KB Financial Group (NYSE:KB) Hits New 1-Year High – Still a Buy?

KB Financial Group Inc (NYSE:KB)’s share price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $101.98 and last traded at $103.0160, with a volume of 14231 shares trading hands. The stock had previously closed at $96.16.

Wall Street Analysts Forecast Growth

KB has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of KB Financial Group in a report on Monday, December 29th. Zacks Research raised KB Financial Group from a “strong sell” rating to a “hold” rating in a research note on Monday. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

KB Financial Group Trading Up 8.5%

The stock has a fifty day moving average of $88.80 and a 200-day moving average of $84.48. The company has a market cap of $39.78 billion, a PE ratio of 9.83, a PEG ratio of 0.71 and a beta of 1.11. The company has a debt-to-equity ratio of 2.38, a quick ratio of 1.65 and a current ratio of 1.65.

KB Financial Group (NYSE:KB) last released its earnings results on Saturday, January 31st. The bank reported $1.43 earnings per share for the quarter. KB Financial Group had a return on equity of 9.79% and a net margin of 16.96%. Sell-side analysts anticipate that KB Financial Group Inc will post 8.87 EPS for the current fiscal year.

Hedge Funds Weigh In On KB Financial Group

A number of institutional investors have recently modified their holdings of the stock. First Horizon Advisors Inc. purchased a new stake in shares of KB Financial Group in the second quarter valued at approximately $25,000. Parkside Financial Bank & Trust raised its position in KB Financial Group by 585.7% during the 2nd quarter. Parkside Financial Bank & Trust now owns 336 shares of the bank’s stock valued at $28,000 after purchasing an additional 287 shares in the last quarter. First Horizon Corp purchased a new stake in shares of KB Financial Group in the 3rd quarter worth $30,000. Jones Financial Companies Lllp grew its position in shares of KB Financial Group by 187.4% during the 3rd quarter. Jones Financial Companies Lllp now owns 500 shares of the bank’s stock worth $40,000 after buying an additional 326 shares in the last quarter. Finally, Leonteq Securities AG bought a new position in shares of KB Financial Group during the 4th quarter worth $43,000. 11.52% of the stock is owned by hedge funds and other institutional investors.

About KB Financial Group

KB Financial Group Inc is a South Korea-based financial holding company that offers a broad range of banking and financial services. Headquartered in Seoul and listed on the New York Stock Exchange under the ticker KB, the group operates through a set of specialized subsidiaries to provide integrated financial solutions for retail, corporate and institutional clients.

The company’s principal businesses include retail and corporate banking, securities and investment banking, insurance (life and non-life), asset management, credit card and consumer finance, and leasing.