Short Interest in KBC Group SA (OTCMKTS:KBCSY) Declines By 89.1%
by Doug Wharley · The Cerbat GemKBC Group SA (OTCMKTS:KBCSY – Get Free Report) was the recipient of a large decrease in short interest during the month of March. As of March 31st, there was short interest totaling 5,386 shares, a decrease of 89.1% from the March 15th total of 49,229 shares. Based on an average daily volume of 147,987 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are short sold.
Analyst Upgrades and Downgrades
Several analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of KBC Group in a research report on Tuesday, February 24th. Zacks Research downgraded shares of KBC Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 1st. Finally, Citigroup reiterated a “neutral” rating on shares of KBC Group in a research report on Monday, February 23rd. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.
Check Out Our Latest Analysis on KBC Group
KBC Group Stock Performance
KBC Group stock traded up $0.64 during trading hours on Friday, reaching $67.35. 12,515 shares of the stock were exchanged, compared to its average volume of 58,809. The stock has a market cap of $56.26 billion, a P/E ratio of 13.58, a P/E/G ratio of 0.89 and a beta of 0.59. KBC Group has a 52-week low of $43.05 and a 52-week high of $73.12. The firm’s 50 day moving average is $65.39 and its 200 day moving average is $63.70.
KBC Group (OTCMKTS:KBCSY – Get Free Report) last announced its quarterly earnings data on Thursday, February 12th. The company reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.40 by $0.02. The company had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.64 billion. KBC Group had a net margin of 15.70% and a return on equity of 13.89%. Equities research analysts expect that KBC Group will post 4.28 EPS for the current fiscal year.
About KBC Group
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.