KB Financial Group (NYSE:KB) Shares Gap Up - Should You Buy?

KB Financial Group Inc. (NYSE:KB - Get Free Report)'s share price gapped up before the market opened on Wednesday . The stock had previously closed at $73.33, but opened at $78.77. KB Financial Group shares last traded at $80.07, with a volume of 48,366 shares traded.

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 Trading Down 2.7%

The business's fifty day simple moving average is $62.29 and its two-hundred day simple moving average is $60.47. The company has a market cap of $30.69 billion, a price-to-earnings ratio of 9.09, a PEG ratio of 0.52 and a beta of 0.98. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 2.29.

KB Financial Group (NYSE:KB - Get Free Report) last issued its earnings results on Thursday, April 24th. The bank reported $3.02 EPS for the quarter, missing the consensus estimate of $3.04 by ($0.02). The company had revenue of $3.27 billion for the quarter, compared to analysts' expectations of $4.45 billion. KB Financial Group had a return on equity of 7.71% and a net margin of 12.33%. On average, equities analysts predict that KB Financial Group Inc. will post 8.87 EPS for the current year.

Hedge Funds Weigh In On KB Financial Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Hudson Edge Investment Partners Inc. lifted its stake in KB Financial Group by 5.1% during the fourth quarter. Hudson Edge Investment Partners Inc. now owns 3,472 shares of the bank's stock worth $198,000 after purchasing an additional 168 shares during the last quarter. Seeds Investor LLC increased its holdings in shares of KB Financial Group by 2.9% during the fourth quarter. Seeds Investor LLC now owns 6,923 shares of the bank's stock valued at $394,000 after purchasing an additional 195 shares during the period. Candriam S.C.A. grew its holdings in KB Financial Group by 1.9% during the fourth quarter. Candriam S.C.A. now owns 10,679 shares of the bank's stock worth $608,000 after acquiring an additional 200 shares during the period. Cetera Investment Advisers grew its holdings in KB Financial Group by 7.4% during the fourth quarter. Cetera Investment Advisers now owns 3,759 shares of the bank's stock worth $214,000 after acquiring an additional 258 shares during the period. Finally, PDS Planning Inc boosted its position in shares of KB Financial Group by 3.5% in the 1st quarter. PDS Planning Inc now owns 8,024 shares of the bank's stock valued at $434,000 after purchasing an additional 271 shares during the period. Hedge funds and other institutional investors own 11.52% of the company's stock.

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.