Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) Receives Average Recommendation of “Reduce” from Analysts

Shares of Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) have received a consensus rating of “Reduce” from the nine analysts that are covering the company, 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 price objective among brokerages that have issued ratings on the stock in the last year is $72.20.

Several equities research analysts have recently issued reports on the stock. The Goldman Sachs Group raised their target price on shares of Grupo Cibest from $69.00 to $76.00 and gave the stock a “neutral” rating in a report on Wednesday, February 25th. JPMorgan Chase & Co. raised their target price on shares of Grupo Cibest from $65.00 to $70.00 and gave the stock a “neutral” rating in a report on Monday, May 18th. UBS Group raised their target price on shares of Grupo Cibest from $52.00 to $72.00 and gave the stock a “neutral” rating in a report on Thursday, April 23rd. Weiss Ratings lowered shares of Grupo Cibest from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, April 24th. Finally, Bank of America upgraded shares of Grupo Cibest from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $68.00 to $75.00 in a report on Monday, June 1st.

Institutional Investors Weigh In On Grupo Cibest

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CIB. Millennium Management LLC lifted its holdings in Grupo Cibest by 527.0% during the 1st quarter. Millennium Management LLC now owns 316,877 shares of the bank’s stock valued at $12,738,000 after buying an additional 266,341 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Grupo Cibest by 62.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 142,018 shares of the bank’s stock valued at $5,709,000 after buying an additional 54,497 shares in the last quarter. Marshall Wace LLP lifted its holdings in Grupo Cibest by 288.4% during the 2nd quarter. Marshall Wace LLP now owns 40,269 shares of the bank’s stock valued at $1,860,000 after buying an additional 29,902 shares in the last quarter. Cerity Partners LLC bought a new stake in Grupo Cibest during the 2nd quarter valued at about $349,000. Finally, Qube Research & Technologies Ltd lifted its holdings in Grupo Cibest by 158.7% during the 2nd quarter. Qube Research & Technologies Ltd now owns 254,287 shares of the bank’s stock valued at $11,746,000 after buying an additional 155,985 shares in the last quarter.

Grupo Cibest Stock Performance

Shares of NYSE:CIB opened at $74.96 on Wednesday. Grupo Cibest has a 52 week low of $41.42 and a 52 week high of $86.31. The stock has a market capitalization of $17.79 billion, a P/E ratio of 20.82, a PEG ratio of 1.09 and a beta of 0.70. The firm has a fifty day simple moving average of $70.25 and a two-hundred day simple moving average of $70.19. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.20.

Grupo Cibest (NYSE:CIB) last issued its quarterly earnings data on Monday, May 4th. The bank reported $1.62 EPS for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.22). Grupo Cibest had a return on equity of 21.07% and a net margin of 8.41%.The business had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $2.04 billion. On average, analysts expect that Grupo Cibest will post 8.65 earnings per share for the current fiscal year.

Grupo Cibest Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 13th. Stockholders of record on Tuesday, March 31st were issued a $1.2182 dividend. This represents a $4.87 annualized dividend and a dividend yield of 6.5%. The ex-dividend date was Tuesday, March 31st. Grupo Cibest’s dividend payout ratio (DPR) is 136.11%.

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.