As of January 1, 2015, Klepp Sparebank was acquired by Jaeren Sparebank, in a reverse merger transaction. Jæren Sparebank operates as an independent savings bank in Norway. Its deposit products include deposit accounts and business accounts. The company’s loan portfolio comprises vehicle loans, mortgages, construction loans, corporate loans, support credit, operating credit, guarantees, overdraft, bankcards, and bank reconciliations. It also offers home, auto, boat, and vehicle insurance products; person insurance products, such as children and youth, death, disease, and disability insurance; travel insurance; agriculture insurance products, including residential building, fixtures, crop and livestock, farm trucks and agricultural machines, and animal insurance; and insurance solutions for self-employed, small and large businesses, accountants, and clubs and societies. In addition, the company provides remittance and salary; payment; cars, machinery, and equipment leasing; and mobile, SMS, and online banking services. It operates through a network of seven branches. The company was founded in 1911 and is headquartered in Bryne, Norway.
Metrics to compare | JAREN | Sector Sector - Average of metrics from a broad group of related Financial sector companies | Relationship RelationshipJARENPeersSector | |
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P/E Ratio | 12.0x | 9.5x | 8.6x | |
PEG Ratio | 0.74 | 0.06 | 0.03 | |
Price/Book | 0.6x | 0.4x | 1.0x | |
Price / LTM Sales | 2.9x | 1.8x | 2.7x | |
Upside (Analyst Target) | −1.6% | 4.1% | 14.0% | |
Fair Value Upside | Unlock | 3.8% | 3.2% | Unlock |