Grupo Cibest S.A. – Sponsored ADR $CIB Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lessened its stake in Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) by 37.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 49,528 shares of the bank’s stock after selling 29,666 shares during the period. Thrivent Financial for Lutherans’ holdings in Grupo Cibest were worth $3,151,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CIB. Baader Bank Aktiengesellschaft acquired a new stake in Grupo Cibest during the fourth quarter worth $668,000. Ethic Inc. increased its stake in Grupo Cibest by 5.9% during the fourth quarter. Ethic Inc. now owns 87,276 shares of the bank’s stock worth $5,552,000 after acquiring an additional 4,830 shares during the last quarter. Ballentine Partners LLC increased its stake in Grupo Cibest by 2.1% during the fourth quarter. Ballentine Partners LLC now owns 16,229 shares of the bank’s stock worth $1,032,000 after acquiring an additional 332 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in Grupo Cibest during the fourth quarter worth $363,000. Finally, SBI Securities Co. Ltd. increased its stake in Grupo Cibest by 100.1% during the fourth quarter. SBI Securities Co. Ltd. now owns 2,257 shares of the bank’s stock worth $144,000 after acquiring an additional 1,129 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on CIB shares. Itau BBA Securities cut Grupo Cibest from a “market perform” rating to an “underperform” rating and set a $68.00 target price for the company. in a research note on Thursday, February 26th. UBS Group raised their target price on Grupo Cibest from $52.00 to $72.00 and gave the stock a “neutral” rating in a research note on Thursday, April 23rd. The Goldman Sachs Group raised their target price on Grupo Cibest from $69.00 to $76.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 25th. JPMorgan Chase & Co. raised their target price on Grupo Cibest from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Monday, May 18th. Finally, Weiss Ratings cut Grupo Cibest from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, April 24th. Six research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Reduce” and an average price target of $67.00.

Grupo Cibest Trading Down 0.7%

NYSE:CIB opened at $65.86 on Friday. The firm has a market cap of $15.84 billion, a PE ratio of 18.29, a price-to-earnings-growth ratio of 0.95 and a beta of 0.71. The stock has a fifty day moving average price of $69.70 and a 200 day moving average price of $69.34. Grupo Cibest S.A. – Sponsored ADR has a 12-month low of $40.28 and a 12-month high of $86.31. The company has a current ratio of 0.98, a quick ratio of 1.03 and a debt-to-equity ratio of 0.20.

Grupo Cibest (NYSE:CIB) last released its earnings results on Monday, May 4th. The bank reported $1.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.22). The company had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $2.04 billion. Grupo Cibest had a net margin of 8.41% and a return on equity of 21.07%. Sell-side analysts anticipate that Grupo Cibest S.A. – Sponsored ADR will post 8.62 earnings per share for the current fiscal year.

Grupo Cibest Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 13th. Shareholders of record on Tuesday, March 31st were issued a dividend of $1.2182 per share. This represents a $4.87 dividend on an annualized basis and a yield of 7.4%. The ex-dividend date of this dividend was Tuesday, March 31st. Grupo Cibest’s payout ratio is 136.11%.

Grupo Cibest Company Profile

Bancolombia SA (NYSE: CIB) is a leading financial institution in Colombia, offering a comprehensive suite of banking and financial services. As one of the largest universal banks in the country, the company provides retail and commercial banking, corporate and investment banking, treasury services, and wealth management solutions. Through its extensive branch network and digital platforms, Bancolombia serves individual clients, small and medium enterprises, and large corporations, focusing on convenience, innovation and customer experience.

In addition to traditional banking, Bancolombia’s product portfolio includes insurance, pension fund management, leasing, factoring, brokerage and asset management.