KBC Group (OTCMKTS:KBCSY) Sets New 52-Week High - Still a Buy?

KBC Group SA (OTCMKTS:KBCSY - Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $53.24 and last traded at $53.22, with a volume of 339 shares traded. The stock had previously closed at $51.80.

Analysts Set New Price Targets

Several brokerages recently issued reports on KBCSY. Barclays restated an "overweight" rating on shares of KBC Group in a research note on Tuesday, May 27th. Morgan Stanley restated an "overweight" rating on shares of KBC Group in a research note on Thursday. Finally, Royal Bank Of Canada restated a "sector perform" rating on shares of KBC Group in a research note on Wednesday, April 23rd.

KBC Group Stock Down 0.9%

The company has a market capitalization of $44.16 billion, a P/E ratio of 11.62, a PEG ratio of 2.14 and a beta of 0.80. The business has a 50 day simple moving average of $49.39 and a 200-day simple moving average of $44.85.

KBC Group (OTCMKTS:KBCSY - Get Free Report) last posted its earnings results on Thursday, May 15th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.66 by $0.03. KBC Group had a return on equity of 14.50% and a net margin of 14.27%. The company had revenue of $2.39 billion for the quarter, compared to analysts' expectations of $3.03 billion. Equities analysts forecast that KBC Group SA 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. Investors of record on Thursday, May 8th were paid a dividend of $1.1873 per share. This is a boost from KBC Group's previous dividend of $0.33. This represents a dividend yield of 3.77%. The ex-dividend date of this dividend was Wednesday, May 7th. KBC Group's payout ratio is currently 51.43%.

KBC Group Company Profile

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.