Y Intercept Hong Kong Ltd Purchases Shares of 9,624 Grupo Cibest S.A. – Sponsored ADR $CIB

Y Intercept Hong Kong Ltd purchased a new stake in Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 9,624 shares of the bank’s stock, valued at approximately $445,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd increased its stake in Grupo Cibest by 253.2% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 657 shares of the bank’s stock valued at $30,000 after purchasing an additional 471 shares in the last quarter. SVB Wealth LLC purchased a new position in Grupo Cibest in the first quarter worth $45,000. Aberdeen Group plc purchased a new stake in Grupo Cibest during the first quarter worth about $201,000. Malaga Cove Capital LLC bought a new position in Grupo Cibest during the first quarter valued at $209,000. Finally, R Squared Ltd bought a new stake in Grupo Cibest in the 2nd quarter valued at about $275,000.

Grupo Cibest Stock Performance

Shares of CIB stock opened at $60.37 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.00 and a current ratio of 1.00. Grupo Cibest S.A. – Sponsored ADR has a fifty-two week low of $30.68 and a fifty-two week high of $60.77. The stock has a 50 day moving average price of $53.76 and a two-hundred day moving average price of $47.47. The company has a market capitalization of $14.52 billion, a P/E ratio of 9.16, a PEG ratio of 1.13 and a beta of 0.95.

Grupo Cibest (NYSE:CIB) last posted its quarterly earnings results on Thursday, August 7th. The bank reported $1.79 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.13. The company had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.75 billion. Grupo Cibest had a net margin of 15.30% and a return on equity of 19.77%. Analysts expect that Grupo Cibest S.A. – Sponsored ADR will post 6 earnings per share for the current year.

Analyst Upgrades and Downgrades

CIB has been the subject of several recent research reports. Citigroup reiterated a “buy” rating on shares of Grupo Cibest in a research report on Monday, October 20th. Bank of America reiterated an “underperform” rating on shares of Grupo Cibest in a research report on Thursday, September 11th. Weiss Ratings restated a “buy (b)” rating on shares of Grupo Cibest in a research report on Tuesday, October 14th. Finally, Zacks Research upgraded Grupo Cibest from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 24th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Grupo Cibest has a consensus rating of “Hold” and a consensus target price of $43.75.

Grupo Cibest Company Profile

Bancolombia SA, together with its subsidiaries, provides banking products and services in Colombia and internationally. The company operates through nine segments: Banking Colombia, Banking Panama, Banking El Salvador, Banking Guatemala, Trust, Investment Banking, Brokerage, International Banking, and All Other.