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Why Pareto Bank stock moves

Pareto Bank fell sharply without a company-news explanation.

Written after the close on ·

Why today

16,437 news analyzed today

Pareto Bank fell sharply without a company-news explanation.

Oslo Børs also fell sharply, so the bank moved more than the market.

Over the last five trading days, the shares rose slightly while the market fell sharply, so the bank moved against the market.

Its latest close sits well below its high of the past year but above its low.

Its trading volume was around its usual level, so the drop was not driven by unusually heavy trading.

Today's move of −1.68% was 2.0 times a normal day's 0.9%. Oslo Børs benchmark index moved −1.03% on the same day.

Pareto Bank −1.68%

Earlier days →

See the chart in ChartCompass, with every move explained →

What analysts expect, and how often they have been right

Analysts’ estimates for Pareto Bank.

Pareto Bank earned more than expected in 3 out of 8 reports.

Not in the chart because no estimate and result are available: 2 of the 10 reports in this period, the latest on March 5, 2026.

For comparison, about 46% of reports from Nordic companies beat the estimate in the last three years.

The share moved in the same direction as the earnings surprise in 7 out of 8 reports with a measured move, against about 63% of reports from Nordic companies.

Ratings

Now
Buy 1Hold 1Sell 0

A rating is the analyst’s own opinion about the share.

Price targets

Latest price 49.50 NOK

Price targets
Low 45.00Average 52.50High 60.00

The average target is 52.50 NOK, +6% relative to the latest price of 49.50 NOK. The range is 45.00 NOK–60.00 NOK. A target is the analyst’s estimate of a future share price. 2 analysts gave a target.

Earnings against expectations, and the share’s reaction

Earnings against expectations, and the share’s reaction-0.20.61.32.02.82025-01-24: 1.91; Expected EPS: 2.0724/1’25−2.9%2025-04-30: 2.16; Expected EPS: 2.0630/4’25+1.7%2025-07-18: 2.44; Expected EPS: 2.1318/7’25+1.0%2025-10-30: 2.13; Expected EPS: 2.0530/10’25−5.7%2026-01-29: 1.39; Expected EPS: 1.9329/1’26−4.5%2026-04-30: 0.84; Expected EPS: 1.7730/4’26−0.1%2026-07-17: 0.32; Expected EPS: 1.3717/7’26−9.6%2026-10-29: 0.19; Expected EPS: 0.6829/10’26−3.7%Next reported quarter: expected earnings per share of 0.16.→28/01

Expected EPSAbove estimateBelow estimateAs expectedNOK

Percentages below show the share’s report-day move; labels are report dates.

Next reported quarter: expected earnings per share of 0.16 NOK (January 28). For the current fiscal year, expected earnings per share changed from 3.26 NOK three months ago to 1.67 NOK now. 2026 estimate: 1.67 NOK. 2027 estimate: 5.12 NOK. One analyst made the estimate for the quarter.

Has the share price followed the business?

Price and earnings moved in the same direction: 1 out of 3 years. Across Nordic companies, that happens in about 60% of years. In 2025, the price changed +35% and earnings per share −2%.

Revenue, profit and market cap

Revenue, profit and market cap (bn NOK)0.02.65.17.72022: 0.962022: 0.5620222023: 1.122023: 0.5720232024: 1.252024: 0.6420242025: 1.302025: 0.622025Now2026: 1.1720262027: 1.1520272022: 3.343.32023: 4.144.12024: 5.195.22025: 6.997.0Now: 3.803.8

RevenueProfitMarket capHatched bars: analysts’ estimates.bn NOK

Market cap is 2.9 times 2025 revenue, against 3.5 in 2022. Profit in 2025: 624 m NOK.

Assets, liabilities and market cap

Assets, liabilities and market cap (bn NOK)01020302022: 22.302022: 18.0820222023: 25.852023: 20.8420232024: 27.242024: 21.8020242025: 25.342025: 19.602025Now2022: 3.3432023: 4.1442024: 5.1952025: 6.997Now: 3.804

AssetsLiabilitiesMarket capbn NOK

Assets minus liabilities leave 5.7 bn NOK for shareholders. Market cap is 0.7 times that equity.

Price and earnings moved in the same direction: 1 out of 3 years.Market cap (Now): 3.8 bn NOKRevenue 2025: 1.3 bn NOK

What the key figures say about Pareto Bank

The figures connect what Pareto Bank earns with what investors pay.

The line shows the share price in the same year, on its own scale. Hatched bars: analysts’ estimates.

Earnings per share2.73 NOK
NowEarnings per share2022: 7.71222023: 7.38232024: 8.29242025: 8.13252026: 1.67262027: 5.12272022: 47.852023: 53.902024: 67.602025: 91.10

Profit divided by the number of shares. Each share represents this much of the earnings.

2022–2025: 7.38 NOK–8.29 NOK. Peers: Djurslands Bank 101.49 DKK, Lån og Spar Bank 115.50 DKK, Aktia Pankki 0.13 EUR. 2026 estimate: 1.67 NOK (1.50 NOK–1.84 NOK). 2027 estimate: 5.12 NOK (4.11 NOK–6.13 NOK).

Revenue544 m NOK
NowRevenue2022: 963,642,000.00222023: 1,120,278,000.00232024: 1,252,914,000.00242025: 1,295,167,000.00252026: 1,168,486,980.00262027: 1,148,539,800.00272022: 47.852023: 53.902024: 67.602025: 91.10

What the company sold during the year.

2022–2025: 964 m NOK–1.3 bn NOK. Peers: Djurslands Bank 742 m DKK, Lån og Spar Bank 1.6 bn DKK, Aktia Pankki 289 m EUR. 2026 estimate: 1.2 bn NOK (1.2 bn NOK–1.2 bn NOK). 2027 estimate: 1.1 bn NOK (1.1 bn NOK–1.1 bn NOK).

Return on equity4.8%
NowReturn on equity2022: 13.16222023: 11.32232024: 11.71242025: 10.87252022: 47.852023: 53.902024: 67.602025: 91.10

Profit as a percentage of shareholders’ money in the company.

2022–2025: 10.9%–13.2%. Peers: Djurslands Bank 14.6%, Aktia Pankki 1.8%.

P/E18.1
NowP/E2022: 6.21222023: 7.30232024: 8.15242025: 11.21252026: 29.60262027: 9.6727

The price investors pay for each unit of annual earnings per share. Not shown for a loss.

2022–2025: 6.2–11.2. Peers: Djurslands Bank 11.6, Lån og Spar Bank 11.8, Aktia Pankki 89.8. 2026 estimate: 29.6. 2027 estimate: 9.7.

Market cap per unit of revenue (P/S)6.98
NowMarket cap per unit of revenue (P/S)2022: 3.47222023: 3.69232024: 4.14242025: 5.40252026: 3.25262027: 3.3127

What investors pay for each unit the company sells.

2022–2025: 3.47–5.40. Peers: Djurslands Bank 4.16, Lån og Spar Bank 2.94, Aktia Pankki 2.98. 2026 estimate: 3.25. 2027 estimate: 3.31.

Dividend per share8.00 NOK
NowDividend per share2017: 1.00172018: 1.60182019: 0.70192020: 2.00202021: 3.00212022: 3.50222023: 3.86232024: 3.90242025: 4.1525

Money paid to shareholders per share, summed by calendar year.

2017–2025: 0.70 NOK–4.15 NOK.

Dividend yield16.2%
NowDividend yield2022: 7.31222023: 7.16232024: 5.77242025: 4.5625

The ordinary yearly dividend as a percentage of the share price. Across Nordic companies, a yield of this size was followed by a lower dividend the next year in about 55% of cases, against about 17% below 5%.

2022–2025: 4.6%–7.3%. Peers: Djurslands Bank 1.7%, Lån og Spar Bank 1.5%, Aktia Pankki 6.8%.

More key figures
Market cap / equity (P/B)1.38
NowMarket cap / equity (P/B)2022: 0.79222023: 0.83232024: 0.95242025: 1.2225

Market cap divided by shareholders’ equity, what remains after liabilities.

2022–2025: 0.79–1.22. Peers: Djurslands Bank 1.58, Lån og Spar Bank 1.31, Aktia Pankki 1.32.

Free cash flow per share5.28 NOK
2025Free cash flow per share2022: -15.72222023: 4.08232024: 28.07242025: 5.28252022: 47.852023: 53.902024: 67.602025: 91.10

Cash left after investments, divided by the number of shares.

2022–2025: -15.72 NOK–28.07 NOK.

Equity ratio22.7%
2025Equity ratio2022: 18.93222023: 19.36232024: 19.96242025: 22.6625

The percentage of assets financed by shareholders’ equity.

2022–2025: 18.9%–22.7%.

The dividend explained

A dividend is money paid to shareholders. Pareto Bank paid 8.00 NOK per share in the twelve months through November 5, 2026.

On the ex-dividend day, April 10, 2026, Pareto Bank traded without the right to the 8.00 NOK dividend. The price went from 87.50 NOK to 78.50 NOK; including the dividend, the day's change was −1.1%. Entitlement passes from the company to shareholders on the ex-day; payment comes later.

2017: 1.00 NOK2018: 1.60 NOK2019: 0.70 NOK2020: 2.00 NOK2021: 3.00 NOK2022: 3.50 NOK2023: 3.86 NOK2024: 3.90 NOK2025: 4.15 NOK2026 so far: 8.00 NOK

What to watch next, and why

The earnings report shows how Pareto Bank's revenue and profit have changed.

  • Earnings report

    The earnings report shows how Pareto Bank's revenue and profit have changed.

    Add to calendar

Earnings report

Next report: · Add to calendar · Google Calendar

Report day1.6%

Normal day0.9%

On its last 15 report days Pareto Bank usually moved about 1.6%. On a normal day it moves 0.9%.

−3.73% Why? −9.63% −0.15% −0.35%

10,000 NOK in Pareto Bank bought on November 7, 2016 is worth 23,600 NOK today, with dividends reinvested.

The same amount in OSEBX with dividends would have become 32,900 NOK.

What would 10,000 NOK in Pareto Bank be worth today? →

What would 10,000 NOK in Pareto Bank be worth today?

23,600 NOK

with dividends reinvested, bought on November 7, 2016. The same amount in OSEBX with dividends would have become 32,900 NOK.

At worst it was worth 6,050 NOK (March 23, 2020).

The five biggest days of the journey

· +29.4% · the whole market rose 5.6% the same day

· −17.2% · the whole market fell 8.8% the same day

· −16.1% · the whole market fell 5.3% the same day

· −11.5% · the whole market fell 4.9% the same day

· −10.4% · the whole market rose 1.1% the same day

Earlier days

  • +5.54% Pareto Bank rose sharply over the week, while the Oslo Børs benchmark index fell sharply, so it moved against the market. Read →

    Pareto Bank rose sharply over the week, while the Oslo Børs benchmark index fell sharply, so it moved against the market.

    The rise was a big move for the bank, about three times a normal five-day stretch.

    Company news was mostly routine: a new bond interest rate was set, and Finanstilsynet, the financial regulator, raised the bank's extra capital requirement to 3.3% from 3.1%.

    Pareto Securities also lowered its share price target to 60 from 68, which weighs against the rise.

  • +3.05% Pareto Bank rose very sharply without company news. Read →

    Pareto Bank rose very sharply without company news.

    Over the last five trading days, the shares were roughly unchanged, while the Oslo Børs index fell clearly.

    In the last session, the market was roughly flat, so Pareto Bank's rise was specific to the bank.

    The move was very big for Pareto Bank, about four times a normal day, and moves that size happened about seven times in the past year.

    Likely drivers are stock-specific trading flows, since trading volume was well below its usual level.

  • +1.87% Pareto Bank rose, moving against a falling market. Read →

    Pareto Bank rose, moving against a falling market.

    The rise came alongside a new capital requirement set by the regulator at 3.3%, up from 3.1%.

    The Oslo benchmark fell clearly that day, so the stock moved against the market.

    Over the last five trading days, Pareto Bank fell clearly and moved more than the Oslo benchmark.

    The sharp fall followed weak third-quarter results, with lower interest income and higher loan losses.

  • +2.77% Pareto Bank rose, moving against a falling market. Read →

    Pareto Bank rose, moving against a falling market.

    Company news from that session is limited to a routine bond interest rate reset, which likely did not drive the share price.

    The stock fell sharply over the last five trading days, a big move for it.

    The next earnings report is due on Thursday 28 January 2027.

  • −4.29% Pareto Bank fell, against a slightly rising market. Read →

    Pareto Bank fell, against a slightly rising market.

    Its Q3 profit collapsed on heavy loan losses and property write-downs, and the company reported this the day before, after trading had closed. names the Pareto Bank drop among the day's moves, but the reporting of the results came out before that session.

    Note: the news line for the last session,, only shows the company name without an explanation.

    Over the last five trading days, Pareto Bank fell sharply while the Oslo market rose, a very big move for this stock.

    Most likely drivers: the weak third-quarter results, with lower net interest income, higher loan impairments and falling shipping and project loan volumes, reset expectations for the bank.

  • −6.20% Pareto Bank fell sharply this week while the wider market rose, a very big move for the stock. Read →

    Pareto Bank fell sharply this week while the wider market rose, a very big move for the stock.

    The main driver was its third-quarter report on Thursday 29 October, which showed profit plunging on heavy loan and property losses and a weaker lending outlook.

    Shares fell very sharply on Friday, on trading far above normal.

    Oslo's financial stocks rose over the same days, so the bank clearly underperformed.

  • −3.73% Pareto Bank fell, against a slightly rising market. Read →

    Pareto Bank fell, against a slightly rising market.

    Pareto Bank fell very sharply on a day when the Oslo Børs benchmark index rose slightly, so the stock moved clearly apart from the market.

    The main reason is the third-quarter report released in the last session: profit after tax fell to 27.7 million kroner from 176.8 million a year earlier, and reports of heavy property losses added to the sell-off.

    Pareto Bank fell slightly over the last five trading days, while the market rose sharply.

    The move was very big for this stock, about five times a normal day, and trading volume was well above its usual level.

  • +0.00% Pareto Bank was roughly unchanged on an ordinary-sized move. Read →

    Pareto Bank was roughly unchanged on an ordinary-sized move.

    Over the same day Oslo Børs was roughly flat, so the stock moved in line with the market.

    Trading was well above normal, about four times a usual session.

    Its latest close sits near the lowest level of the past year, well below its high from late December.

    The one item from the last session is a GF Value note, which points to possible upside but does not explain the day's move.

  • +0.79% Pareto Bank rose slightly without a company-news explanation. Read →

    Pareto Bank rose slightly without a company-news explanation.

    Over the last five trading days, the stock rose slightly, while Oslo Børs rose clearly, so it lagged the market.

    The move was an ordinary one for Pareto Bank, within its usual daily range.

    Trading volume was about twice a normal session, which may reflect general market activity rather than a company-specific event.

    The stock sits well below its highest close of the past year and near its lowest.

  • −1.38% Pareto Bank fell slightly over the last five trading days, while the Oslo Børs index was roughly flat. Read →

    Pareto Bank fell slightly over the last five trading days, while the Oslo Børs index was roughly flat.

    The drop likely reflects analysts' cautious views: DNB Carnegie, a brokerage, warned of a possible loss hit and lowered its price target, the share price it sees as fair, from 60 to 50 kroner.

    These notes came before the five-day window, so they only partly explain the move.

    The share price sits close to its lowest level of the past year.

  • −2.54% Pareto Bank fell sharply, more than the market. Read →

    Pareto Bank fell sharply, more than the market.

    Over the last five trading days the share was roughly unchanged, while the Oslo Børs index was also roughly flat.

    The last session's fall came as the wider Oslo Børs index fell sharply too, so the bank was hit hard by broad selling.

    Earlier news from DNB Carnegie cut its price target, the fair value it sees for the shares, and warned of a possible loss hit.

    The share trades near its lowest close of the past year, and trading volume was well below normal.

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