ENLIGHT Research predicts a significant rise for shares of Šiaulių banka

Estonian investment research firm ENLIGHT Research has published its report on the 3rd quarter results of listed Šiaulių banka, showing that revenues were lower but profits exceeded forecasts. Analysts are sure that investors, especially Lithuanians, will continue to appreciate the bank’s performance, so the share price has plenty of room for growth.

ENLIGHT Research does not consider that the revenues, which were 4% lower than the forecasts, should be taken too negatively, as the net profit of 24 mln. in the amount of EUR 15% was above estimates. Additionally, the 37% year-over-year increase in Q3 net profit is very impressive.