Should I buy Permanent TSB stock in 2025?

What is Permanent TSB?

How much is the Permanent TSB stock?

The price of Permanent TSB stock is rising this week. As of now, the stock is trading at €1.76, with a 24-hour increase of 0.28% and a weekly gain of 2.03%. The company’s current market capitalisation stands at €956.46 million, and the average daily trading volume over the past three months is 282,434 shares. Permanent TSB reflects a Price/Earnings (P/E) ratio of 8.0, offers no dividend yield at present, and features a beta of 0.71, indicating moderate volatility compared to the broader market. This stability, combined with its recent strong performance, suggests a balanced outlook for Irish investors.

Our complete analysis of the Permanent TSB stock

Following a rigorous review of Permanent TSB Group Holdings plc’s latest financial results, alongside its three-year stock performance, our proprietary analysis synthesises multiple data streams: financial metrics, technical signals, sectoral trends, and competitive benchmarks. This data-driven approach reveals a compelling realignment of the stock’s fundamentals and market sentiment. So, why might Permanent TSB be positioned as a strategic gateway into Ireland’s retail and SME banking sector in 2025?

Recent Performance and Market Context

Over the past twelve months, Permanent TSB (PTSB) has distinguished itself as one of Ireland’s leading banking shares. The stock has delivered a robust annual return of +24.82%, following a notable six-month rally of +18.12%, outpacing much of the local financial sector. Recent intraday and weekly gains (+0.28% and +2.03%, respectively) underscore persistent demand at current valuation levels, highlighting investor confidence as PTSB consolidates above key price levels on Euronext Dublin.

Fundamentally, 2024 marked a watershed for the group. Record annual revenues reached €702 million (+15% year-on-year), while net profit soared +376% to €119 million—dramatically surpassing market expectations and strengthening credibility with both retail and institutional investors. Importantly, these results coincided with a refreshed corporate strategy (March 2025), focused on deepening customer relationships, enhancing digital channels, and boosting operational efficiency, which aligns PTSB closely with secular trends shaping European banking.

In broader context, the Irish economy has demonstrated resilience, with GDP growth and consumer confidence underpinning housing demand and SME activity—two of PTSB’s core lending markets. The withdrawal of key competitors from the Irish banking landscape has further opened the market for challengers like PTSB to increase deposits and lending. Collectively, these macro and sectoral dynamics create fertile ground for sustainable earnings momentum.

Technical Analysis

• Momentum Indicators:
• Relative Strength Index (RSI 14d) sits at 61.69—indicative of healthy, but not overheated, momentum.
• While MACD (+0.042) gives a neutral-to-cautious short-term signal, the prevailing price structure is more instructive.
• Moving Averages:
• The share price trades decisively above all key moving averages—20-day (€1.723), 50-day (€1.617), 100-day (€1.538), and 200-day (€1.555)—confirming a well-established uptrend.
• Support and Resistance:
• Strong support lies at €1.28 (annual low), while pivot metrics highlight €1.392 as a secondary floor. Resistance is defined at €1.80 (52-week high) and €1.662.
• Trend Structure:
• The move above long-term resistance zones signals the possibility of a sustained re-rating, and the confluence of short- and medium-term moving averages beneath the current price suggests buy-the-dip dynamics on any short-term volatility.

Collectively, these technical elements reinforce the case for forward momentum—pointing to a possible bullish phase, particularly should the stock break and sustain above €1.80.

Fundamental Analysis

• Revenue and Profitability:
• Revenue: €702M (+15% y/y), fuelled by organic lending and deposit growth.
• Net profit: €119M (+376%), with pre-tax profits near-doubled to €159M; earnings per share reached €0.22.
• Outperformance versus analyst consensus validated management’s operational discipline and market share expansion.
• Valuation:
• At 8.0x Price/Earnings (P/E), PTSB is valued at a considerable discount to the Irish market average (12.4x)—signalling both headroom for re-rating and limited downside relative to sector peers.
• Growth Drivers and Strategy:
• A renewed corporate strategy for 2025–2027 emphasises digital transformation and efficiency while tapping into rapidly growing green mortgage and SME lending segments.
• The bank’s legacy and brand recognition (since 1816) serve as a moat in a consolidating domestic market, while its challenger status allows flexibility and innovation absent in larger incumbents.

These foundations—not merely cyclical, but increasingly structural—justify renewed investor interest as the bank sustains high single- to double-digit annual profit growth projections (12.75% CAGR expected).

Volume and Liquidity

Trading liquidity remains robust, with a daily mean of 282,434 shares exchanged—a level that supports both institutional positioning and active retail participation. The current free float enables dynamic price discovery while providing the depth for significant portfolio allocation without undue price impact. These characteristics are key to maintaining a healthy valuation environment and attracting further coverage from Irish and international houses.

Catalysts and Positive Outlook

• Digital and Operational Transformation: Ongoing investments in automation and digital service delivery are expected to unlock further cost-base efficiencies—vital for margin expansion, especially in a competitive-rate environment.
• Green Lending & ESG Momentum: Rapid growth in green and sustainable mortgages, coupled with Europe’s ESG lending drive, positions PTSB to benefit from both demand-side trends and regulatory incentives.
• Market Share Expansion: As of Q4 2024, mortgage market share hit an impressive 20.2%, while SME lending surged +28% in a single year—suggesting an ability to capture displaced market volume as larger players consolidate or exit.
• Balance Sheet Strength: A surge in deposits (+€1.2 billion in 2024) anchors funding stability and allows for measured expansion, even in volatile interest rate scenarios.
• Leadership and Governance: Strategic appointments—Barry D’Arcy as CFO and sustained direction under CEO Eamonn Crowley—signal continuity and sharpened execution confidence.
• Consensus Trends: Analyst sentiment remains favourable, with six covering the stock and a mean target price of €1.97—upside of approximately +12%, and internal projections extending toward €2.29 (+30%).

Together, these tailwinds position Permanent TSB not only for sustained earnings growth but also for a possible re-rating as digital and ESG storylines continue to resonate with capital markets.

Investment Strategies

• Short-Term Opportunity:
• Currently trading just below strong resistance (€1.80), any breakout supported by positive news flow or sector momentum could catalyse quick upside toward consensus targets.
• Technical pullbacks to €1.66–€1.72 (above moving averages) may serve as attractive accumulation zones for tactical entries.
• Medium-Term Strategy:
• Investors seeking exposure to the transformation theme in Irish banking may find a compelling blend of growth and margin-of-safety at sub-sector-average multiples.
• Potential for earnings upgrades and further consensus reappraisal as digital and green lending strategies gain traction through 2025.
• Long-Term Approach:
• For portfolios targeting structural shifts—such as ESG, digitisation, or market consolidation—PTSB offers diversification amid Ireland’s high-barrier retail and SME landscape.
• The stock's moderate beta (0.71) provides a lower-volatility channel for sustained compounding, and the absence of dividend (for now) may pave the way for future capital return strategies as profitability matures.

Overall, the risk-reward balance appears distinctly favourable, with the share’s trajectory supported by both intrinsic fundamentals and progressive market repositioning.

Is it the Right Time to Buy Permanent TSB?

• Record operational results and earnings outperformance.
• Accelerated digital and green-lending initiatives timed with secular demand trends.
• Technical resilience and clear momentum signals relative to key moving averages.
• Discounted valuation (P/E well below sector) aligned with robust growth prospects.
• Positive liquidity conditions and analyst upgrades.

While prudent risk-management is always warranted in today’s fast-evolving financial sector, the convergence of strategic momentum, strengthened fundamentals, and technical signals suggests that Permanent TSB may be entering a new bullish phase. For investors searching for value, growth, and uniquely Irish exposure within a consolidating European banking sector, Permanent TSB’s story seems to represent an excellent opportunity—one where timing and conviction could be especially well rewarded in 2025 and beyond.

In sum, this is a stock whose fundamentals, strategy, and technicals collectively justify renewed interest—a prime candidate for those seeking to capitalise on one of Ireland’s standout banking transformation stories.

How to buy Permanent TSB stock in Ireland?

Buying shares of Permanent TSB, one of Ireland’s established banks, is straightforward and secure when you use a regulated online broker. Whether you’re new to investing or already familiar with the markets, you can choose between two main methods: traditional "spot" buying, where you own the shares outright, or trading Contracts for Difference (CFDs), which lets you benefit from price movements with leverage, without owning the underlying stock. Understanding these options will help you find the most suitable approach—see our broker comparison further down the page to choose the best platform for your needs.

Spot buying

A cash (spot) purchase means buying Permanent TSB shares directly on the Euronext Dublin exchange. You’ll become a registered shareholder and can hold the shares long term. Irish-regulated brokers typically charge a fixed commission per order—often in the €5 to €10 range per trade, with all transactions carried out in euro (EUR).

Example: Spot buying scenario

If the Permanent TSB share price is €1.76, and you invest €1,000, you could buy around 568 shares (€1,000 minus a €5 brokerage fee leaves €995, divided by €1.76 equals approximately 565 shares).

• Gain scenario: If the share price rises by 10%, your investment is now worth about €1,100.
• Result: That’s a €100 gross gain, or +10% on your initial outlay (before tax and fees).

Trading via CFD

CFD trading allows you to speculate on Permanent TSB’s share price movements without owning the shares. CFDs are contracts with your broker, and you can use leverage to amplify your exposure—magnifying profits but also risks. Fees typically include the buy/sell spread and overnight financing if you hold positions beyond a day.

Example: CFD trading scenario

With €1,000 in margin and using 5x leverage, you open a position equivalent to €5,000 worth of Permanent TSB shares.

• Gain scenario: If the stock rises 8%, your position gains 8% × 5 = 40%.
• Result: That’s a €400 profit on a €1,000 initial margin (excluding spread and any overnight fees).

Final advice

Before investing, carefully compare broker fees and trading conditions—costs and services can vary greatly. The best method depends on your financial goals: cash purchases suit long-term investors seeking direct ownership, while CFD trading best fits experienced traders seeking short-term opportunities with leverage. To help you make an informed choice, refer to our up-to-date broker comparison further down the page.

Our 7 tips for buying Permanent TSB stock

The latest news about Permanent TSB

Permanent TSB shares rose 2.03% this past week, continuing a strong upward trend in 2025. The stock’s closing price reached €1.76, outperforming the Euronext Dublin index and marking a 24.82% gain year-on-year. This performance is supported by robust trading volumes and steady investor confidence, demonstrating that the market continues to respond positively to the group’s recent financial results and strategic initiatives.

The bank’s 2024 annual results substantially exceeded analyst expectations, highlighting a sharp increase in profitability and revenues. Permanent TSB reported revenue growth of 15% to €702 million and a remarkable surge in net profit, which soared by 376% to €119 million. Earnings per share reached €0.22, and the institution posted a pre-tax profit of €159 million, doubling the previous year. These figures, which surpassed consensus estimates, reinforce PTSB’s strengthened position in the Irish banking landscape and foster a constructive sentiment around the share's outlook.

Technical signals remain strongly positive, with the share price above all major moving averages and a clear upward trend. The stock is trading above its 20, 50, 100, and 200-day moving averages, all indicating buy signals. The RSI is at a neutral 61.69, showing room for further momentum, and recent price action has kept the stock above key support levels. These patterns suggest continued market optimism and underpin technical confidence for investors and analysts focused on Irish equities.

Analyst coverage is growing increasingly optimistic, underscored by a consensus price target of €1.97 and a view on undervaluation. Six analysts now cover the stock, most placing the fair value above current market prices, and Permanent TSB trades at a P/E of 8.0, notably below the Irish market average of 12.4. The consensus aligns with expectations for further earnings growth of nearly 13% annually, and there is recognition of the group's improving profitability, operational efficiency, and digital transformation strategies—which are considered key catalysts for future performance.

Strategic progress continues with a renewed corporate plan for 2025–27, robust deposit inflows, and major leadership enhancements. In March 2025, management unveiled refreshed strategic priorities focused on deepening customer relationships and digital innovation. The bank continues to grow, having attracted nearly €1.2 billion in new deposits in 2024, and has strengthened its executive team with the recent appointment of Barry D’Arcy as CFO. Expansion in green and SME lending, rising mortgage market share, and robust Irish brand presence further enhance the company’s outlook, making Permanent TSB a notable player in Ireland’s evolving financial sector.

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.