Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) Receives Consensus Recommendation of “Reduce” from Brokerages

Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) has received an average recommendation of “Reduce” from the eight analysts that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $55.25.

Several research analysts have recently issued reports on the company. Citigroup lowered Grupo Cibest from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 21st. Santander downgraded Grupo Cibest to an “underperform” rating in a report on Wednesday, December 17th. JPMorgan Chase & Co. boosted their target price on shares of Grupo Cibest from $48.00 to $65.00 and gave the company a “neutral” rating in a report on Friday, November 21st. Zacks Research lowered shares of Grupo Cibest from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 20th. Finally, The Goldman Sachs Group raised shares of Grupo Cibest from a “sell” rating to a “neutral” rating and lifted their price target for the company from $49.00 to $69.00 in a research report on Tuesday, January 13th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. FNY Investment Advisers LLC bought a new stake in shares of Grupo Cibest in the fourth quarter worth $31,000. Caitong International Asset Management Co. Ltd boosted its position in Grupo Cibest by 253.2% in the second quarter. Caitong International Asset Management Co. Ltd now owns 657 shares of the bank’s stock worth $30,000 after purchasing an additional 471 shares during the last quarter. TD Waterhouse Canada Inc. bought a new stake in shares of Grupo Cibest during the 4th quarter valued at about $43,000. Tower Research Capital LLC TRC increased its position 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. Finally, GAMMA Investing LLC lifted its stake in shares of 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 purchasing an additional 376 shares during the period.

Grupo Cibest Trading Down 5.7%

NYSE:CIB opened at $78.00 on Thursday. The company has a 50-day moving average price of $69.50 and a 200-day moving average price of $58.73. The stock has a market cap of $18.76 billion, a price-to-earnings ratio of 10.71, a P/E/G ratio of 1.01 and a beta of 0.79. 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 12 month low of $35.44 and a 12 month high of $86.31.

About Grupo Cibest

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.