yhteisö, jossa voit seurata muiden asiakkaiden kaupankäyntiä ja omistuksia.
Kirjaudu
·11.3.What is your primary reason for owning Skjern Bank instead of other local banks right now? Is it the dividend or the valuation that is the main draw?
·12.3.low dividend yield is perfectly fine for me (skjern has low dividend for being a bank just a little over 1% in dividend) I live in norge, so I get withholding tax on dividends, so if the dividend can rather be reinvested for good returns directly in the company, it's not negative for me
·23.12.2025Christmas peace is truly starting to settle, and one can - almost - tie a knot on the past year. Personally, I heavily invested in financial stocks about five years ago with the expectation that there would be a re-pricing of the sector. It took a little longer than I had imagined, but 2025 truly became the year when the market realized that banks should no longer be traded significantly below intrinsic value and at P/E ratios that are really only reserved for companies heading for bankruptcy. Just a few examples of how the market looked as of 31.12.2023: • Jyske Bank: Price 484 corresponding to P/B of 0.73 and P/E 4.33 (measured on Q4 2023) • Skjern Bank: Price 143.50 corresponding to P/B of 0.87 and P/E of 5.08 (measured on Q4 2023) • Nordfyns Bank: Price 274 corresponding to P/B of 0.66 and P/E of 3.36 (measured on Q4 2023) • Vestjysk Bank: Price 3.89 corresponding to P/B of 0.74 and P/E of 3.36 (measured on Q4 2023) And one could continue like this for all the listed banks. The interesting question is whether bank stocks were undervalued then, or if they are overvalued today, two years later. My conclusion is quite clear: Bank stocks were treated as high-risk securities due to their checkered past during the financial crisis, even though there are no indications of significant losses on the banks' loans. All signs point to better credit quality all around. The Financial Supervisory Authority's scenario analyses on robustness also confirm that this is a solid industry. Unlike other industries, we as bank shareholders have been favored in recent years by the fact that the market's valuation is being litmus-tested by the industry itself. Here, it has repeatedly shown that the multiples at which competitors are willing to trade a bank have been at a significant premium compared to the market. The market has naturally reacted with a re-pricing. Also to an extent that several of the banks, in my view, are now fairly valued. I have previously described the paradox that everyone believes the consolidation wave will continue, but no one sees themselves as the bank that will be acquired. I have also previously mentioned the FOMO that must exist in some executive corridors, where the choices one faces, simplified, must be “eat or be eaten.” At the same time, the boards are facing the “problem” that we could see coming several years ago: The otherwise ever-increasing capital requirements have now - broadly across the industry – been met. Therefore, the boards must decide how the ongoing profit should be distributed: To shareholders in the form of (1) dividends and/or (2) share buybacks or consolidation (possibly to prepare for an acquisition). The best defense against an acquisition, in my assessment, will be a high valuation, which is best achieved through a shareholder-friendly strategy. Nordfyns Bank's management chose the opposite strategy – and paid for it. The very best signal of a shareholder-friendly strategy is share buybacks. Jyske Bank has had the relatively largest buyback program in 2025. I know that many other factors are at play than share buybacks, but I would advise everyone to graph the price of Jyske Bank shares over the past year (and subtract the temporary consequence of Trump's “Liberation Day” on April 2, 2025). A ruler can almost be placed on the price. I believe that the share buyback has had a huge influence on this. When we get to the annual reports and the banks' announcements of expectations for 2026, we know that from a historical perspective, they will announce conservatively. But the aspect I will look for most when the annual reports are presented is the distribution of the 2025 profit, and thus whether, and if so how much, the banks will allocate to buyback programs. Danske Bank, Jyske Bank, Ringkjøbing Landbobank, Sparekassen Sjælland-Fyn, Skjern Bank, and Djurslands Bank have all been well underway in 2025. The same was true for Sydbank before the merger with Arbejdernes Landbank and Vestjysk Bank. But now that capital requirements are even more met by all banks, it will be interesting to see if other managements and boards will join the buyback wave. My own expectations for 2026 are: Stabilized or slightly increasing net interest and fee income (based on larger lending) for most banks. Unchanged losses. And then I believe it will become increasingly clear that size - in this area - matters. The large banks will continue to distance themselves from the small ones in terms of cost management (to be continued).
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Sharevillen käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Uutiset
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
2025 Q4 -tulosraportti
54 päivää sitten
‧31 min
3,50 DKK/osake
Viimeisin osinko
1,24%Tuotto/v
Uutiset
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Shareville
Liity keskusteluun SharevillessäShareville on aktiivisten yksityissijoittajien yhteisö, jossa voit seurata muiden asiakkaiden kaupankäyntiä ja omistuksia.
Kirjaudu
- ·11.3.What is your primary reason for owning Skjern Bank instead of other local banks right now? Is it the dividend or the valuation that is the main draw?·12.3.low dividend yield is perfectly fine for me (skjern has low dividend for being a bank just a little over 1% in dividend) I live in norge, so I get withholding tax on dividends, so if the dividend can rather be reinvested for good returns directly in the company, it's not negative for me
- ·23.12.2025Christmas peace is truly starting to settle, and one can - almost - tie a knot on the past year. Personally, I heavily invested in financial stocks about five years ago with the expectation that there would be a re-pricing of the sector. It took a little longer than I had imagined, but 2025 truly became the year when the market realized that banks should no longer be traded significantly below intrinsic value and at P/E ratios that are really only reserved for companies heading for bankruptcy. Just a few examples of how the market looked as of 31.12.2023: • Jyske Bank: Price 484 corresponding to P/B of 0.73 and P/E 4.33 (measured on Q4 2023) • Skjern Bank: Price 143.50 corresponding to P/B of 0.87 and P/E of 5.08 (measured on Q4 2023) • Nordfyns Bank: Price 274 corresponding to P/B of 0.66 and P/E of 3.36 (measured on Q4 2023) • Vestjysk Bank: Price 3.89 corresponding to P/B of 0.74 and P/E of 3.36 (measured on Q4 2023) And one could continue like this for all the listed banks. The interesting question is whether bank stocks were undervalued then, or if they are overvalued today, two years later. My conclusion is quite clear: Bank stocks were treated as high-risk securities due to their checkered past during the financial crisis, even though there are no indications of significant losses on the banks' loans. All signs point to better credit quality all around. The Financial Supervisory Authority's scenario analyses on robustness also confirm that this is a solid industry. Unlike other industries, we as bank shareholders have been favored in recent years by the fact that the market's valuation is being litmus-tested by the industry itself. Here, it has repeatedly shown that the multiples at which competitors are willing to trade a bank have been at a significant premium compared to the market. The market has naturally reacted with a re-pricing. Also to an extent that several of the banks, in my view, are now fairly valued. I have previously described the paradox that everyone believes the consolidation wave will continue, but no one sees themselves as the bank that will be acquired. I have also previously mentioned the FOMO that must exist in some executive corridors, where the choices one faces, simplified, must be “eat or be eaten.” At the same time, the boards are facing the “problem” that we could see coming several years ago: The otherwise ever-increasing capital requirements have now - broadly across the industry – been met. Therefore, the boards must decide how the ongoing profit should be distributed: To shareholders in the form of (1) dividends and/or (2) share buybacks or consolidation (possibly to prepare for an acquisition). The best defense against an acquisition, in my assessment, will be a high valuation, which is best achieved through a shareholder-friendly strategy. Nordfyns Bank's management chose the opposite strategy – and paid for it. The very best signal of a shareholder-friendly strategy is share buybacks. Jyske Bank has had the relatively largest buyback program in 2025. I know that many other factors are at play than share buybacks, but I would advise everyone to graph the price of Jyske Bank shares over the past year (and subtract the temporary consequence of Trump's “Liberation Day” on April 2, 2025). A ruler can almost be placed on the price. I believe that the share buyback has had a huge influence on this. When we get to the annual reports and the banks' announcements of expectations for 2026, we know that from a historical perspective, they will announce conservatively. But the aspect I will look for most when the annual reports are presented is the distribution of the 2025 profit, and thus whether, and if so how much, the banks will allocate to buyback programs. Danske Bank, Jyske Bank, Ringkjøbing Landbobank, Sparekassen Sjælland-Fyn, Skjern Bank, and Djurslands Bank have all been well underway in 2025. The same was true for Sydbank before the merger with Arbejdernes Landbank and Vestjysk Bank. But now that capital requirements are even more met by all banks, it will be interesting to see if other managements and boards will join the buyback wave. My own expectations for 2026 are: Stabilized or slightly increasing net interest and fee income (based on larger lending) for most banks. Unchanged losses. And then I believe it will become increasingly clear that size - in this area - matters. The large banks will continue to distance themselves from the small ones in terms of cost management (to be continued).
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Sharevillen käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tarjoustasot
Nasdaq Copenhagen
Määrä
Osto
-
Myynti
Määrä
-
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| 7 | - | - | ||
| 13 | - | - | ||
| 6 | - | - | ||
| 26 | - | - | ||
| 5 | - | - |
Välittäjätilasto
Dataa ei löytynyt
Asiakkaat katsoivat myös
Yhtiötapahtumat
Datan lähde: FactSet, Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q1 -tulosraportti 6.5. |
| Menneet tapahtumat | ||
|---|---|---|
2025 Q4 -tulosraportti 6.2. | ||
2025 Q3 -tulosraportti 30.10.2025 | ||
2025 Q2 -tulosraportti 14.8.2025 | ||
2025 Q1 -tulosraportti 8.5.2025 | ||
2024 Q4 -tulosraportti 7.2.2025 |
2025 Q4 -tulosraportti
54 päivää sitten
‧31 min
Uutiset
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Yhtiötapahtumat
Datan lähde: FactSet, Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q1 -tulosraportti 6.5. |
| Menneet tapahtumat | ||
|---|---|---|
2025 Q4 -tulosraportti 6.2. | ||
2025 Q3 -tulosraportti 30.10.2025 | ||
2025 Q2 -tulosraportti 14.8.2025 | ||
2025 Q1 -tulosraportti 8.5.2025 | ||
2024 Q4 -tulosraportti 7.2.2025 |
3,50 DKK/osake
Viimeisin osinko
1,24%Tuotto/v
Shareville
Liity keskusteluun SharevillessäShareville on aktiivisten yksityissijoittajien yhteisö, jossa voit seurata muiden asiakkaiden kaupankäyntiä ja omistuksia.
Kirjaudu
- ·11.3.What is your primary reason for owning Skjern Bank instead of other local banks right now? Is it the dividend or the valuation that is the main draw?·12.3.low dividend yield is perfectly fine for me (skjern has low dividend for being a bank just a little over 1% in dividend) I live in norge, so I get withholding tax on dividends, so if the dividend can rather be reinvested for good returns directly in the company, it's not negative for me
- ·23.12.2025Christmas peace is truly starting to settle, and one can - almost - tie a knot on the past year. Personally, I heavily invested in financial stocks about five years ago with the expectation that there would be a re-pricing of the sector. It took a little longer than I had imagined, but 2025 truly became the year when the market realized that banks should no longer be traded significantly below intrinsic value and at P/E ratios that are really only reserved for companies heading for bankruptcy. Just a few examples of how the market looked as of 31.12.2023: • Jyske Bank: Price 484 corresponding to P/B of 0.73 and P/E 4.33 (measured on Q4 2023) • Skjern Bank: Price 143.50 corresponding to P/B of 0.87 and P/E of 5.08 (measured on Q4 2023) • Nordfyns Bank: Price 274 corresponding to P/B of 0.66 and P/E of 3.36 (measured on Q4 2023) • Vestjysk Bank: Price 3.89 corresponding to P/B of 0.74 and P/E of 3.36 (measured on Q4 2023) And one could continue like this for all the listed banks. The interesting question is whether bank stocks were undervalued then, or if they are overvalued today, two years later. My conclusion is quite clear: Bank stocks were treated as high-risk securities due to their checkered past during the financial crisis, even though there are no indications of significant losses on the banks' loans. All signs point to better credit quality all around. The Financial Supervisory Authority's scenario analyses on robustness also confirm that this is a solid industry. Unlike other industries, we as bank shareholders have been favored in recent years by the fact that the market's valuation is being litmus-tested by the industry itself. Here, it has repeatedly shown that the multiples at which competitors are willing to trade a bank have been at a significant premium compared to the market. The market has naturally reacted with a re-pricing. Also to an extent that several of the banks, in my view, are now fairly valued. I have previously described the paradox that everyone believes the consolidation wave will continue, but no one sees themselves as the bank that will be acquired. I have also previously mentioned the FOMO that must exist in some executive corridors, where the choices one faces, simplified, must be “eat or be eaten.” At the same time, the boards are facing the “problem” that we could see coming several years ago: The otherwise ever-increasing capital requirements have now - broadly across the industry – been met. Therefore, the boards must decide how the ongoing profit should be distributed: To shareholders in the form of (1) dividends and/or (2) share buybacks or consolidation (possibly to prepare for an acquisition). The best defense against an acquisition, in my assessment, will be a high valuation, which is best achieved through a shareholder-friendly strategy. Nordfyns Bank's management chose the opposite strategy – and paid for it. The very best signal of a shareholder-friendly strategy is share buybacks. Jyske Bank has had the relatively largest buyback program in 2025. I know that many other factors are at play than share buybacks, but I would advise everyone to graph the price of Jyske Bank shares over the past year (and subtract the temporary consequence of Trump's “Liberation Day” on April 2, 2025). A ruler can almost be placed on the price. I believe that the share buyback has had a huge influence on this. When we get to the annual reports and the banks' announcements of expectations for 2026, we know that from a historical perspective, they will announce conservatively. But the aspect I will look for most when the annual reports are presented is the distribution of the 2025 profit, and thus whether, and if so how much, the banks will allocate to buyback programs. Danske Bank, Jyske Bank, Ringkjøbing Landbobank, Sparekassen Sjælland-Fyn, Skjern Bank, and Djurslands Bank have all been well underway in 2025. The same was true for Sydbank before the merger with Arbejdernes Landbank and Vestjysk Bank. But now that capital requirements are even more met by all banks, it will be interesting to see if other managements and boards will join the buyback wave. My own expectations for 2026 are: Stabilized or slightly increasing net interest and fee income (based on larger lending) for most banks. Unchanged losses. And then I believe it will become increasingly clear that size - in this area - matters. The large banks will continue to distance themselves from the small ones in terms of cost management (to be continued).
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Sharevillen käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tarjoustasot
Nasdaq Copenhagen
Määrä
Osto
-
Myynti
Määrä
-
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| 7 | - | - | ||
| 13 | - | - | ||
| 6 | - | - | ||
| 26 | - | - | ||
| 5 | - | - |
Välittäjätilasto
Dataa ei löytynyt