KB Financial Group Inc. (NYSE:KB – Get Free Report) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totalling 303,100 shares, a decline of 31.8% from the September 30th total of 444,600 shares. Based on an average daily trading volume, of 177,600 shares, the short-interest ratio is currently 1.7 days. Currently, 0.1% of the company’s shares are sold short.
Wall Street Analyst Weigh In
Separately, StockNews.com cut shares of KB Financial Group from a “buy” rating to a “hold” rating in a research report on Saturday, October 12th.
View Our Latest Analysis on KB Financial Group
Institutional Investors Weigh In On KB Financial Group
KB Financial Group Trading Up 7.8 %
KB Financial Group stock traded up $5.22 during trading hours on Friday, hitting $72.18. The company had a trading volume of 341,510 shares, compared to its average volume of 181,819. The firm has a market cap of $28.40 billion, a P/E ratio of 8.74, a P/E/G ratio of 0.47 and a beta of 0.98. The company has a debt-to-equity ratio of 2.33, a quick ratio of 1.67 and a current ratio of 1.67. KB Financial Group has a 1 year low of $36.57 and a 1 year high of $72.89. The company has a 50-day moving average price of $64.34 and a two-hundred day moving average price of $59.74.
KB Financial Group (NYSE:KB – Get Free Report) last announced its quarterly earnings results on Wednesday, August 14th. The bank reported $3.06 earnings per share for the quarter, topping the consensus estimate of $2.70 by $0.36. KB Financial Group had a net margin of 12.13% and a return on equity of 7.29%. The firm had revenue of $3.18 billion during the quarter. On average, sell-side analysts anticipate that KB Financial Group will post 9.4 earnings per share for the current year.
About KB Financial Group
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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