KB Financial Group (NYSE:KB) Announces Earnings Results

KB Financial Group (NYSE:KB) announced its earnings results on Wednesday. The bank reported $1.21 earnings per share for the quarter, Zacks reports. KB Financial Group had a net margin of 12.33% and a return on equity of 7.71%. The firm had revenue of $2.94 billion during the quarter.

KB Financial Group Stock Performance

KB traded down $0.47 during trading on Friday, hitting $53.90. 37,329 shares of the company traded hands, compared to its average volume of 159,350. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 2.29. The stock’s fifty day moving average is $58.70 and its 200 day moving average is $62.40. KB Financial Group has a one year low of $45.59 and a one year high of $72.89. The firm has a market cap of $21.21 billion, a P/E ratio of 6.31, a price-to-earnings-growth ratio of 0.52 and a beta of 0.99.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Morgan Stanley upgraded KB Financial Group from an “equal weight” rating to an “overweight” rating in a research note on Thursday, December 12th. StockNews.com cut KB Financial Group from a “buy” rating to a “hold” rating in a report on Wednesday.

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.