Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) Given Consensus Recommendation of “Reduce” by Analysts

Shares of Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) have been given a consensus rating of “Reduce” by the nine analysts that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating and eight have given a hold rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $72.20.

Several brokerages have recently commented on CIB. Weiss Ratings cut Grupo Cibest from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, April 24th. Itau BBA Securities raised Grupo Cibest from a “strong sell” rating to a “market perform” rating in a research report on Tuesday, May 26th. UBS Group raised their target price on Grupo Cibest from $52.00 to $72.00 and gave the stock a “neutral” rating in a research report on Thursday, April 23rd. JPMorgan Chase & Co. raised their target price on Grupo Cibest from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Monday, May 18th. Finally, The Goldman Sachs Group raised 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.

Grupo Cibest Stock Performance

Shares of NYSE CIB opened at $79.13 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $18.78 billion, a price-to-earnings ratio of 21.98, a PEG ratio of 1.22 and a beta of 0.70. The stock’s fifty day simple moving average is $70.97 and its 200 day simple moving average is $70.82. Grupo Cibest has a 52-week low of $42.06 and a 52-week high of $86.31.

Grupo Cibest (NYSE:CIB) last issued its earnings results on Monday, May 4th. The bank reported $1.62 EPS for the quarter, missing the consensus estimate of $1.84 by ($0.22). The business had revenue of $1.69 billion during the quarter, compared to analyst estimates of $2.04 billion. Grupo Cibest had a return on equity of 21.07% and a net margin of 8.41%. As a group, sell-side analysts forecast that Grupo Cibest will post 8.65 earnings per share for the current fiscal year.

Grupo Cibest Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 13th. Stockholders of record on Tuesday, March 31st were given a $1.2182 dividend. This represents a $4.87 annualized dividend and a dividend yield of 6.2%. The ex-dividend date of this dividend was Tuesday, March 31st. Grupo Cibest’s dividend payout ratio (DPR) is 136.11%.

Institutional Trading of Grupo Cibest

A number of institutional investors have recently bought and sold shares of CIB. Millennium Management LLC boosted its position in Grupo Cibest by 527.0% during the first quarter. Millennium Management LLC now owns 316,877 shares of the bank’s stock valued at $12,738,000 after purchasing an additional 266,341 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Grupo Cibest by 62.3% during the first quarter. Goldman Sachs Group Inc. now owns 142,018 shares of the bank’s stock valued at $5,709,000 after purchasing an additional 54,497 shares during the last quarter. Marshall Wace LLP boosted its position in Grupo Cibest by 288.4% during the second quarter. Marshall Wace LLP now owns 40,269 shares of the bank’s stock valued at $1,860,000 after purchasing an additional 29,902 shares during the last quarter. Cerity Partners LLC acquired a new stake in Grupo Cibest during the second quarter valued at $349,000. Finally, Qube Research & Technologies Ltd boosted its position in Grupo Cibest by 158.7% during the second quarter. Qube Research & Technologies Ltd now owns 254,287 shares of the bank’s stock valued at $11,746,000 after purchasing an additional 155,985 shares during the last quarter.

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.