KB Financial Group Inc. (NYSE:KB) Short Interest Up 6.3% in August

KB Financial Group Inc. (NYSE:KB) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 459,400 shares, a growth of 6.3% from the August 15th total of 432,200 shares. Based on an average trading volume of 222,300 shares, the days-to-cover ratio is presently 2.1 days. Approximately 0.1% of the shares of the stock are sold short.

Analyst Ratings Changes

Separately, StockNews.com upgraded KB Financial Group from a “hold” rating to a “buy” rating in a research report on Tuesday, August 27th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KB. Sanctuary Advisors LLC purchased a new position in KB Financial Group in the 2nd quarter worth approximately $501,000. Creative Planning raised its holdings in KB Financial Group by 18.4% in the 2nd quarter. Creative Planning now owns 78,636 shares of the bank’s stock worth $4,452,000 after purchasing an additional 12,231 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of KB Financial Group by 3.0% in the second quarter. EverSource Wealth Advisors LLC now owns 6,496 shares of the bank’s stock worth $368,000 after buying an additional 192 shares during the period. Frank Rimerman Advisors LLC bought a new stake in KB Financial Group during the 2nd quarter worth approximately $1,084,000. Finally, Profund Advisors LLC lifted its stake in shares of KB Financial Group by 4.4% during the 2nd quarter. Profund Advisors LLC now owns 7,410 shares of the bank’s stock valued at $419,000 after buying an additional 309 shares in the last quarter. Institutional investors own 11.52% of the company’s stock.

KB Financial Group Trading Down 0.2 %

NYSE KB traded down $0.12 on Tuesday, hitting $61.54. The company’s stock had a trading volume of 573,585 shares, compared to its average volume of 205,439. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 2.33. The firm has a market cap of $24.83 billion, a P/E ratio of 7.70, a PEG ratio of 0.41 and a beta of 0.99. The company’s 50-day simple moving average is $62.37 and its 200 day simple moving average is $57.39. KB Financial Group has a 52-week low of $36.57 and a 52-week high of $67.40.

KB Financial Group (NYSE:KB) last announced its earnings results on Wednesday, August 14th. The bank reported $3.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.70 by $0.36. The firm had revenue of $3.18 billion during the quarter. KB Financial Group had a return on equity of 7.29% and a net margin of 12.13%. Research analysts predict that KB Financial Group will post 9.4 EPS for the current fiscal year.

KB Financial Group Company Profile

KB Financial Group Inc provides a range of banking and related financial services to consumers and corporations in South Korea, the United States, New Zealand, China, Cambodia, the United Kingdom, Indonesia, and internationally. The company operates through Retail Banking, Corporate Banking, Other Banking Services, Credit Card, Securities, Life Insurance, and Non-Life Insurance segments.