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

Shares of TBC Bank Group PLC (LON:TBCG) were down 2.8% during trading on Monday. The company traded as low as GBX 4,938 and last traded at GBX 4,940. Approximately 51,030 shares traded hands during trading, a decline of 86% from the average session volume of 374,896 shares. The stock had previously closed at GBX 5,080.

TBC Bank Group Stock Performance

The company has a 50-day moving average price of GBX 5,047 and a 200-day moving average price of GBX 4,779.28. The firm has a market capitalization of £2.72 billion, a price-to-earnings ratio of 1.86, a PEG ratio of 0.80 and a beta of 0.65.

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