KBC Group SA (OTCMKTS:KBCSY) Short Interest Update

KBC Group SA (OTCMKTS:KBCSY) saw a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 5,077 shares, an increase of 651.0% from the February 12th total of 676 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 36,836 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 36,836 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Analysts Set New Price Targets

KBCSY has been the topic of a number of recent research reports. Zacks Research raised shares of KBC Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. Barclays lowered shares of KBC Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, December 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of KBC Group in a report on Tuesday, February 24th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of KBC Group in a research note on Monday, November 17th. Finally, Citigroup reissued a “neutral” rating on shares of KBC Group in a research report on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

KBC Group Stock Down 0.3%

Shares of OTCMKTS:KBCSY traded down $0.17 during midday trading on Tuesday, hitting $63.98. The stock had a trading volume of 40,234 shares, compared to its average volume of 21,767. The company’s 50-day moving average price is $68.12 and its 200-day moving average price is $63.28. The company has a market capitalization of $53.45 billion, a P/E ratio of 12.90, a price-to-earnings-growth ratio of 0.94 and a beta of 0.55. KBC Group has a fifty-two week low of $38.90 and a fifty-two week high of $73.12.

KBC Group (OTCMKTS:KBCSY) last posted its quarterly earnings results on Thursday, February 12th. The company reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.02. The business had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.64 billion. KBC Group had a net margin of 15.70% and a return on equity of 13.89%. Research analysts expect that KBC Group will post 4.28 EPS 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.