Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) Stock Has Average Price Target of $90.83

Shares of Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) have been assigned an average recommendation of “Hold” from the nine brokerages that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $90.83.

A number of brokerages recently issued reports on CIB. The Goldman Sachs Group boosted their price target on Grupo Cibest from $98.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, August 13th. Weiss Ratings raised Grupo Cibest from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday. JPMorgan Chase & Co. restated a “neutral” rating and set a $110.00 price objective on shares of Grupo Cibest in a report on Wednesday, September 16th. Zacks Research raised Grupo Cibest from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 17th. Finally, Citigroup upgraded Grupo Cibest from a “hold” rating to a “buy” rating in a report on Thursday, August 13th.

Grupo Cibest Price Performance

Shares of CIB stock opened at $94.81 on Tuesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.99 and a quick ratio of 0.99. The company has a market capitalization of $22.50 billion, a P/E ratio of 18.48, a P/E/G ratio of 0.72 and a beta of 0.67. The company’s 50-day simple moving average is $96.77 and its two-hundred day simple moving average is $82.92. Grupo Cibest has a one year low of $53.18 and a one year high of $105.60.

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

Grupo Cibest Dividend Announcement

The company also recently declared a special dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 8th were paid a dividend of $1.6324 per share. The ex-dividend date was Tuesday, September 8th. Grupo Cibest’s dividend payout ratio (DPR) is currently 106.24%.

Institutional Trading of Grupo Cibest

Several institutional investors and hedge funds have recently made changes to their positions in CIB. Public Employees Retirement System of Ohio purchased a new position in Grupo Cibest during the second quarter valued at approximately $79,000. SG Americas Securities LLC bought a new position in Grupo Cibest in the first quarter worth approximately $131,000. Strategic Investment Advisors MI purchased a new stake in Grupo Cibest during the first quarter worth $134,000. V Square Quantitative Management LLC lifted its holdings in Grupo Cibest by 24.0% during the first quarter. V Square Quantitative Management LLC now owns 2,492 shares of the bank’s stock worth $181,000 after buying an additional 482 shares during the period. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in Grupo Cibest by 688.9% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,140 shares of the bank’s stock worth $200,000 after buying an additional 2,742 shares during the period.

Grupo Cibest Company Profile

Grupo Cibest SA is a Colombia-based financial services holding company formerly known as Bancolombia SA The company operates through a diversified financial-services platform focused on serving individuals, businesses, corporations and institutional clients.

Its businesses include commercial and consumer banking, savings and checking accounts, lending, credit cards, payments, leasing, investment banking, brokerage, fiduciary services, asset management and insurance. Through its subsidiaries and digital channels, Grupo Cibest provides financial products and services to retail customers, small and midsize businesses, and large corporations.

The company has its principal operations in Colombia and a broader presence in Central America, including Panama, Guatemala and El Salvador.