KBC Group NV (OTCMKTS:KBCSY) Short Interest Update

KBC Group NV (OTCMKTS:KBCSY - Get Free Report) was the target of a significant drop in short interest in the month of May. As of May 15th, there was short interest totalling 7,200 shares, a drop of 44.2% from the April 30th total of 12,900 shares. Approximately 0.0% of the company's stock are sold short. Based on an average daily volume of 75,700 shares, the days-to-cover ratio is presently 0.1 days.

KBC Group Stock Down 0.2%

KBC Group stock traded down $0.09 during trading on Friday, reaching $49.37. The stock had a trading volume of 370,138 shares, compared to its average volume of 39,611. KBC Group has a 52-week low of $33.98 and a 52-week high of $50.21. The business has a 50 day moving average price of $46.09 and a 200 day moving average price of $42.09. The stock has a market cap of $41.23 billion, a PE ratio of 10.97, a P/E/G ratio of 1.75 and a beta of 0.78.

KBC Group (OTCMKTS:KBCSY - Get Free Report) last released its quarterly earnings data on Thursday, May 15th. The company reported $0.69 earnings per share for the quarter, topping analysts' consensus estimates of $0.66 by $0.03. KBC Group had a net margin of 13.32% and a return on equity of 14.40%. The company had revenue of $2.39 billion for the quarter, compared to analysts' expectations of $3.03 billion. On average, equities analysts predict that KBC Group will post 4.28 EPS for the current fiscal year.

KBC Group Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, May 23rd. Shareholders of record on Thursday, May 8th were issued a dividend of $1.1873 per share. The ex-dividend date was Wednesday, May 7th. This represents a yield of 3.77%. This is a boost from KBC Group's previous dividend of $0.33. KBC Group's dividend payout ratio (DPR) is presently 51.43%.

Analyst Ratings Changes

Several research analysts have recently commented on KBCSY shares. Morgan Stanley reissued an "overweight" rating on shares of KBC Group in a research note on Monday, May 19th. Royal Bank of Canada reissued a "sector perform" rating on shares of KBC Group in a research note on Wednesday, April 23rd. Finally, Barclays reissued an "overweight" rating on shares of KBC Group in a research note on Tuesday.

About KBC Group

KBC Group NV, together with its subsidiaries, provides integrated bank-insurance services primarily for retail, private banking, small and medium sized enterprises, and mid-cap clients. The company offers demand deposits and savings accounts; home and mortgage loans; consumer finance and SME funding services; credit, investment fund and asset management, and life and non-life insurance; and cash management, payments, trade finance, lease, money market, capital market products, and stockbroking services.