Grupo Cibest (NYSE:CIB) Hits New 52-Week High – Still a Buy?

Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) hit a new 52-week high during trading on Wednesday . The stock traded as high as $65.11 and last traded at $64.4340, with a volume of 18264 shares traded. The stock had previously closed at $64.07.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Bank of America reissued an “underperform” rating on shares of Grupo Cibest in a research report on Thursday, September 11th. JPMorgan Chase & Co. raised their price target on shares of Grupo Cibest from $48.00 to $65.00 and gave the stock a “neutral” rating in a research report on Friday, November 21st. Zacks Research upgraded shares of Grupo Cibest from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 24th. Weiss Ratings reissued a “buy (b-)” rating on shares of Grupo Cibest in a research report on Monday. Finally, Citigroup reaffirmed a “buy” rating on shares of Grupo Cibest in a report on Monday, October 20th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Grupo Cibest has a consensus rating of “Hold” and a consensus target price of $48.00.

Grupo Cibest Trading Down 0.2%

The firm has a market cap of $15.37 billion, a P/E ratio of 8.78, a price-to-earnings-growth ratio of 0.89 and a beta of 0.88. The company’s fifty day moving average price is $57.68 and its two-hundred day moving average price is $50.28. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.26.

Institutional Investors Weigh In On Grupo Cibest

A number of hedge funds and other institutional investors have recently bought and sold shares of CIB. Ameriprise Financial Inc. grew its holdings in shares of Grupo Cibest by 9.0% during the third quarter. Ameriprise Financial Inc. now owns 4,855 shares of the bank’s stock worth $252,000 after purchasing an additional 399 shares during the last quarter. R Squared Ltd lifted its position in Grupo Cibest by 7.1% during the 3rd quarter. R Squared Ltd now owns 6,373 shares of the bank’s stock worth $331,000 after buying an additional 420 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in Grupo Cibest by 253.2% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 657 shares of the bank’s stock worth $30,000 after acquiring an additional 471 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC raised its stake in shares of Grupo Cibest by 4.7% in the third quarter. Laird Norton Wetherby Wealth Management LLC now owns 11,421 shares of the bank’s stock worth $593,000 after acquiring an additional 511 shares during the last quarter. Finally, Measured Wealth Private Client Group LLC lifted its position in shares of Grupo Cibest by 7.9% during the first quarter. Measured Wealth Private Client Group LLC now owns 9,548 shares of the bank’s stock worth $384,000 after purchasing an additional 700 shares in the last quarter.

About Grupo Cibest

Bancolombia SA, together with its subsidiaries, provides banking products and services in Colombia and internationally. The company operates through nine segments: Banking Colombia, Banking Panama, Banking El Salvador, Banking Guatemala, Trust, Investment Banking, Brokerage, International Banking, and All Other.