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

KB Financial Group Inc. (NYSE:KB) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 459,400 shares, a growth of 6.3% from the August 15th total of 432,200 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 222,300 shares, the days-to-cover ratio is currently 2.1 days.

KB Financial Group Price Performance

Shares of NYSE:KB traded up $0.22 during trading on Wednesday, reaching $61.79. 117,610 shares of the company’s stock traded hands, compared to its average volume of 204,951. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 2.33. KB Financial Group has a fifty-two week low of $36.57 and a fifty-two week high of $67.40. The company has a 50-day simple moving average of $62.37 and a 200-day simple moving average of $57.49. The firm has a market cap of $24.93 billion, a PE ratio of 7.68, a P/E/G ratio of 0.41 and a beta of 0.99.

KB Financial Group (NYSE:KB) last posted its quarterly earnings data on Wednesday, August 14th. The bank reported $3.06 EPS for the quarter, beating analysts’ consensus estimates of $2.70 by $0.36. KB Financial Group had a return on equity of 7.29% and a net margin of 12.13%. The business had revenue of $3.18 billion during the quarter. As a group, analysts predict that KB Financial Group will post 9.4 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Hilltop National Bank acquired a new position in shares of KB Financial Group during the second quarter valued at approximately $34,000. GAMMA Investing LLC lifted its holdings in KB Financial Group by 98.0% in the 1st quarter. GAMMA Investing LLC now owns 689 shares of the bank’s stock valued at $36,000 after purchasing an additional 341 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in KB Financial Group by 66.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 779 shares of the bank’s stock worth $44,000 after purchasing an additional 310 shares during the last quarter. Tucker Asset Management LLC purchased a new stake in shares of KB Financial Group during the fourth quarter worth $68,000. Finally, Barometer Capital Management Inc. acquired a new stake in shares of KB Financial Group in the fourth quarter valued at about $120,000. 11.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of KB Financial Group from a “hold” rating to a “buy” rating in a research note on Tuesday, August 27th.

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.