KBC Group SA (OTCMKTS:KBCSY) Sees Large Decrease in Short Interest

KBC Group SA (OTCMKTS:KBCSY) was the target of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 857 shares, a drop of 77.2% from the April 30th total of 3,756 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 31,556 shares, the days-to-cover ratio is presently 0.0 days.

KBC Group Trading Up 0.6%

KBC Group stock traded up $0.40 during mid-day trading on Friday, reaching $66.17. The company had a trading volume of 13,901 shares, compared to its average volume of 29,079. KBC Group has a fifty-two week low of $48.19 and a fifty-two week high of $73.12. The company has a market cap of $55.27 billion, a P/E ratio of 13.13, a P/E/G ratio of 0.89 and a beta of 0.60. The business has a fifty day simple moving average of $65.07 and a 200 day simple moving average of $65.49.

KBC Group (OTCMKTS:KBCSY) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.07). The business had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.79 billion. KBC Group had a return on equity of 13.51% and a net margin of 14.98%. Research analysts forecast that KBC Group will post 5.88 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on KBCSY. Citigroup restated a “neutral” rating on shares of KBC Group in a research report on Friday, May 15th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of KBC Group in a research report on Tuesday, February 24th. Finally, Zacks Research lowered shares of KBC Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 1st. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, KBC Group currently has a consensus rating of “Hold”.

KBC Group Company Profile

KBC Group is a Belgian bank-insurance group headquartered in Brussels that combines retail and commercial banking with life and non-life insurance, asset management, leasing and related financial services. The company operates an integrated bank-insurance model designed to serve both individual consumers and corporate clients, offering deposit accounts, lending and mortgage products, payment and treasury services, pension and protection insurance, investment solutions and wealth management.

The group’s banking activities include retail and private banking, corporate and commercial banking, and specialized finance such as leasing and factoring.