KBC Group SA (OTCMKTS:KBCSY) Short Interest Down 79.7% in June

KBC Group SA (OTCMKTS:KBCSY) was the target of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 1,760 shares, a drop of 79.7% from the May 31st total of 8,674 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 37,430 shares, the short-interest ratio is presently 0.0 days.

Analysts Set New Price Targets

Several research analysts recently weighed in on KBCSY shares. Zacks Research downgraded shares of KBC Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 1st. Citigroup restated a “neutral” rating on shares of KBC Group in a report on Friday, May 15th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, KBC Group currently has an average rating of “Hold”.

KBC Group Stock Up 1.1%

Shares of KBCSY traded up $0.74 during mid-day trading on Monday, hitting $67.04. The company had a trading volume of 5,306 shares, compared to its average volume of 31,787. The business’s 50-day simple moving average is $66.39 and its 200-day simple moving average is $66.19. KBC Group has a 1-year low of $50.64 and a 1-year high of $73.12. The stock has a market cap of $56.00 billion, a PE ratio of 13.30, a P/E/G ratio of 0.90 and a beta of 0.59.

KBC Group (OTCMKTS:KBCSY) last posted its quarterly earnings results on Tuesday, May 12th. The company reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.07). The company had revenue of $3.78 billion for the quarter, compared to analysts’ expectations of $3.79 billion. KBC Group had a return on equity of 13.15% and a net margin of 14.98%. On average, sell-side analysts expect that KBC Group will post 5.81 earnings per share for the current 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.