Blue Grotto Capital LLC Has $24.30 Million Position in Grupo Cibest S.A. – Sponsored ADR $CIB

Blue Grotto Capital LLC grew its position in Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) by 7.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 382,023 shares of the bank’s stock after buying an additional 25,466 shares during the quarter. Grupo Cibest accounts for about 2.5% of Blue Grotto Capital LLC’s portfolio, making the stock its 19th largest holding. Blue Grotto Capital LLC’s holdings in Grupo Cibest were worth $24,300,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in CIB. FNY Investment Advisers LLC bought a new stake in shares of Grupo Cibest during the 4th quarter valued at approximately $31,000. Arax Advisory Partners grew its holdings in shares of Grupo Cibest by 2,525.0% during the 4th quarter. Arax Advisory Partners now owns 525 shares of the bank’s stock valued at $33,000 after purchasing an additional 505 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Grupo Cibest by 105.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 546 shares of the bank’s stock valued at $35,000 after purchasing an additional 280 shares during the last quarter. TD Waterhouse Canada Inc. bought a new stake in shares of Grupo Cibest during the 4th quarter valued at approximately $43,000. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Grupo Cibest by 796.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 977 shares of the bank’s stock valued at $45,000 after purchasing an additional 868 shares during the last quarter.

Grupo Cibest Trading Down 0.2%

NYSE:CIB opened at $80.03 on Tuesday. The firm’s fifty day moving average is $70.84 and its 200-day moving average is $70.71. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.98 and a current ratio of 0.98. Grupo Cibest S.A. – Sponsored ADR has a 52 week low of $42.06 and a 52 week high of $86.31. The firm has a market cap of $18.99 billion, a P/E ratio of 22.23, a P/E/G ratio of 1.22 and a beta of 0.70.

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). 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 for the quarter, compared to analyst estimates of $2.04 billion. Equities analysts expect that Grupo Cibest S.A. – Sponsored ADR will post 8.65 earnings per share for the current year.

Grupo Cibest Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 13th. Investors of record on Tuesday, March 31st were given a dividend of $1.2182 per share. This represents a $4.87 dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date was Tuesday, March 31st. Grupo Cibest’s payout ratio is presently 136.11%.

Analyst Ratings Changes

Several brokerages recently issued reports on CIB. Bank of America raised shares of Grupo Cibest from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $68.00 to $75.00 in a report on Monday, June 1st. Itau BBA Securities raised shares of Grupo Cibest from a “strong sell” rating to a “market perform” rating in a report on Tuesday, May 26th. Weiss Ratings lowered shares of Grupo Cibest from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, April 24th. JPMorgan Chase & Co. boosted their target price on shares of Grupo Cibest from $65.00 to $70.00 and gave the stock a “neutral” rating in a report on Monday, May 18th. Finally, The Goldman Sachs Group boosted their target price on shares of Grupo Cibest from $69.00 to $76.00 and gave the stock a “neutral” rating in a report on Wednesday, February 25th. Eight investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $72.20.

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.