TBC Bank Group (LON:TBCG) Stock Price Down 2.8% – Here’s What Happened

TBC Bank Group PLC (LON:TBCG)’s share price was down 2.8% during mid-day trading on Monday. The company traded as low as GBX 4,938 and last traded at GBX 4,940. 51,030 shares changed hands during trading, a decline of 86% from the average daily volume of 374,896 shares. The stock had previously closed at GBX 5,080.

TBC Bank Group Price Performance

The stock has a market capitalization of £2.72 billion, a PE ratio of 1.86, a P/E/G ratio of 0.80 and a beta of 0.65. The company’s 50 day moving average price is GBX 5,047 and its two-hundred day moving average price is GBX 4,779.28.

TBC Bank Group (LON:TBCG) last issued its earnings results on Friday, August 7th. The company reported GBX 382.48 earnings per share (EPS) for the quarter. TBC Bank Group had a return on equity of 23.55% and a net margin of 24.33%. Analysts forecast that TBC Bank Group PLC will post 7.61 earnings per share for the current year.

About TBC Bank Group

TBC Bank Group PLC (“TBC PLC”) is a public limited company registered in England and Wales. TBC PLC is the parent company of JSC TBC Bank (“TBC Bank”) and a group of companies that principally operate in Georgia in the financial sector. TBC Bank, together with its subsidiaries, is a leading universal banking group in Georgia. TBC PLC also offers non-financial services via TNET, the largest digital ecosystem in Georgia. Since 2019, TBC PLC has expanded its operations into Uzbekistan by operating fast growing retail digital financial services in the country.