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

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

Bank of Ireland Group Trading Up 3.5 %

The firm’s 50 day simple moving average is GBX 10.77 and its 200 day simple moving average is GBX 9.56. The firm has a market cap 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. Investors of record on Thursday, May 1st will be paid a dividend of €0.28 ($0.32) per share. This represents a yield of 2.35%. The ex-dividend date of this dividend is Thursday, May 1st. Bank of Ireland Group’s payout ratio is presently 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.