Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) Receives $90.83 Consensus PT from Analysts

Shares of Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) have received an average recommendation of “Hold” from the nine research firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $90.8333.

Several research firms have issued reports on CIB. The Goldman Sachs Group increased their price objective on shares of Grupo Cibest from $98.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, August 13th. Itau BBA Securities raised shares of Grupo Cibest from a “strong sell” rating to a “market perform” rating in a report on Tuesday, May 26th. Zacks Research upgraded shares of Grupo Cibest from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 17th. Bank of America raised shares of Grupo Cibest from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $68.00 to $75.00 in a research note on Monday, June 1st. Finally, Citigroup upgraded shares of Grupo Cibest from a “hold” rating to a “buy” rating in a research report on Thursday, August 13th.

Institutional Investors Weigh In On Grupo Cibest

A number of large investors have recently made changes to their positions in the stock. Ieq Capital LLC raised its holdings in Grupo Cibest by 2.6% in the 4th quarter. Ieq Capital LLC now owns 7,961 shares of the bank’s stock valued at $506,000 after buying an additional 205 shares during the period. Smartleaf Asset Management LLC raised its position in Grupo Cibest by 105.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 546 shares of the bank’s stock valued at $35,000 after purchasing an additional 280 shares during the period. Ballentine Partners LLC lifted its stake in Grupo Cibest by 2.1% during the fourth quarter. Ballentine Partners LLC now owns 16,229 shares of the bank’s stock worth $1,032,000 after purchasing an additional 332 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in Grupo Cibest by 89.2% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 753 shares of the bank’s stock worth $48,000 after acquiring an additional 355 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of Grupo Cibest by 9.0% during the third quarter. Ameriprise Financial Inc. now owns 4,855 shares of the bank’s stock worth $252,000 after purchasing an additional 399 shares in the last quarter.

Grupo Cibest Stock Down 0.2%

Shares of CIB stock opened at $97.00 on Monday. Grupo Cibest has a 1-year low of $49.39 and a 1-year high of $103.50. The company has a market cap of $23.02 billion, a price-to-earnings ratio of 18.91, a price-to-earnings-growth ratio of 0.74 and a beta of 0.67. 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 stock’s fifty day moving average price is $88.07 and its 200 day moving average price is $77.42.

Grupo Cibest (NYSE:CIB) last released its 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 firm had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.40 billion. On average, research analysts expect that Grupo Cibest will post 10.87 earnings per share for the current fiscal year.

Grupo Cibest Announces Dividend

The firm also recently announced a special dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 8th will be paid a $1.6324 dividend. The ex-dividend date of this dividend is Tuesday, September 8th. Grupo Cibest’s dividend payout ratio (DPR) is 103.51%.

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.