In a report released today, Davide Rimini from Intesa Sanpaolo maintained a Buy rating on Banca Profilo SPA, with a price target of €0.35.
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Davide Rimini has given his Buy rating due to a combination of factors, including signs that Banca Profilo’s operating performance is beginning to stabilise despite lingering revenue weakness in some core areas. He highlights that disciplined cost management and solid contributions from the Finance and Digital divisions are helping to preserve profitability, which is further underpinned by the bank’s very strong capital and liquidity position.
He also points to strategic progress, such as the completed reorganisation of central, Finance and Digital functions, the rollout of a revamped Private Banking model, and the appointment of a new Head of Finance, which should support a gradual improvement from the second half of 2026. Based on an unchanged Gordon Growth Model framework, he confirms a fair value of EUR 0.35 per share, implying an attractive risk–return profile and justifying the unchanged Buy recommendation and price target of $0.35.