Grupo Cibest (NYSE:CIB) Posts Earnings Results, Beats Estimates By $997.00 EPS

Grupo Cibest (NYSE:CIB) announced its quarterly earnings results on Wednesday. The bank reported $999.00 EPS for the quarter, topping analysts’ consensus estimates of $2.00 by $997.00, Zacks reports. Grupo Cibest had a net margin of 17.26% and a return on equity of 22.58%.

Grupo Cibest Price Performance

Shares of CIB stock traded down $0.33 during trading hours on Wednesday, reaching $75.40. 222,872 shares of the company were exchanged, compared to its average volume of 434,812. Grupo Cibest has a fifty-two week low of $35.44 and a fifty-two week high of $86.31. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.00 and a quick ratio of 1.00. The stock’s fifty day moving average is $73.67 and its two-hundred day moving average is $62.13. The company has a market cap of $18.13 billion, a price-to-earnings ratio of 10.34, a P/E/G ratio of 0.98 and a beta of 0.79.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Arax Advisory Partners raised its position in shares of Grupo Cibest by 2,525.0% in the 4th quarter. Arax Advisory Partners now owns 525 shares of the bank’s stock valued at $33,000 after acquiring an additional 505 shares during the period. Smartleaf Asset Management LLC raised 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 worth $35,000 after purchasing an additional 280 shares during the period. Caitong International Asset Management Co. Ltd boosted its position in shares of Grupo Cibest by 89.2% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 753 shares of the bank’s stock worth $48,000 after purchasing an additional 355 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Grupo Cibest by 796.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 977 shares of the bank’s stock valued at $45,000 after buying an additional 868 shares during the period. Finally, State of Wyoming increased its position in shares of Grupo Cibest by 17.6% in the 4th quarter. State of Wyoming now owns 3,140 shares of the bank’s stock valued at $200,000 after buying an additional 470 shares in the last quarter.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CIB. Santander cut Grupo Cibest to an “underperform” rating in a report on Wednesday, December 17th. Zacks Research cut Grupo Cibest from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 20th. The Goldman Sachs Group increased their price objective on Grupo Cibest from $69.00 to $76.00 and gave the stock a “neutral” rating in a research note on Wednesday. Citigroup downgraded shares of Grupo Cibest from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 21st. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Grupo Cibest in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $57.00.

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.