Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) Receives Average Recommendation of “Hold” from Brokerages

Shares of Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) have been assigned an average recommendation of “Hold” from the nine brokerages that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $90.8333.

CIB has been the subject of a number of analyst reports. The Goldman Sachs Group raised their target price on shares of Grupo Cibest from $98.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Itau BBA Securities upgraded Grupo Cibest from a “strong sell” rating to a “market perform” rating in a research note on Tuesday, May 26th. Zacks Research raised Grupo Cibest from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 17th. Weiss Ratings upgraded Grupo Cibest from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 18th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $110.00 target price on shares of Grupo Cibest in a report on Wednesday.

Grupo Cibest Stock Performance

Shares of Grupo Cibest stock opened at $98.32 on Friday. Grupo Cibest has a 12 month low of $50.72 and a 12 month high of $105.60. The firm has a market capitalization of $23.33 billion, a P/E ratio of 19.17, a P/E/G ratio of 0.75 and a beta of 0.65. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.18. The business has a fifty day simple moving average of $93.66 and a two-hundred day simple moving average of $79.71.

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

Grupo Cibest Announces Dividend

The company also recently declared a special dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 8th were paid a $1.6324 dividend. The ex-dividend date was Tuesday, September 8th. Grupo Cibest’s payout ratio is presently 103.70%.

Institutional Trading of Grupo Cibest

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Bank of America Corp DE raised its holdings in Grupo Cibest by 9.1% in the first quarter. Bank of America Corp DE now owns 516,834 shares of the bank’s stock worth $37,631,000 after buying an additional 43,126 shares during the last quarter. Amundi grew its holdings in shares of Grupo Cibest by 26.7% during the first quarter. Amundi now owns 495,535 shares of the bank’s stock valued at $36,080,000 after buying an additional 104,280 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Grupo Cibest by 0.5% during the first quarter. Dimensional Fund Advisors LP now owns 434,635 shares of the bank’s stock valued at $31,599,000 after buying an additional 2,132 shares during the last quarter. Blue Grotto Capital LLC increased its position in shares of Grupo Cibest by 7.1% during the fourth quarter. Blue Grotto Capital LLC now owns 382,023 shares of the bank’s stock valued at $24,300,000 after acquiring an additional 25,466 shares in the last quarter. Finally, Capital Wealth Planning LLC raised its holdings in Grupo Cibest by 7.5% in the 4th quarter. Capital Wealth Planning LLC now owns 306,071 shares of the bank’s stock worth $19,344,000 after acquiring an additional 21,428 shares during the last quarter.

Grupo Cibest Company Profile

Grupo Cibest SA is a Colombian financial holding company formerly known as Bancolombia SA Through its subsidiaries, the group provides banking, payments, investment, insurance and other financial services to individuals, businesses and institutional customers.

Its principal banking operations are conducted through Bancolombia, which offers checking and savings accounts, consumer and commercial lending, mortgages, credit and debit cards, cash management, investment products and digital banking services.