Boston Common Asset Management LLC Has $9.95 Million Holdings in Grupo Cibest S.A. – Sponsored ADR $CIB

Boston Common Asset Management LLC increased its stake in Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) by 10.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 215,373 shares of the bank’s stock after buying an additional 19,758 shares during the quarter. Boston Common Asset Management LLC owned approximately 0.09% of Grupo Cibest worth $9,948,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in CIB. SVB Wealth LLC acquired a new stake in shares of Grupo Cibest in the 1st quarter valued at approximately $45,000. Aberdeen Group plc bought a new stake in Grupo Cibest in the 1st quarter valued at $201,000. Malaga Cove Capital LLC bought a new stake in Grupo Cibest in the 1st quarter valued at $209,000. JBF Capital Inc. bought a new stake in Grupo Cibest in the 1st quarter valued at $241,000. Finally, Aigen Investment Management LP bought a new stake in Grupo Cibest in the 1st quarter valued at $241,000.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Zacks Research upgraded Grupo Cibest from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 24th. Bank of America restated an “underperform” rating on shares of Grupo Cibest in a research note on Thursday, September 11th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Grupo Cibest in a research note on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $43.75.

Grupo Cibest Stock Up 1.7%

CIB stock opened at $52.22 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market capitalization of $12.56 billion, a price-to-earnings ratio of 7.92, a PEG ratio of 1.03 and a beta of 0.94. The business’s fifty day moving average price is $49.68 and its two-hundred day moving average price is $44.88. Grupo Cibest S.A. – Sponsored ADR has a fifty-two week low of $30.65 and a fifty-two week high of $53.99.

Grupo Cibest (NYSE:CIB) last posted its quarterly earnings data on Thursday, August 7th. The bank reported $1.79 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.13. The firm had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.75 billion. Grupo Cibest had a return on equity of 19.77% and a net margin of 15.30%. On average, equities analysts anticipate that Grupo Cibest S.A. – Sponsored ADR will post 6 earnings per share for the current year.

Grupo Cibest Company Profile

Bancolombia SA, together with its subsidiaries, provides banking products and services in Colombia and internationally. The company operates through nine segments: Banking Colombia, Banking Panama, Banking El Salvador, Banking Guatemala, Trust, Investment Banking, Brokerage, International Banking, and All Other.