SAB1L Siauliu Bankas

Signet Bank Initiated Coverage of Šiaulių Bankas at target price of EUR 1.27

Signet Bank Initiated Coverage of Šiaulių Bankas at target price of EUR 1.27

28 March 2025, Signet, one off the leading Latvian investment banks, has initiated sponsored research of AB Šiaulių Bankas and published the initiation of coverage report. Analysis suggests a target price of EUR 1.27, which represents a compelling 35% upside potential over the bank’s current market valuation (EUR 0.94).

Šiaulių Bankas demonstrated robust loan portfolio expansion, recording a 5Y CAGR of 15%, while deposits have grown at an annual rate of 12%, outpacing broader market. The Bank has maintained a disciplined approach to cost control and delivered above-industry ROE in recent years.

Šiaulių Bankas` strong share price performance (+36% YTD) reflects solid investor confidence in Bank`s strategic development. However, the stock still trades at a notable discount of 30% on P/B basis, and 19% on P/E basis relative to peer averages, essentially deserving higher valuation with 14% ROE.

Looking ahead Signet analysts forecast the Bank to sustain attractive dividend yield within the 5.3% – 9.2% range over the 2025 – 2029 estimated horizon (5.6% in 2024), reinforcing its commitment to disciplined capital deployment and shareholder value maximization.

Based on Signet analyst`s estimates and key assumptions, Šiaulių Bankas equity is valued at EUR 1.27 per share, implying a 35% upside to the current market price (EUR 0.94).

Signet Bank is one of the first banks of independent Latvia. The Bank has focused its strategy on servicing entrepreneurs and their companies, with an emphasis on high-quality capital management and structuring investment projects.

Šiaulių Bankas is also covered by IPOPEMA, Enlight Research, Erste Group, Norne Securities, Swedbank and WOOD & Company. The analysts’ evaluations and reports are available to investors on Šiaulių Bankas' .

If you would like to receive Šiaulių Bankas news for investors directly to your inbox, subscribe to our .

 

 

 

Important Notice:

Signet Bank reports are prepared on behalf of Šiaulių Bankas and based on publicly available information. Reports are published for informational purposes only and do not constitute, and shall not be deemed to constitute, an investment recommendation to buy, sell or enter into any other transactions in respect of the shares of Šiaulių Bankas. The information provided may not form the basis of any subsequent transaction. Investors themselves are responsible for making investment decisions based on the information published.

 

Additional information: 

Tomas Varenbergas 

Head of Investment Management Division



EN
28/03/2025

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Siauliu Bankas

 PRESS RELEASE

Information on shares, voting rights and authorized capital

Information on shares, voting rights and authorized capital After the acquiring its own shares on 21 October 2025, Artea Bankas AB (hereinafter - the Bank) pursuant to Article 19(2) of the Law on Securities of the Republic of Lithuania provides information on the total number of voting rights granted by the shares issued by it and the amount of the authorized capital, the number of shares and their nominal value: Type of sharesOrdinary registered sharesISIN codeLT0000102253Bank’s LEI code549300TK038P6EV4YU51Nominal value of 1 share, EUR0.29Number of shares, units652 398 897Authorised capit...

 PRESS RELEASE

Informacija apie akcijas, balsų skaičių ir įstatinį kapitalą

Informacija apie akcijas, balsų skaičių ir įstatinį kapitalą AB Artea bankas (toliau – Bankas), įsigijęs savų akcijų, vadovaudamasis Lietuvos Respublikos vertybinių popierių įstatymo 19 str. 2 dalimi, pateikia informaciją apie bendrą jo išleistų akcijų suteikiamų balsavimo teisių kiekį ir įstatinio kapitalo dydį, akcijų kiekį ir jų nominaliąją vertę: Akcijų klasė Paprastosios vardinės akcijos ISIN kodas LT0000102253 Banko LEI kodas 549300TK038P6EV4YU51 Vienos akcijos nominalioji vertė, Eur 0,29 Akcijų skaičius, vnt. 652 398 897 Banko įstatinis kapitalas, Eur 189 195 680,13 Vis...

 PRESS RELEASE

Periodic announcement on the acquisition of the Bank‘s own shares and ...

Periodic announcement on the acquisition of the Bank‘s own shares and its results (week 2) This announcement contains information on transactions of the acquisition of own shares of AB Artea bankas (the Bank) carried during the period specified below under the announced on 01 October 2025.  The period during which the acquisition of the Bank's own shares under the programme was carried out – 06.10.2025 – 17.10.2025.  Period covered by this periodic report – 13.10.2025 – 17.10.2025.  Other information:  Transaction overview Date Total number of shares purchased on the day ( units) Weigh...

 PRESS RELEASE

Periodinis pranešimas dėl banko savų akcijų įsigijimo ir jo rezultatų ...

Periodinis pranešimas dėl banko savų akcijų įsigijimo ir jo rezultatų (2 savaitė) Šiame pranešime pateikiama informacija apie AB Artea banko (toliau – Bankas) sandorius, atliktus vykdant Banko savų akcijų įsigijimą pagal 2025-10-01 paskelbtą per žemiau nurodytą laikotarpį. Laikotarpis, kuriuo buvo vykdomas Banko savų akcijų įsigijimas pagal programą – 2025-10-06 – 2025-10-17. Laikotarpis, už kurį teikiamas šis periodinis pranešimas – 2025-10-13 – 2025-10-17. Kita informacija: Sandorių apžvalgaDataBendras dienos įsigytų akcijų kiekis (vnt.)Svertinis kainos vidurkis (EUR)Suminė sandorių ...

 PRESS RELEASE

Information on shares, voting rights and authorized capital

Information on shares, voting rights and authorized capital After the authorised capital reduction on 14 October 2025, Artea Bankas AB (hereinafter - the Bank) pursuant to Article 19(2) of the Law on Securities of the Republic of Lithuania provides information on the total number of voting rights granted by the shares issued by it and the amount of the authorized capital, the number of shares and their nominal value: Type of sharesOrdinary registered sharesISIN codeLT0000102253Bank’s LEI code549300TK038P6EV4YU51Nominal value of 1 share, EUR0.29Number of shares, units652 398 897Authorised c...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch