KBC Group (OTCMKTS:KBCSY) Sees Strong Trading Volume After Better-Than-Expected Earnings

KBC Group SA (OTCMKTS:KBCSY) shares saw strong trading volume on Thursday after the company announced better than expected quarterly earnings. Approximately 98,237 shares traded hands during trading, an increase of 220% from the previous session’s volume of 30,663 shares.The stock last traded at $72.87 and had previously closed at $73.53.

The company reported $1.64 EPS for the quarter, topping the consensus estimate of $1.59 by $0.05. KBC Group had a return on equity of 13.15% and a net margin of 14.98%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Royal Bank Of Canada reiterated a “sector perform” rating on shares of KBC Group in a report on Monday, July 20th. Citigroup reaffirmed a “neutral” rating on shares of KBC Group in a research report on Wednesday, July 22nd. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

KBC Group Trading Down 0.3%

The company has a market capitalization of $61.22 billion, a price-to-earnings ratio of 14.54, a price-to-earnings-growth ratio of 0.94 and a beta of 0.59. The stock’s fifty day simple moving average is $68.05 and its 200-day simple moving average is $66.93.

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.