Grupo Cibest S.A. – Sponsored ADR $CIB Shares Sold by Swedbank AB

Swedbank AB cut its stake in Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) by 31.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 21,300 shares of the bank’s stock after selling 9,900 shares during the period. Swedbank AB’s holdings in Grupo Cibest were worth $1,355,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. FNY Investment Advisers LLC acquired a new stake in shares of Grupo Cibest in the fourth quarter worth approximately $31,000. TD Waterhouse Canada Inc. acquired a new stake in shares of Grupo Cibest in the fourth quarter worth approximately $43,000. Tower Research Capital LLC TRC boosted its position in shares of Grupo Cibest by 796.3% in the second quarter. Tower Research Capital LLC TRC now owns 977 shares of the bank’s stock worth $45,000 after acquiring an additional 868 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Grupo Cibest by 39.8% in the fourth quarter. GAMMA Investing LLC now owns 1,321 shares of the bank’s stock worth $84,000 after acquiring an additional 376 shares during the last quarter. Finally, Grove Bank & Trust acquired a new stake in shares of Grupo Cibest in the fourth quarter worth approximately $97,000.

Grupo Cibest Stock Down 1.2%

Shares of NYSE:CIB opened at $70.87 on Thursday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.20. The company has a fifty day simple moving average of $69.87 and a 200 day simple moving average of $69.63. The firm has a market cap of $17.04 billion, a PE ratio of 19.69, a price-to-earnings-growth ratio of 1.09 and a beta of 0.71. Grupo Cibest S.A. – Sponsored ADR has a 12-month low of $41.22 and a 12-month high of $86.31.

Grupo Cibest (NYSE:CIB) last issued its quarterly 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). The company had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $2.04 billion. Grupo Cibest had a return on equity of 21.07% and a net margin of 8.41%. On average, equities research analysts anticipate that Grupo Cibest S.A. – Sponsored ADR will post 8.62 EPS for the current fiscal year.

Grupo Cibest Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 13th. Investors of record on Tuesday, March 31st were paid a $1.2182 dividend. This represents a $4.87 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date was Tuesday, March 31st. Grupo Cibest’s payout ratio is 136.11%.

Wall Street Analyst Weigh In

CIB has been the topic of several research reports. UBS Group raised their price target on shares of Grupo Cibest from $52.00 to $72.00 and gave the company a “neutral” rating in a report on Thursday, April 23rd. JPMorgan Chase & Co. raised their price target on shares of Grupo Cibest from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Monday, May 18th. Weiss Ratings lowered shares of Grupo Cibest from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, April 24th. Itau BBA Securities upgraded shares of Grupo Cibest from a “strong sell” rating to a “market perform” rating in a report on Tuesday. Finally, The Goldman Sachs Group raised their price target on shares of Grupo Cibest from $69.00 to $76.00 and gave the company a “neutral” rating in a report on Wednesday, February 25th. Seven investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $67.00.

Grupo Cibest 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.