KB Financial Group (NYSE:KB) Issues Quarterly Earnings Results

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

KB Financial Group Trading Down 0.4 %

Shares of KB Financial Group stock traded down $0.20 on Friday, hitting $54.17. 22,183 shares of the company’s stock traded hands, compared to its average volume of 159,053. The firm’s 50-day moving average price is $58.70 and its two-hundred day moving average price is $62.40. The stock has a market capitalization of $21.32 billion, a PE ratio of 6.31, a price-to-earnings-growth ratio of 0.52 and a beta of 0.99. KB Financial Group has a one year low of $45.59 and a one year high of $72.89. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.66 and a quick ratio of 1.66.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on KB shares. StockNews.com downgraded KB Financial Group from a “buy” rating to a “hold” rating in a report on Wednesday. Morgan Stanley raised KB Financial Group from an “equal weight” rating to an “overweight” rating in a report on Thursday, December 12th.

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.