Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) Receives $59.20 Average Target Price from Analysts

Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) has earned a consensus recommendation of “Reduce” from the nine brokerages that are covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $59.20.

Several equities analysts have issued reports on the stock. Zacks Research cut shares of Grupo Cibest from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 20th. Santander cut shares of Grupo Cibest to an “underperform” rating in a report on Wednesday, December 17th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Grupo Cibest in a report on Monday, December 29th. The Goldman Sachs Group boosted their target price on Grupo Cibest from $69.00 to $76.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 25th. Finally, Citigroup downgraded Grupo Cibest from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 21st.

Grupo Cibest Stock Performance

Shares of Grupo Cibest stock opened at $65.49 on Monday. The stock has a market capitalization of $15.75 billion, a price-to-earnings ratio of 17.89, a PEG ratio of 1.14 and a beta of 0.83. The firm’s fifty day simple moving average is $74.38 and its 200-day simple moving average is $63.20. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.00 and a quick ratio of 1.00. Grupo Cibest has a 12 month low of $35.44 and a 12 month high of $86.31.

Hedge Funds Weigh In On Grupo Cibest

Institutional investors and hedge funds have recently made changes to their positions in the stock. FNY Investment Advisers LLC acquired a new stake in shares of Grupo Cibest in the fourth quarter valued at about $31,000. Arax Advisory Partners grew its position in Grupo Cibest by 2,525.0% during the fourth quarter. Arax Advisory Partners now owns 525 shares of the bank’s stock worth $33,000 after buying an additional 505 shares during the period. Smartleaf Asset Management LLC increased its holdings in Grupo Cibest by 105.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 546 shares of the bank’s stock valued at $35,000 after buying an additional 280 shares in the last quarter. TD Waterhouse Canada Inc. acquired a new stake in shares of Grupo Cibest during the 4th quarter valued at approximately $43,000. Finally, Caitong International Asset Management Co. Ltd grew its holdings in shares of Grupo Cibest by 89.2% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 753 shares of the bank’s stock worth $48,000 after acquiring an additional 355 shares during the period.

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.