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Piraeus Bank S.A.ATSE:TPEIR Stock Report

Market Cap €11.2b
Share Price
€9.11
€10.19
10.5% undervalued intrinsic discount
1Y65.3%
7D2.4%
1D
Portfolio Value
View

Piraeus Bank S.A.

ATSE:TPEIR Stock Report

Market Cap: €11.2b

TPEIR Community Fair Values

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Piraeus Bank S.A. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Piraeus Bank
Historical stock prices
Current Share Price€9.11
52 Week High€9.26
52 Week Low€5.29
Beta0.88
1 Month Change14.62%
3 Month Change22.41%
1 Year Change65.25%
3 Year Change216.17%
5 Year Change490.16%
Change since IPO-99.90%

Recent News & Updates

Narrative Update May 04

TPEIR: AI Hub And Share Buyback Will Support 2026 To 2030 Plan

Analysts have nudged their price target for Piraeus Bank higher to about €10.13 from roughly €9.90, citing updated assumptions for revenue growth, profit margins, and a slightly different forward P/E input in their valuation work. What's in the News Piraeus is expanding its collaboration with Accenture through a dedicated AI Hub, supported by Anthropic, to design, develop, and scale AI capabilities across the full banking value chain, including operations, customer experience, risk, and compliance (Key Developments).
Narrative Update Apr 19

TPEIR: Share Buyback And Higher Profitability Will Support 2026 To 2030 Plan

Analysts have raised their price target for Piraeus Bank from €9.64 to €9.90, citing updated assumptions around the discount rate, revenue growth, profit margin and future P/E that refine their view of the bank's valuation profile. What's in the News Piraeus Bank S.A. was added as a constituent to an index, indicating inclusion in a tracked benchmark (Index Constituent Adds).
Narrative Update Apr 03

TPEIR: Share Buyback Will Support 2026 To 2030 Plan

Analysts have nudged their price target on Piraeus Bank slightly higher to €9.64 from €9.62, citing updated assumptions for revenue growth, profit margins and the bank's future P/E profile. What's in the News Piraeus Bank scheduled a Special and Extraordinary Shareholders Meeting for April 21, 2026, giving investors a key date to watch for potential corporate decisions (Key Developments).
Narrative Update Mar 20

TPEIR: Share Buyback And Margin Outlook Will Support 2026 To 2030 Plan

Analysts have nudged their price target for Piraeus Bank higher to €9.62 from €9.42, citing updated assumptions that include a slightly firmer profit margin outlook and a lower future P/E multiple, while keeping revenue growth expectations in a similar range. What's in the News Piraeus Bank completed a share buyback of 11,450,385 shares, representing 0.92% of its share capital, for a total of €119.14m under the program announced on October 6, 2025 (Key Developments).
New Narrative Mar 11

Fee Growth And Insurance Integration Will Support A Stronger Long Term Earnings Profile

Catalysts About Piraeus Bank Piraeus Bank is a leading Greek bank that provides retail, corporate, investment banking and insurance services, with a strong presence in deposits, loans and fee based products. What are the underlying business or industry changes driving this perspective?

Recent updates

Narrative Update May 04

TPEIR: AI Hub And Share Buyback Will Support 2026 To 2030 Plan

Analysts have nudged their price target for Piraeus Bank higher to about €10.13 from roughly €9.90, citing updated assumptions for revenue growth, profit margins, and a slightly different forward P/E input in their valuation work. What's in the News Piraeus is expanding its collaboration with Accenture through a dedicated AI Hub, supported by Anthropic, to design, develop, and scale AI capabilities across the full banking value chain, including operations, customer experience, risk, and compliance (Key Developments).
Narrative Update Apr 19

TPEIR: Share Buyback And Higher Profitability Will Support 2026 To 2030 Plan

Analysts have raised their price target for Piraeus Bank from €9.64 to €9.90, citing updated assumptions around the discount rate, revenue growth, profit margin and future P/E that refine their view of the bank's valuation profile. What's in the News Piraeus Bank S.A. was added as a constituent to an index, indicating inclusion in a tracked benchmark (Index Constituent Adds).
Narrative Update Apr 03

TPEIR: Share Buyback Will Support 2026 To 2030 Plan

Analysts have nudged their price target on Piraeus Bank slightly higher to €9.64 from €9.62, citing updated assumptions for revenue growth, profit margins and the bank's future P/E profile. What's in the News Piraeus Bank scheduled a Special and Extraordinary Shareholders Meeting for April 21, 2026, giving investors a key date to watch for potential corporate decisions (Key Developments).
Narrative Update Mar 20

TPEIR: Share Buyback And Margin Outlook Will Support 2026 To 2030 Plan

Analysts have nudged their price target for Piraeus Bank higher to €9.62 from €9.42, citing updated assumptions that include a slightly firmer profit margin outlook and a lower future P/E multiple, while keeping revenue growth expectations in a similar range. What's in the News Piraeus Bank completed a share buyback of 11,450,385 shares, representing 0.92% of its share capital, for a total of €119.14m under the program announced on October 6, 2025 (Key Developments).
New Narrative Mar 11

Fee Growth And Insurance Integration Will Support A Stronger Long Term Earnings Profile

Catalysts About Piraeus Bank Piraeus Bank is a leading Greek bank that provides retail, corporate, investment banking and insurance services, with a strong presence in deposits, loans and fee based products. What are the underlying business or industry changes driving this perspective?
Narrative Update Mar 05

TPEIR: Reverse Merger Will Support 2026 To 2030 Plan Upside Potential

Analysts have lowered their price target on Piraeus Bank from €9.61 to €9.42, citing updated assumptions that reflect revised views on revenue growth, profit margins, the discount rate and future P/E. What's in the News Piraeus Bank has completed a share buyback tranche, repurchasing 11,450,385 shares, representing 0.92% of its share capital, for €119.14 million under the program announced on October 6, 2025 (Key Developments).
New Narrative Feb 24

Loan Expansion And Fee Momentum Will Eventually Struggle To Sustain Current Optimism

Catalysts About Piraeus Bank Piraeus Bank is a leading Greek banking group focused on retail, corporate and investment banking, asset management and insurance-related services. What are the underlying business or industry changes driving this perspective?
Narrative Update Feb 18

TPEIR: Reverse Merger And 2026 Plan Will Drive Stronger Outlook

Analysts have raised their price target on Piraeus Bank to €9.61 from €9.30, citing updated assumptions on fair value, discount rate, revenue growth, profit margin and future P/E as the drivers of this adjustment. What's in the News A special and extraordinary shareholders meeting of Piraeus Bank S.A. is scheduled for April 21, 2026.
Narrative Update Feb 04

TPEIR: Reverse Merger And 2026 Plan Will Shape A Balanced Outlook

Analysts have raised their price target for Piraeus Bank to €9.30 from €8.93, citing updates to fair value estimates, the discount rate, revenue growth, profit margin and future P/E assumptions. What's in the News Extraordinary General Meetings of Piraeus Bank and Piraeus Financial Holdings on 5 Dec 2025 approved a reverse merger, with Piraeus Bank set to absorb Piraeus Holdings under Greek corporate law (Key Developments).
Narrative Update Jan 20

TPEIR: Reverse Merger And Buybacks Will Shape A Balanced 2025 Outlook

Analysts have lifted their price target on Piraeus Bank to €8.93 from €8.60, citing updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E that slightly adjust their overall valuation framework. What's in the News Extraordinary General Meetings of Piraeus Bank and Piraeus Financial Holdings approved a reverse merger by absorption of Piraeus Holdings by Piraeus Bank, with the last trading date for Piraeus Holdings shares on the ATHEX Main Market set for 16 December 2025 and delisting expected on or around 19 December 2025 (Key Developments).
Narrative Update Jan 06

TPEIR: Share Buybacks And Reverse Merger Will Drive Upside Into 2025

Analysts have lifted their price target for Piraeus Financial Holdings to €8.60 from €8.40, citing updated fair value estimates and refreshed assumptions on discount rate, revenue growth, profit margin and future P/E. What's in the News Piraeus Financial Holdings has completed a share buyback tranche, repurchasing 13,858,095 shares, representing 1.11% of its share capital, for €100 million under the buyback announced on October 6, 2025 (Key Developments).
Narrative Update Dec 15

TPEIR: Share Repurchases Will Drive Earnings And Capital Return Upside Into 2025

Analysts have modestly lifted their price target on Piraeus Financial Holdings, citing slightly higher fair value estimates and improved long term profitability assumptions, with the new target now roughly €8.40 compared with about €8.14 previously. What's in the News Shareholders have been invited to a special meeting on December 5, 2025 in Athens to approve the merger by absorption of Piraeus Financial Holdings by Piraeus Bank Société Anonyme and related merger documentation, including auditors reports and authorizations (company filing).
Narrative Update Nov 29

TPEIR: Share Repurchases Will Drive Earnings Momentum Into 2025

Analysts have raised their price target for Piraeus Financial Holdings from €7.96 to €8.14. This change is attributed to slight improvements in revenue growth and profit margin forecasts.
Narrative Update Nov 15

TPEIR: Share Buyback Program Will Support Improved Profitability Ahead

Narrative Update on Piraeus Financial Holdings Analysts have revised their price target for Piraeus Financial Holdings upward from €7.70 to €7.96, citing stronger projected revenue growth as well as modest improvements in profit margin and discount rate assumptions. What's in the News The company announced completion of the buyback of 13,858,095 shares, representing 1.11%, for €100 million in late September 2025 (Key Developments).
Narrative Update Nov 01

TPEIR: Increased Confidence In Revenue Will Drive Outperformance Versus Sector Peers

Piraeus Financial Holdings’ analyst price target has been raised from €7.60 to €7.70. Analysts cite improved revenue growth projections and a slightly higher fair value estimate as supporting factors for the enhanced outlook.
Narrative Update Oct 17

Digital Banking And Green Finance Will Drive European Market Vitality

The analyst price target for Piraeus Financial Holdings has been increased from €7.50 to €7.60. Analysts cite improved revenue growth, a slightly lower discount rate, and steady profit margins as justification for the modest upgrade.
Narrative Update Sep 20

Digital Banking And Green Finance Will Drive European Market Vitality

Analysts have raised their price target for Piraeus Financial Holdings from €7.37 to €7.50, citing strong earnings momentum, improved asset quality and capital position, and favorable interest rates. Analyst Commentary Bullish analysts cite strong earnings momentum driven by robust loan growth and improving asset quality.
Narrative Update Sep 04

Digital Banking And Green Finance Will Drive European Market Vitality

Analysts maintain a stable view on Piraeus Financial Holdings, supported by stronger-than-expected earnings, improving asset quality, and operational efficiency, leaving the consensus price target unchanged at €7.37. Analyst Commentary Bullish analysts cite stronger-than-expected earnings momentum supported by loan growth and robust fee income.
User avatar
New Narrative Dec 13

Loan Expansion And Snappi Launch Promise Growth But Analyst Revenue Decline And Margin Pressures Pose Risks

Piraeus expects strong loan growth and strategic asset management to drive significant revenue and margin improvements.

Shareholder Returns

TPEIRGR BanksGR Market
7D2.4%1.4%1.3%
1Y65.3%49.4%34.8%

Return vs Industry: TPEIR exceeded the Greek Banks industry which returned 47.6% over the past year.

Return vs Market: TPEIR exceeded the Greek Market which returned 34.3% over the past year.

Price Volatility

Is TPEIR's price volatile compared to industry and market?
TPEIR volatility
TPEIR Average Weekly Movement7.3%
Banks Industry Average Movement7.7%
Market Average Movement5.0%
10% most volatile stocks in GR Market7.6%
10% least volatile stocks in GR Market3.0%

Stable Share Price: TPEIR's share price has been volatile over the past 3 months compared to the Greek market.

Volatility Over Time: TPEIR's weekly volatility (7%) has been stable over the past year, but is still higher than 75% of Greek stocks.

About the Company

FoundedEmployeesCEOWebsite
19168,499Chris Megalouwww.piraeusbank.gr

Piraeus Bank S.A. provides various banking products and services in Greece, Europe, and internationally. The company operates through five segments: Retail Banking, Business Banking, Piraeus Financial Markets, Snappi, and Other. It offers term deposits, savings, current, and payroll and pension accounts; mortgage and personal loans; credit, debit, and prepaid cards; car, civil liability and legal protection, home security, health, pension plans, life and accident, and lifestyle insurance plans; investment products, including savings programs, portfolio management, mutual funds, stock market transactions and services, government bonds and treasury bills, gold investment, and securities custody; and electronic banking services.

Piraeus Bank S.A. Fundamentals Summary

How do Piraeus Bank's earnings and revenue compare to its market cap?
TPEIR fundamental statistics
Market cap€11.20b
Earnings (TTM)€1.07b
Revenue (TTM)€2.51b
10.5x
P/E Ratio
1.2x
P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
TPEIR income statement (TTM)
Revenue€2.51b
Cost of Revenue€0
Gross Profit€2.51b
Other Expenses€1.44b
Earnings€1.07b

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

Jul 29, 2026

Earnings per share (EPS)0.87
Gross Margin100.00%
Net Profit Margin42.58%
Debt/Equity Ratio103.0%

How did TPEIR perform over the long term?

See historical performance and comparison

Dividends

4.4%
Current Dividend Yield
47%
Payout Ratio

Does TPEIR pay a reliable dividends?

See TPEIR dividend history and benchmarks
When do you need to buy TPEIR by to receive an upcoming dividend?
Piraeus Bank dividend dates
Ex Dividend DateJun 09 2026
Dividend Pay DateJun 15 2026
Days until Ex dividend6 days
Days until Dividend pay date12 days

Does TPEIR pay a reliable dividends?

See TPEIR dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/02 05:17
End of Day Share Price 2026/06/02 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Piraeus Bank S.A. is covered by 28 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Eleni IsmailouAxia Ventures Group Ltd
Kirishanthan VijayarajahBarclays
Robert BateBarclays