TBC Bank Group (LON:TBCG) Stock Price Down 0.2% - Here's Why

Key Points

• TBC Bank Group PLC's stock price decreased by 0.2%, trading between GBX 4,450 and GBX 4,467.80, with a notable 65% decline in trading volume compared to its average.
• The company has a market capitalization of £2.47 billion and the board initiated a stock buyback plan, suggesting they believe the shares are undervalued.
• TBC Bank Group operates primarily in Georgia and is considered a leading universal banking group in the region.

TBC Bank Group PLC (LON:TBCG - Get Free Report) shares were down 0.2% during mid-day trading on Tuesday . The stock traded as low as GBX 4,450 ($59.75) and last traded at GBX 4,467.80 ($59.99). Approximately 75,643 shares changed hands during mid-day trading, a decline of 65% from the average daily volume of 216,097 shares. The stock had previously closed at GBX 4,475 ($60.08).

TBC Bank Group Stock Down 0.2%

The company has a 50 day simple moving average of GBX 4,544.53 and a 200-day simple moving average of GBX 4,509.88. The stock has a market capitalization of £2.47 billion, a price-to-earnings ratio of 188.28, a price-to-earnings-growth ratio of 0.80 and a beta of 1.07.

TBC Bank Group declared that its Board of Directors has initiated a stock buyback plan on Friday, August 8th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company's board believes its shares are undervalued.

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.

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