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

KBC Group SA (OTCMKTS:KBCSY) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 5,334 shares, a growth of 54.8% from the September 15th total of 3,445 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 28,641 shares, the days-to-cover ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on KBCSY shares. Royal Bank Of Canada reiterated a “sector perform” rating on shares of KBC Group in a research note on Monday, August 10th. Jefferies Financial Group began coverage on KBC Group in a research note on Wednesday, September 16th. They issued a “buy” rating on the stock. Finally, Citigroup reaffirmed a “neutral” rating on shares of KBC Group in a research report on Tuesday, September 29th. Two equities research analysts have 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. According to MarketBeat, the company currently has an average rating of “Hold”.

KBC Group Price Performance

Shares of KBCSY traded down $0.47 during trading hours on Friday, hitting $67.31. The company’s stock had a trading volume of 17,148 shares, compared to its average volume of 20,240. The company has a market cap of $56.22 billion, a price-to-earnings ratio of 12.80, a PEG ratio of 0.86 and a beta of 0.64. The business has a 50 day simple moving average of $74.12 and a two-hundred day simple moving average of $69.67. KBC Group has a 52-week low of $57.78 and a 52-week high of $78.02.

KBC Group (OTCMKTS:KBCSY) last posted its quarterly earnings results on Thursday, August 6th. The company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.05. The company had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.83 billion. KBC Group had a net margin of 15.58% and a return on equity of 13.42%. Research analysts predict that KBC Group will post 5.85 earnings per share for the current year.

KBC Group Company Profile

KBC Group is a Belgium-based financial services group that combines banking and insurance activities. Through its banking and insurance subsidiaries, the company serves individuals, households, small and medium-sized enterprises, corporate clients and private banking customers.

KBC’s main services include current and savings accounts, consumer and residential lending, business finance, investment and wealth management, payments, and a range of life and non-life insurance products. The group distributes its services through bank branches, insurance agencies and digital channels, including integrated banking and insurance platforms.

The group was created in 1998 through the merger of Kredietbank, CERA Bank and ABB Insurance.