Grupo Cibest (NYSE:CIB) Reaches New 1-Year High – What’s Next?

Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $83.00 and last traded at $83.11, with a volume of 30399 shares changing hands. The stock had previously closed at $82.08.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Citigroup lowered Grupo Cibest from a “buy” rating to a “neutral” rating in a research report on Wednesday. JPMorgan Chase & Co. boosted their target price on shares of Grupo Cibest from $48.00 to $65.00 and gave the stock a “neutral” rating in a report on Friday, November 21st. The Goldman Sachs Group raised shares of Grupo Cibest from a “sell” rating to a “neutral” rating and increased their price target for the company from $49.00 to $69.00 in a research report on Tuesday, January 13th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Grupo Cibest in a research report on Monday, December 29th. Finally, Santander lowered shares of Grupo Cibest to an “underperform” rating in a research note on Wednesday, December 17th. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $54.80.

Grupo Cibest Price Performance

The company’s 50 day moving average price is $66.20 and its 200 day moving average price is $56.72. The firm has a market capitalization of $20.00 billion, a P/E ratio of 11.43, a PEG ratio of 1.00 and a beta of 0.81. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.00 and a quick ratio of 1.00.

Institutional Investors Weigh In On Grupo Cibest

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sage Investment Counsel LLC acquired a new stake in Grupo Cibest in the fourth quarter worth $223,000. V Square Quantitative Management LLC acquired a new stake in shares of Grupo Cibest during the fourth quarter worth about $128,000. Sowell Financial Services LLC bought a new position in shares of Grupo Cibest during the 4th quarter valued at about $508,000. Signaturefd LLC grew its position in shares of Grupo Cibest by 5.3% in the 4th quarter. Signaturefd LLC now owns 4,905 shares of the bank’s stock valued at $312,000 after purchasing an additional 248 shares during the period. Finally, FNY Investment Advisers LLC bought a new stake in Grupo Cibest during the 4th quarter worth approximately $31,000.

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.