KB Financial Group (NYSE:KB) Stock Price Crosses Above 200 Day Moving Average - What's Next?

Key Points

• KB Financial Group shares rose above their 200-day moving average of $112.70, trading as high as $123.50 and last changing hands near $121.79.
• Analyst sentiment remains favorable, with two Buy ratings and one Hold rating producing a consensus “Moderate Buy” recommendation.
• The bank exceeded quarterly expectations, reporting $3.67 in EPS versus the $3.51 consensus and revenue of $3.49 billion versus estimates of $3.45 billion; institutional investors own 11.52% of the stock.

KB Financial Group Inc (NYSE:KB - Get Free Report) shares passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $112.70 and traded as high as $123.50. KB Financial Group shares last traded at $121.7850, with a volume of 155,227 shares.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Weiss Ratings reiterated a "buy (b)" rating on shares of KB Financial Group in a report on Monday, September 21st. Zacks Research lowered KB Financial Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 22nd. Finally, The Goldman Sachs Group reiterated a "buy" rating on shares of KB Financial Group in a research note on Wednesday, July 1st. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, KB Financial Group currently has a consensus rating of "Moderate Buy".

KB Financial Group Stock Performance

The business's 50 day simple moving average is $123.13 and its two-hundred day simple moving average is $112.70. The firm has a market capitalization of $43.20 billion, a PE ratio of 10.45, a price-to-earnings-growth ratio of 0.74 and a beta of 1.05. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 2.53.

KB Financial Group (NYSE:KB - Get Free Report) last released its quarterly earnings results on Friday, August 14th. The bank reported $3.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.51 by $0.16. KB Financial Group had a return on equity of 10.11% and a net margin of 17.67%.The firm had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.45 billion. Research analysts expect that KB Financial Group Inc will post 12.91 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Bell Investment Advisors Inc lifted its stake in shares of KB Financial Group by 29.3% during the 1st quarter. Bell Investment Advisors Inc now owns 477 shares of the bank's stock valued at $48,000 after buying an additional 108 shares in the last quarter. First Horizon Corp increased its stake in KB Financial Group by 36.2% in the 1st quarter. First Horizon Corp now owns 489 shares of the bank's stock worth $49,000 after buying an additional 130 shares in the last quarter. Assetmark Inc. raised its holdings in KB Financial Group by 20.0% during the first quarter. Assetmark Inc. now owns 1,136 shares of the bank's stock valued at $113,000 after acquiring an additional 189 shares during the period. Bessemer Group Inc. raised its holdings in KB Financial Group by 7.2% during the first quarter. Bessemer Group Inc. now owns 2,955 shares of the bank's stock valued at $295,000 after acquiring an additional 198 shares during the period. Finally, V Square Quantitative Management LLC lifted its position in shares of KB Financial Group by 90.0% in the first quarter. V Square Quantitative Management LLC now owns 496 shares of the bank's stock valued at $49,000 after acquiring an additional 235 shares in the last quarter. 11.52% of the stock is owned by hedge funds and other institutional investors.

KB Financial Group Company Profile

KB Financial Group Inc is a South Korean financial holding company headquartered in Seoul. Established in 2008, the group provides a broad range of financial products and services through subsidiaries serving individuals, businesses, and institutional customers in South Korea and selected international markets.

Its principal subsidiary is KB Kookmin Bank, one of South Korea's major commercial banks, which offers deposits, consumer and commercial lending, payments, wealth management, foreign exchange, and related banking services.

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