Barings LLC Purchases 27,227 Shares of Grupo Cibest S.A. – Sponsored ADR $CIB

Barings LLC boosted its position in Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) by 50.2% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 81,500 shares of the bank’s stock after purchasing an additional 27,227 shares during the period. Barings LLC’s holdings in Grupo Cibest were worth $5,934,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Calamos Advisors LLC bought a new position in shares of Grupo Cibest during the 1st quarter worth approximately $663,000. Hsbc Holdings PLC bought a new stake in Grupo Cibest in the 1st quarter valued at $226,000. Swedbank AB lifted its holdings in Grupo Cibest by 9.8% during the 1st quarter. Swedbank AB now owns 23,385 shares of the bank’s stock valued at $1,703,000 after purchasing an additional 2,085 shares during the last quarter. V Square Quantitative Management LLC lifted its holdings in Grupo Cibest by 24.0% during the 1st quarter. V Square Quantitative Management LLC now owns 2,492 shares of the bank’s stock valued at $181,000 after purchasing an additional 482 shares during the last quarter. Finally, QRG Capital Management Inc. boosted its position in Grupo Cibest by 8.2% during the first quarter. QRG Capital Management Inc. now owns 16,409 shares of the bank’s stock worth $1,195,000 after purchasing an additional 1,240 shares during the period.

Wall Street Analyst Weigh In

CIB has been the topic of several research analyst reports. Itau BBA Securities raised shares of Grupo Cibest from a “strong sell” rating to a “market perform” rating in a research report on Tuesday, May 26th. JPMorgan Chase & Co. upped their price target on shares of Grupo Cibest from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Monday, May 18th. UBS Group increased 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. The Goldman Sachs Group raised their price objective on shares of Grupo Cibest from $71.00 to $81.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Bank of America upgraded Grupo Cibest from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $68.00 to $75.00 in a report on Monday, June 1st. Eight equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $73.20.

Grupo Cibest Price Performance

Shares of NYSE CIB opened at $79.30 on Friday. The business has a fifty day moving average price of $74.61 and a two-hundred day moving average price of $73.46. The stock has a market capitalization of $18.82 billion, a PE ratio of 22.03, a P/E/G ratio of 0.93 and a beta of 0.67. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.98 and a quick ratio of 0.98. Grupo Cibest S.A. – Sponsored ADR has a fifty-two week low of $43.20 and a fifty-two week high of $87.68.

Grupo Cibest (NYSE:CIB) last released its earnings results on Monday, May 4th. The bank reported $1.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.84 by ($0.22). The company had revenue of $1.69 billion for 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, equities analysts predict that Grupo Cibest S.A. – Sponsored ADR will post 8.87 earnings per share for the current fiscal year.

Grupo Cibest Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 13th. Stockholders of record on Tuesday, June 30th were given a $1.304 dividend. This represents a $5.22 annualized dividend and a dividend yield of 6.6%. The ex-dividend date was Tuesday, June 30th. This is a boost from Grupo Cibest’s previous quarterly dividend of $1.22. Grupo Cibest’s dividend payout ratio is presently 147.78%.

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.