Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) Receives $66.00 Consensus PT from Brokerages

Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) has been given an average rating of “Reduce” by the nine analysts that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $67.00.

CIB has been the subject of several recent analyst reports. Itau BBA Securities downgraded Grupo Cibest from a “market perform” rating to an “underperform” rating and set a $68.00 price target for the company. in a research note on Thursday, February 26th. UBS Group upped their price target on Grupo Cibest from $52.00 to $72.00 and gave the stock a “neutral” rating in a research note on Thursday, April 23rd. Weiss Ratings downgraded Grupo Cibest from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, April 24th. JPMorgan Chase & Co. upped their price objective on Grupo Cibest from $65.00 to $70.00 and gave the stock a “neutral” rating in a report on Monday, May 18th. Finally, The Goldman Sachs Group upped their price objective on Grupo Cibest from $69.00 to $76.00 and gave the stock a “neutral” rating in a report on Wednesday, February 25th.

Institutional Trading of Grupo Cibest

Hedge funds have recently modified their holdings of the company. Millennium Management LLC raised 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 during the period. Goldman Sachs Group Inc. raised 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 during the period. Marshall Wace LLP raised 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 during the period. Cerity Partners LLC purchased a new stake in Grupo Cibest during the 2nd quarter valued at $349,000. Finally, Qube Research & Technologies Ltd raised 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 during the period.

Grupo Cibest Trading Down 0.7%

Shares of NYSE:CIB opened at $65.86 on Friday. The stock has a 50 day moving average of $69.70 and a 200 day moving average of $69.34. The company has a market cap of $15.84 billion, a PE ratio of 18.29, a price-to-earnings-growth ratio of 0.96 and a beta of 0.71. The company has a current ratio of 0.98, a quick ratio of 1.03 and a debt-to-equity ratio of 0.20. Grupo Cibest has a 12-month low of $40.28 and a 12-month high of $86.31.

Grupo Cibest (NYSE:CIB) last announced its quarterly earnings data on Monday, May 4th. The bank reported $1.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.22). Grupo Cibest had a net margin of 8.41% and a return on equity of 21.07%. The company had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $2.04 billion. As a group, equities research analysts expect that Grupo Cibest will post 9.07 EPS for the current year.

Grupo Cibest Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 13th. Stockholders of record on Tuesday, March 31st were issued a dividend of $1.2182 per share. This represents a $4.87 annualized dividend and a dividend yield of 7.4%. The ex-dividend date of this dividend was Tuesday, March 31st. Grupo Cibest’s dividend payout ratio 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.