KB Financial Group (NYSE:KB) Hits New 1-Year High - Should You Buy?

KB Financial Group Inc (NYSE:KB - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $82.98 and last traded at $82.57, with a volume of 54367 shares traded. The stock had previously closed at $81.51.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of KB Financial Group from a "hold" rating to a "buy" rating in a research note on Wednesday, May 21st.

KB Financial Group Stock Up 1.8%

The company has a debt-to-equity ratio of 2.40, a current ratio of 1.68 and a quick ratio of 1.68. The firm's 50-day moving average price is $73.47 and its 200 day moving average price is $62.69. The firm has a market capitalization of $32.67 billion, a price-to-earnings ratio of 8.31, a price-to-earnings-growth ratio of 0.64 and a beta of 1.06.

KB Financial Group (NYSE:KB - Get Free Report) last announced its earnings results on Thursday, April 24th. The bank reported $3.02 EPS for the quarter, missing analysts' consensus estimates of $3.04 by ($0.02). The company had revenue of $3.27 billion for the quarter, compared to analyst estimates of $4.45 billion. KB Financial Group had a net margin of 16.03% and a return on equity of 9.76%. Sell-side analysts expect that KB Financial Group Inc will post 8.87 EPS for the current year.

Institutional Investors Weigh In On KB Financial Group

Hedge funds have recently modified their holdings of the company. Seeds Investor LLC raised its stake in KB Financial Group by 2.9% during the fourth quarter. Seeds Investor LLC now owns 6,923 shares of the bank's stock worth $394,000 after purchasing an additional 195 shares during the period. Candriam S.C.A. increased its holdings in shares of KB Financial Group by 1.9% during the 4th quarter. Candriam S.C.A. now owns 10,679 shares of the bank's stock worth $608,000 after buying an additional 200 shares during the last quarter. Cetera Investment Advisers raised its position in shares of KB Financial Group by 7.4% in the 4th quarter. Cetera Investment Advisers now owns 3,759 shares of the bank's stock worth $214,000 after buying an additional 258 shares during the period. PDS Planning Inc boosted its holdings in KB Financial Group by 3.5% in the first quarter. PDS Planning Inc now owns 8,024 shares of the bank's stock valued at $434,000 after acquiring an additional 271 shares during the last quarter. Finally, US Bancorp DE boosted its holdings in KB Financial Group by 1.3% in the first quarter. US Bancorp DE now owns 20,442 shares of the bank's stock valued at $1,106,000 after acquiring an additional 272 shares during the last quarter. 11.52% of the stock is owned by institutional investors and hedge funds.

About KB Financial Group

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.