Grupo Cibest (NYSE:CIB) Issues Earnings Results, Misses Expectations By $0.21 EPS

Grupo Cibest (NYSE:CIB) posted its quarterly earnings results on Monday. The bank reported $2.66 earnings per share for the quarter, missing analysts’ consensus estimates of $2.87 by ($0.21), FiscalAI reports. The firm had revenue of $1.69 billion for the quarter, compared to analyst estimates of $2.55 billion. Grupo Cibest had a return on equity of 21.11% and a net margin of 11.02%.

Grupo Cibest Stock Performance

CIB traded up $0.05 during trading on Wednesday, hitting $91.20. 13,488 shares of the company traded hands, compared to its average volume of 377,720. The stock’s fifty day moving average is $96.08 and its 200 day moving average is $82.47. The firm has a market cap of $21.64 billion, a P/E ratio of 16.27, a price-to-earnings-growth ratio of 0.72 and a beta of 0.69. Grupo Cibest has a one year low of $59.64 and a one year high of $105.60. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.18.

Grupo Cibest Dividend Announcement

The business also recently declared a special dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 8th were given a dividend of $1.6324 per share. The ex-dividend date was Tuesday, September 8th. Grupo Cibest’s dividend payout ratio is presently 106.24%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Wall Street Zen raised shares of Grupo Cibest to a “buy” rating in a research note on Saturday, October 17th. The Goldman Sachs Group boosted their target price on shares of Grupo Cibest from $98.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. Royal Bank Of Canada set a $110.00 target price on shares of Grupo Cibest in a report on Tuesday, August 11th. Zacks Research downgraded Grupo Cibest from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 12th. Finally, Weiss Ratings lowered Grupo Cibest from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Grupo Cibest currently has an average rating of “Hold” and an average price target of $90.83.

Grupo Cibest Company Profile

Grupo Cibest S.A. is a financial holding company whose businesses provide banking and related financial services to individuals, businesses and institutions. Its offerings include consumer and commercial banking, payments, leasing, trust and investment services, and digital financial products. The group operates primarily in Colombia and also has a presence in Central America through businesses including Banco Agrícola in El Salvador and Banistmo in Panama. Its digital services include Nequi, a financial platform serving customers in Colombia.