Wood & Company issues BUY recommendation for Banca Transilvania’s shares
<p>The brokerage house Wood &amp; Company, based in Prague, kept their BUY recommendation on the shares of Romania’s largest bank by assets, Banca Transilvania (TLV), although they estimated a 14% fall by 14% in the next 12 months.&nbsp;</p>

<p>The dividend yield is expected to remain in the 4%-5% range over the coming three years after the record values of 5.6%-5.7% values in 2022-2023.</p>

<p>The analysts maintained the target price for TLV shares at RON 6.7 given to the shares of TLV, according to a research report published on the BVB Research platform.</p>

<p>“Overall, we see the bank’s 1Q24 results as positive. Despite the core pre-provision profit coming in largely in line with our expectations, we view the resilience of the NIM and the strong loan book expansion as constructive,” the report reads.</p>

<p>The price of TLV shares has risen by approximately 80% y/y and has a market capitalisation of RON 24.7 billion (EUR 5 billion).</p>

<p><em>iulian@romania-insider.com</em></p>

<p><em>(Photo source: Banca Transilvania)</em></p>