Grong Sparebank (Norway) Today
| GRONG Stock | NOK 149.96 0.02 0.01% |
Performance1 of 100
| Odds Of DistressLess than 9
|
Grong Sparebank is selling at 149.96 as of the 1st of December 2024; that is 0.01 percent decrease since the beginning of the trading day. The stock's open price was 149.98. Grong Sparebank has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat weak performance during the last 90 days. Equity ratings for Grong Sparebank are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 12th of December 2022 and ending today, the 1st of December 2024. Click here to learn more.
Grong Sparebank, an independent savings bank, provides a range of banking products and services in Norway. Grong Sparebank was founded in 1862 and is based in Grong, Norway. GRONG SPAREBANK operates under BanksRegional classification in Norway and is traded on Oslo Stock Exchange. The company has 3.97 M outstanding shares. More on Grong Sparebank
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Grong Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Grong Sparebank's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Grong Sparebank or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO GM | Jon Solum |
| Thematic Idea | Banks (View all Themes) |
| Business Concentration | Banks, Banks—Regional, Financial Services (View all Sectors) |
Grong Sparebank (GRONG) is traded on Oslo Stock Exchange in Norway and employs 63 people. The company currently falls under 'Small-Cap' category with a current market capitalization of 635.6 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Grong Sparebank's market, we take the total number of its shares issued and multiply it by Grong Sparebank's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Grong Sparebank operates under Financial Services sector and is part of Banks—Regional industry. The entity has 3.97 M outstanding shares.
Grong Sparebank has accumulated about 892.5 M in cash with (220.29 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 300.25.
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Ownership AllocationThe market capitalization of Grong Sparebank is 635.6 Million. Grong Sparebank secures significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. Please take into account that even companies with profitable outlook can generate negative future returns on their equity. If the true value of the firm is less than the current market value, you may not be able generate positive returns on investment in the long run.
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Grong Sparebank Risk Profiles
Although Grong Sparebank's alpha and beta are two of the key measurements used to evaluate Grong Sparebank's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.5316 | |||
| Semi Deviation | 0.8791 | |||
| Standard Deviation | 1.07 | |||
| Variance | 1.14 |
Grong Stock Against Markets
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Grong Sparebank Corporate Management
Elected by the shareholders, the Grong Sparebank's board of directors comprises two types of representatives: Grong Sparebank inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Grong. The board's role is to monitor Grong Sparebank's management team and ensure that shareholders' interests are well served. Grong Sparebank's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Grong Sparebank's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Johan Trapnes | Chief Officer | Profile | |
| Torgeir Hanssen | Head Namsos | Profile | |
| Ann Klinkenberg | Head Digital | Profile | |
| Kjerstin Skistad | Sustainability Mang | Profile | |
| Fredrik Hagen | Head Mosjen | Profile | |
| Odd Myrvold | Mang Banking | Profile |
Other Information on Investing in Grong Stock
Grong Sparebank financial ratios help investors to determine whether Grong Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Grong with respect to the benefits of owning Grong Sparebank security.