Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) Given Average Recommendation of “Hold” by Brokerages

Shares of Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) have earned an average recommendation of “Hold” from the nine brokerages that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $48.00.

CIB has been the topic of a number of research reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Grupo Cibest in a report on Monday, December 29th. Citigroup restated a “buy” rating on shares of Grupo Cibest in a research note on Monday, October 20th. Zacks Research raised shares of Grupo Cibest from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 24th. JPMorgan Chase & Co. lifted their price objective on shares of Grupo Cibest from $48.00 to $65.00 and gave the stock a “neutral” rating in a research note on Friday, November 21st. Finally, Santander downgraded shares of Grupo Cibest to an “underperform” rating in a report on Wednesday, December 17th.

Hedge Funds Weigh In On Grupo Cibest

A number of hedge funds have recently added to or reduced their stakes in CIB. Barrow Hanley Mewhinney & Strauss LLC bought a new position in Grupo Cibest in the third quarter valued at about $44,920,000. Millennium Management LLC boosted its stake in shares of Grupo Cibest by 527.0% in the 1st quarter. Millennium Management LLC now owns 316,877 shares of the bank’s stock valued at $12,738,000 after purchasing an additional 266,341 shares in the last quarter. Sei Investments Co. grew its holdings in shares of Grupo Cibest by 29.8% during the 2nd quarter. Sei Investments Co. now owns 863,718 shares of the bank’s stock valued at $39,895,000 after purchasing an additional 198,228 shares during the last quarter. Candriam S.C.A. acquired a new position in Grupo Cibest during the 2nd quarter worth approximately $8,619,000. Finally, JPMorgan Chase & Co. increased its position in Grupo Cibest by 22.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 939,979 shares of the bank’s stock worth $43,418,000 after purchasing an additional 173,734 shares in the last quarter.

Grupo Cibest Price Performance

Shares of NYSE CIB opened at $70.80 on Friday. The firm has a market cap of $17.02 billion, a P/E ratio of 9.73, a price-to-earnings-growth ratio of 0.88 and a beta of 0.81. The business’s 50 day moving average is $63.30 and its 200-day moving average is $54.51. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.26. Grupo Cibest has a 1-year low of $31.78 and a 1-year high of $70.84.

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.