Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) Given Average Rating of “Hold” by Brokerages

Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) has been assigned a consensus rating of “Hold” from the nine research firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $90.8333.

Several research firms have recently issued reports on CIB. JPMorgan Chase & Co. upgraded shares of Grupo Cibest from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $70.00 to $110.00 in a report on Tuesday, August 11th. Royal Bank Of Canada set a $110.00 price target on shares of Grupo Cibest in a report on Tuesday, August 11th. Zacks Research upgraded shares of Grupo Cibest from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 17th. Weiss Ratings upgraded shares of Grupo Cibest from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 18th. Finally, Bank of America raised shares of Grupo Cibest from an “underperform” rating to a “neutral” rating and upped their target price for the company from $68.00 to $75.00 in a research note on Monday, June 1st.

Institutional Trading of Grupo Cibest

A number of large investors have recently bought and sold shares of CIB. Vanguard Group Inc. lifted its holdings in shares of Grupo Cibest by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 3,089,670 shares of the bank’s stock valued at $196,534,000 after acquiring an additional 67,986 shares during the period. ABN Amro Investment Solutions grew its position in Grupo Cibest by 110.7% during the 4th quarter. ABN Amro Investment Solutions now owns 182,945 shares of the bank’s stock worth $11,637,000 after acquiring an additional 96,109 shares during the last quarter. Bank of America Corp DE increased its holdings in Grupo Cibest by 9.1% during the 1st quarter. Bank of America Corp DE now owns 516,834 shares of the bank’s stock valued at $37,631,000 after purchasing an additional 43,126 shares in the last quarter. Triasima Portfolio Management inc. increased its holdings in Grupo Cibest by 32.5% during the 4th quarter. Triasima Portfolio Management inc. now owns 139,897 shares of the bank’s stock valued at $8,899,000 after purchasing an additional 34,280 shares in the last quarter. Finally, Assetmark Inc. raised its position in Grupo Cibest by 46,580.9% in the 1st quarter. Assetmark Inc. now owns 95,229 shares of the bank’s stock valued at $6,934,000 after purchasing an additional 95,025 shares during the last quarter.

Grupo Cibest Stock Down 0.0%

CIB stock opened at $101.40 on Monday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.99 and a quick ratio of 0.99. Grupo Cibest has a 52-week low of $49.18 and a 52-week high of $102.58. The company has a 50-day moving average of $86.08 and a two-hundred day moving average of $76.67. The stock has a market capitalization of $24.06 billion, a price-to-earnings ratio of 19.77, a price-to-earnings-growth ratio of 0.77 and a beta of 0.67.

Grupo Cibest (NYSE:CIB) last issued its quarterly earnings results on Monday, August 10th. The bank reported $3.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.14 by $1.18. Grupo Cibest had a return on equity of 20.87% and a net margin of 10.80%.The company had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.40 billion. As a group, equities research analysts anticipate that Grupo Cibest will post 10.87 EPS for the current year.

Grupo Cibest Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 13th. Stockholders of record on Wednesday, September 30th will be issued a $1.4438 dividend. This represents a $5.78 dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date of this dividend is Wednesday, September 30th. This is a boost from Grupo Cibest’s previous quarterly dividend of $1.30. Grupo Cibest’s payout ratio is currently 103.70%.

Grupo Cibest Company 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.