Grupo Cibest S.A. – Sponsored ADR (CIB) – What Are Investment Firms Saying About This Stock?

Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) has received an average rating of “Hold” from the nine brokerages that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $90.83.

A number of brokerages recently weighed in on CIB. The Goldman Sachs Group lifted their price objective on shares of Grupo Cibest from $98.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Citigroup raised shares of Grupo Cibest from a “hold” rating to a “buy” rating in a research report on Thursday, August 13th. Zacks Research cut shares of Grupo Cibest from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 12th. JPMorgan Chase & Co. lowered shares of Grupo Cibest from an “overweight” rating to a “neutral” rating and set a $110.00 target price on the stock. in a research report on Wednesday, September 16th. Finally, Royal Bank Of Canada set a $110.00 target price on Grupo Cibest in a research note on Tuesday, August 11th.

Grupo Cibest Stock Performance

CIB opened at $92.21 on Friday. The company has a market capitalization of $21.88 billion, a PE ratio of 17.97, a price-to-earnings-growth ratio of 0.70 and a beta of 0.69. Grupo Cibest has a 1 year low of $59.64 and a 1 year high of $105.60. The business has a fifty day simple moving average of $96.21 and a 200 day simple moving average of $82.33. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.99 and a quick ratio of 0.99.

Grupo Cibest (NYSE:CIB) last issued its quarterly earnings data on Monday, August 10th. The bank reported $3.32 earnings per share for the quarter, topping analysts’ consensus estimates of $2.14 by $1.18. Grupo Cibest had a return on equity of 20.87% and a net margin of 10.80%. The firm had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.40 billion. Research analysts expect that Grupo Cibest will post 10.87 EPS for the current year.

Grupo Cibest Announces Dividend

The firm also recently announced a special dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 8th were paid a $1.6324 dividend. The ex-dividend date was Tuesday, September 8th. Grupo Cibest’s payout ratio is presently 106.24%.

Institutional Trading of Grupo Cibest

Several institutional investors and hedge funds have recently bought and sold shares of CIB. Candriam S.C.A. raised its position in Grupo Cibest by 46.5% during the 3rd quarter. Candriam S.C.A. now owns 734,456 shares of the bank’s stock worth $68,443,000 after buying an additional 233,000 shares during the last quarter. William Blair Investment Management LLC grew its stake in Grupo Cibest by 73.7% in the 3rd quarter. William Blair Investment Management LLC now owns 618,837 shares of the bank’s stock valued at $57,449,000 after buying an additional 262,467 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Grupo Cibest by 9.1% during the 1st quarter. Bank of America Corp DE now owns 516,834 shares of the bank’s stock valued at $37,631,000 after purchasing an additional 43,126 shares in the last quarter. Amundi lifted its position in Grupo Cibest by 26.7% during the first quarter. Amundi now owns 495,535 shares of the bank’s stock valued at $36,080,000 after purchasing an additional 104,280 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Grupo Cibest by 0.5% in the first quarter. Dimensional Fund Advisors LP now owns 434,635 shares of the bank’s stock worth $31,599,000 after acquiring an additional 2,132 shares during the period.

About Grupo Cibest

Grupo Cibest SA is a Colombia-based financial services holding company whose principal business is conducted through Bancolombia and related subsidiaries. The group provides banking and financial solutions to individuals, businesses, institutions and governments, with activities spanning commercial banking, consumer finance, corporate banking, investment banking, wealth management, insurance and payments.

Its offerings include deposit accounts, loans, credit cards, cash-management services, investment products, trust and fiduciary services, foreign-exchange solutions and digital financial tools.