Affärsvärlden has become more positive on Noba Bank, although the publication chooses to maintain its Neutral rating on the stock. This emerges from a comment on Tuesday.
The niche bank is showing strong growth, good cost control and falling credit losses. In addition, an unusual nine-month dividend is proposed while a potential buyback programme is being planned. It certainly appears that private equity owner Nordic Capital wants to maintain interest in the stock, the publication assesses.
“We have a Neutral rating on Noba, which we are not changing here and now, although today’s strong figures are making us slowly but surely somewhat more positive on the stock,” Affärsvärlden writes.
