KB Financial Group Inc (NYSE:KB) Short Interest Update

KB Financial Group Inc (NYSE:KB) saw a significant drop in short interest in February. As of February 13th, there was short interest totaling 312,049 shares, a drop of 17.3% from the January 29th total of 377,545 shares. Based on an average daily volume of 370,044 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.3% of the company’s stock are short sold. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 370,044 shares, the days-to-cover ratio is currently 0.8 days.

KB Financial Group Stock Performance

KB stock traded up $0.02 during mid-day trading on Wednesday, hitting $105.81. The company had a trading volume of 456,437 shares, compared to its average volume of 244,051. KB Financial Group has a 12 month low of $46.38 and a 12 month high of $119.71. The stock’s fifty day moving average price is $98.14 and its two-hundred day moving average price is $88.31. The firm has a market cap of $39.45 billion, a PE ratio of 9.98, a price-to-earnings-growth ratio of 0.67 and a beta of 1.08. 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 issued its quarterly earnings results on Saturday, January 31st. The bank reported $1.43 earnings per share (EPS) for the quarter. KB Financial Group had a net margin of 16.96% and a return on equity of 9.79%. On average, analysts forecast that KB Financial Group will post 8.87 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. First Horizon Advisors Inc. purchased a new stake in KB Financial Group in the 2nd quarter worth about $25,000. Parkside Financial Bank & Trust lifted its holdings in shares of KB Financial Group by 585.7% in the second quarter. Parkside Financial Bank & Trust now owns 336 shares of the bank’s stock worth $28,000 after buying an additional 287 shares in the last quarter. First Horizon Corp bought a new position in shares of KB Financial Group in the third quarter valued at approximately $30,000. Brown Brothers Harriman & Co. grew its stake in KB Financial Group by 131.6% during the fourth quarter. Brown Brothers Harriman & Co. now owns 403 shares of the bank’s stock valued at $35,000 after acquiring an additional 229 shares in the last quarter. Finally, Kestra Advisory Services LLC purchased a new position in KB Financial Group during the fourth quarter valued at approximately $39,000. Institutional investors own 11.52% of the company’s stock.

Analyst Ratings Changes

KB has been the subject of a number of analyst reports. Zacks Research raised KB Financial Group from a “strong sell” rating to a “hold” rating in a research report on Monday, February 2nd. Weiss Ratings reiterated a “buy (b)” rating on shares of KB Financial Group in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

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.