(Updates with dividend, analyst comment from third graph.)

Feb. 16 (Bloomberg) -- Komercni Banka AS, the Czech unit of Societe Generale SA, fell to the lowest in three weeks after fourth-quarter profit and proposed dividend missed estimates.

The stock slid as much as 5.4 percent to the lowest intraday level since Jan. 24, and traded down 3.4 percent to 3,552 koruna by 10:56 a.m. in Prague. The PX gauge of companies, where Komerni has a 17 percent weighting, declined 1.7 percent.

Net income fell to 2.43 billion koruna ($125 million) from 3.37 billion koruna a year earlier after a 1.06 billion-koruna impairment charge on Greek bonds, the bank said today. That missed the 3.09 billion-koruna median estimate from 10 analysts surveyed by Bloomberg. Komercni proposed to pay a dividend from 2011 profit of 160 koruna per share, down from 270 koruna a year earlier. That compares with a 220 koruna forecast compiled by Bloomberg.

“Overall, we consider the results slightly negative,” Milan Lavicka, an analyst at Prague-based J&T Banka AS, wrote in a report to clients today. “The proposed dividend of 160 koruna per share is disappointing.”

--Editors: Linda Shen, Ash Kumar

To contact the reporter on this story: Krystof Chamonikolas in Prague at kchamonikola@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net