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

KBC Group SA (OTCMKTS:KBCSY) saw a significant drop in short interest in December. As of December 31st, there was short interest totaling 856 shares, a drop of 86.1% from the December 15th total of 6,141 shares. Based on an average daily trading volume, of 34,455 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 34,455 shares, the short-interest ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Citigroup restated a “neutral” rating on shares of KBC Group in a report on Monday, November 24th. Zacks Research downgraded KBC Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 10th. Royal Bank Of Canada reissued a “sector perform” rating on shares of KBC Group in a report on Monday, November 17th. Barclays downgraded KBC Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, December 2nd. Finally, Morgan Stanley reissued an “overweight” rating on shares of KBC Group in a research note on Friday, November 14th. 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

KBC Group Price Performance

OTCMKTS:KBCSY traded up $0.21 on Monday, reaching $66.87. The stock had a trading volume of 11,501 shares, compared to its average volume of 15,107. KBC Group has a 12-month low of $36.52 and a 12-month high of $67.07. The company has a market cap of $55.86 billion, a price-to-earnings ratio of 13.35, a P/E/G ratio of 1.20 and a beta of 0.54. The firm’s fifty day moving average is $63.30 and its two-hundred day moving average is $59.14.

KBC Group (OTCMKTS:KBCSY) last issued its quarterly earnings results on Thursday, November 13th. The company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.06. The business had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.54 billion. KBC Group had a net margin of 15.91% and a return on equity of 13.96%. As a group, research analysts forecast that KBC Group will post 4.28 earnings per share for the current fiscal 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.