KBC Group SA (OTCMKTS:KBCSY) Short Interest Update

KBC Group SA (OTCMKTS:KBCSY) was the target of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 9,724 shares, a growth of 180.6% from the July 30th total of 3,466 shares. Based on an average trading volume of 23,466 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.0% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

KBCSY has been the subject of a number of research reports. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of KBC Group in a report on Monday, August 10th. Citigroup reaffirmed a “neutral” rating on shares of KBC Group in a research note on Wednesday, July 22nd. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold”.

KBC Group Stock Down 0.3%

OTCMKTS KBCSY traded down $0.21 during trading on Friday, hitting $76.46. The stock had a trading volume of 9,535 shares, compared to its average volume of 31,534. The company has a market capitalization of $63.87 billion, a PE ratio of 14.54, a PEG ratio of 0.97 and a beta of 0.59. KBC Group has a twelve month low of $56.86 and a twelve month high of $78.02. The firm has a 50 day moving average price of $71.27 and a 200 day moving average price of $67.61.

KBC Group (OTCMKTS:KBCSY) last issued its quarterly earnings results on Thursday, August 6th. The company reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.05. KBC Group had a net margin of 15.58% and a return on equity of 13.48%. The company had revenue of $3.96 billion during the quarter, compared to the consensus estimate of $3.83 billion. On average, sell-side analysts anticipate that KBC Group will post 5.85 earnings per share for the current year.

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.