Bank of Ireland Group (LON:BIRG) Shares Up 3.5% – Still a Buy?

Bank of Ireland Group plc (LON:BIRG) rose 3.5% during trading on Monday . The stock traded as high as GBX 10.22 ($0.13) and last traded at GBX 10.13 ($0.13). Approximately 156,791 shares changed hands during mid-day trading, a decline of 49% from the average daily volume of 310,333 shares. The stock had previously closed at GBX 9.79 ($0.13).

Bank of Ireland Group Stock Performance

The stock has a 50-day moving average price of GBX 10.77 and a two-hundred day moving average price of GBX 9.56. The stock has a market capitalization of £10.17 billion, a PE ratio of 6.87 and a beta of 1.15.

Bank of Ireland Group Cuts Dividend

The company also recently declared a dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 1st will be issued a dividend of €0.28 ($0.32) per share. This represents a yield of 2.35%. The ex-dividend date is Thursday, May 1st. Bank of Ireland Group’s dividend payout ratio is currently 4,748.04%.

About Bank of Ireland Group

Bank of Ireland Group is one of the largest financial services groups in Ireland, with total assets of €156 billion at 31 December 2023. We provide a broad range of banking and other financial services. We are organised into four trading segments (Retail Ireland; Wealth & Insurance; Retail UK; and Corporate & Commercial) and one support division (Group Centre) to effectively serve our customers.