R Squared Ltd Takes $275,000 Position in Grupo Cibest S.A. – Sponsored ADR $CIB

R Squared Ltd bought a new stake in shares of Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,953 shares of the bank’s stock, valued at approximately $275,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. DekaBank Deutsche Girozentrale bought a new position in shares of Grupo Cibest during the 2nd quarter valued at approximately $582,000. Allianz Asset Management GmbH grew its position in shares of Grupo Cibest by 88.7% during the 2nd quarter. Allianz Asset Management GmbH now owns 178,137 shares of the bank’s stock valued at $8,228,000 after acquiring an additional 83,751 shares during the period. Vanguard Personalized Indexing Management LLC grew its position in shares of Grupo Cibest by 22.7% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 18,317 shares of the bank’s stock valued at $846,000 after acquiring an additional 3,384 shares during the period. Aberdeen Group plc grew its position in shares of Grupo Cibest by 25.4% during the 2nd quarter. Aberdeen Group plc now owns 6,377 shares of the bank’s stock valued at $296,000 after acquiring an additional 1,291 shares during the period. Finally, Triasima Portfolio Management inc. grew its position in shares of Grupo Cibest by 138.0% during the 2nd quarter. Triasima Portfolio Management inc. now owns 104,655 shares of the bank’s stock valued at $4,834,000 after acquiring an additional 60,680 shares during the period.

Wall Street Analysts Forecast Growth

CIB has been the subject of a number of research reports. Citigroup reissued a “buy” rating on shares of Grupo Cibest in a research report on Monday, October 20th. Bank of America reaffirmed an “underperform” rating on shares of Grupo Cibest in a report on Thursday, September 11th. Zacks Research raised shares of Grupo Cibest from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 24th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Grupo Cibest in a report on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Grupo Cibest currently has a consensus rating of “Hold” and a consensus price target of $43.75.

Grupo Cibest Stock Up 0.4%

CIB opened at $56.06 on Friday. The company has a fifty day moving average price of $52.24 and a 200-day moving average price of $46.26. The firm has a market capitalization of $13.48 billion, a P/E ratio of 8.51, a price-to-earnings-growth ratio of 1.10 and a beta of 0.94. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.00 and a quick ratio of 1.00. Grupo Cibest S.A. – Sponsored ADR has a one year low of $30.68 and a one year high of $57.40.

Grupo Cibest (NYSE:CIB) last released its quarterly earnings results on Thursday, August 7th. The bank reported $1.79 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.13. The firm had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.75 billion. Grupo Cibest had a net margin of 15.30% and a return on equity of 19.77%. Equities research analysts expect that Grupo Cibest S.A. – Sponsored ADR will post 6 earnings per share for the current fiscal year.

About Grupo Cibest

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.