14,892 Shares in Grupo Cibest S.A. – Sponsored ADR $CIB Purchased by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. acquired a new position in Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 14,892 shares of the bank’s stock, valued at approximately $947,000.

Several other hedge funds have also recently bought and sold shares of the business. Signaturefd LLC lifted its stake in Grupo Cibest by 5.3% in the 4th quarter. Signaturefd LLC now owns 4,905 shares of the bank’s stock worth $312,000 after acquiring an additional 248 shares in the last quarter. Ballentine Partners LLC lifted its stake in Grupo Cibest by 2.1% in the 4th quarter. Ballentine Partners LLC now owns 16,229 shares of the bank’s stock worth $1,032,000 after acquiring an additional 332 shares in the last quarter. GAMMA Investing LLC lifted its stake in Grupo Cibest by 39.8% in the 4th quarter. GAMMA Investing LLC now owns 1,321 shares of the bank’s stock worth $84,000 after acquiring an additional 376 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Grupo Cibest by 9.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,855 shares of the bank’s stock worth $252,000 after acquiring an additional 399 shares in the last quarter. Finally, R Squared Ltd lifted its stake in Grupo Cibest by 7.1% in the 3rd quarter. R Squared Ltd now owns 6,373 shares of the bank’s stock worth $331,000 after acquiring an additional 420 shares in the last quarter.

Grupo Cibest Price Performance

Shares of NYSE:CIB opened at $72.33 on Thursday. Grupo Cibest S.A. – Sponsored ADR has a fifty-two week low of $41.42 and a fifty-two week high of $86.31. The business has a 50-day moving average of $70.14 and a two-hundred day moving average of $69.92. The stock has a market capitalization of $17.16 billion, a P/E ratio of 20.09, a P/E/G ratio of 1.12 and a beta of 0.70. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.98 and a quick ratio of 0.98.

Grupo Cibest (NYSE:CIB) last issued its quarterly earnings data on Monday, May 4th. The bank reported $1.62 earnings per share for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.22). Grupo Cibest had a net margin of 8.41% and a return on equity of 21.07%. The company had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $2.04 billion. On average, equities research analysts predict that Grupo Cibest S.A. – Sponsored ADR will post 8.65 EPS for the current fiscal year.

Grupo Cibest Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 13th. Investors of record on Tuesday, March 31st were paid a $1.2182 dividend. This represents a $4.87 dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date of this dividend was Tuesday, March 31st. Grupo Cibest’s dividend payout ratio (DPR) is presently 136.11%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CIB. UBS Group raised their price target 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 price target on Grupo Cibest from $69.00 to $76.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 25th. Bank of America raised Grupo Cibest from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $68.00 to $75.00 in a research note on Monday. Itau BBA Securities raised Grupo Cibest from a “strong sell” rating to a “market perform” rating in a research note on Tuesday, May 26th. Finally, JPMorgan Chase & Co. raised their price target on Grupo Cibest from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Monday, May 18th. Eight analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $72.20.

Grupo Cibest 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.