KB Financial Group Inc. (NYSE:KB – Get Free Report) was the target of a significant drop in short interest in the month of July. As of July 15th, there was short interest totalling 293,500 shares, a drop of 9.7% from the June 30th total of 324,900 shares. Based on an average trading volume of 213,100 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.1% of the shares of the stock are sold short.
Analyst Upgrades and Downgrades
Separately, StockNews.com downgraded shares of KB Financial Group from a “buy” rating to a “hold” rating in a report on Thursday.
Get Our Latest Stock Analysis on KB
Institutional Trading of KB Financial Group
KB Financial Group Trading Down 2.7 %
Shares of KB traded down $1.73 during mid-day trading on Thursday, reaching $63.48. 152,006 shares of the company’s stock traded hands, compared to its average volume of 213,504. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.65 and a quick ratio of 1.65. The stock’s 50-day moving average is $58.89 and its two-hundred day moving average is $53.27. KB Financial Group has a 12 month low of $36.57 and a 12 month high of $65.77. The stock has a market cap of $25.61 billion, a P/E ratio of 7.93, a P/E/G ratio of 0.45 and a beta of 1.00.
KB Financial Group (NYSE:KB – Get Free Report) last posted its quarterly earnings results on Thursday, May 16th. The bank reported $2.07 EPS for the quarter, topping analysts’ consensus estimates of $2.00 by $0.07. The firm had revenue of $3.64 billion for the quarter. KB Financial Group had a net margin of 11.65% and a return on equity of 6.97%. Research analysts forecast that KB Financial Group will post 9.4 earnings per share for the current fiscal year.
KB Financial Group Company Profile
KB Financial Group Inc provides a range of banking and related financial services to consumers and corporations in South Korea, the United States, New Zealand, China, Cambodia, the United Kingdom, Indonesia, and internationally. The company operates through Retail Banking, Corporate Banking, Other Banking Services, Credit Card, Securities, Life Insurance, and Non-Life Insurance segments.
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