Grupo Cibest (NYSE:CIB) Reaches New 12-Month High – Should You Buy?

Shares of Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) hit a new 52-week high on Tuesday . The company traded as high as $78.34 and last traded at $77.0710, with a volume of 67366 shares trading hands. The stock had previously closed at $75.75.

Analyst Ratings Changes

Several research firms have commented on CIB. Citigroup restated a “buy” rating on shares of Grupo Cibest in a research note on Monday, October 20th. The Goldman Sachs Group raised 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. Zacks Research raised Grupo Cibest from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 24th. Santander cut shares of Grupo Cibest to an “underperform” rating in a report on Wednesday, December 17th. Finally, JPMorgan Chase & Co. boosted their price target 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. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Grupo Cibest has a consensus rating of “Hold” and an average price target of $54.80.

Grupo Cibest Stock Performance

The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.26. The firm’s fifty day moving average price is $64.91 and its 200-day moving average price is $55.76. The firm has a market cap of $18.60 billion, a price-to-earnings ratio of 10.63, a PEG ratio of 0.94 and a beta of 0.81.

Institutional Trading of Grupo Cibest

A number of large investors have recently made changes to their positions in the company. GAMMA Investing LLC increased its position in Grupo Cibest by 39.8% during the fourth quarter. GAMMA Investing LLC now owns 1,321 shares of the bank’s stock worth $84,000 after buying an additional 376 shares during the period. Ameriprise Financial Inc. boosted its stake in Grupo Cibest by 9.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,855 shares of the bank’s stock worth $252,000 after purchasing an additional 399 shares during the period. R Squared Ltd grew its position in Grupo Cibest by 7.1% during the 3rd quarter. R Squared Ltd now owns 6,373 shares of the bank’s stock worth $331,000 after purchasing an additional 420 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its stake in Grupo Cibest by 253.2% in the second quarter. Caitong International Asset Management Co. Ltd now owns 657 shares of the bank’s stock valued at $30,000 after purchasing an additional 471 shares during the period. Finally, FNY Investment Advisers LLC purchased a new stake in shares of Grupo Cibest in the fourth quarter valued at about $31,000.

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.