Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) Announces Quarterly Dividend of $1.22

Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) declared a quarterly dividend on Friday, March 20th. Shareholders of record on Tuesday, March 31st will be given a dividend of 1.2182 per share by the bank on Monday, April 13th. This represents a c) annualized dividend and a yield of 7.0%. The ex-dividend date is Tuesday, March 31st.

Grupo Cibest has raised its dividend by an average of 0.2%per year over the last three years. Grupo Cibest has a dividend payout ratio of 71.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Grupo Cibest to earn $6.28 per share next year, which means the company should continue to be able to cover its $4.67 annual dividend with an expected future payout ratio of 74.4%.

Grupo Cibest Stock Performance

NYSE:CIB traded down $0.81 during trading on Friday, reaching $69.95. The company’s stock had a trading volume of 325,632 shares, compared to its average volume of 578,768. Grupo Cibest has a 12 month low of $35.44 and a 12 month high of $86.31. The firm has a market cap of $16.82 billion, a price-to-earnings ratio of 19.11, a price-to-earnings-growth ratio of 1.20 and a beta of 0.83. The firm has a 50 day moving average of $74.53 and a 200-day moving average of $65.05. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.00 and a current ratio of 1.00.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Itau BBA Securities lowered shares of Grupo Cibest from a “market perform” rating to an “underperform” rating and set a $68.00 price target for the company. in a research report on Thursday, February 26th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Grupo Cibest in a research note on Monday, December 29th. The Goldman Sachs Group increased their target price on shares of Grupo Cibest from $69.00 to $76.00 and gave the company a “neutral” rating in a research report on Wednesday, February 25th. Santander lowered shares of Grupo Cibest to an “underperform” rating in a research note on Wednesday, December 17th. Finally, Zacks Research cut shares of Grupo Cibest from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 20th. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $59.20.

Grupo Cibest Company Profile

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.