Swedbank's analysts raised their target price for shares in Siauliu Bankas to 0.319 euros per share, from 0.29 euros previously, and reiterated their Buy recommendation on the stock.
„No remarkable outflow is expected from deposits taken over from Ukio Bankas,“ they said in the comment.
The analysts expect Siauliu Bankas to post a profit of 14.8 million litas (EUR 4.3 mln) this year.
Siauliu Bankas' shares closed at 0.279 euros on the NASDAQ OMX Vilnius stock exchange Tuesday.
