Grupo Cibest (NYSE:CIB) Stock Passes Above 200-Day Moving Average – Here’s What Happened

Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $55.76 and traded as high as $75.75. Grupo Cibest shares last traded at $75.7070, with a volume of 383,177 shares trading hands.

Wall Street Analyst Weigh In

CIB has been the subject of a number of recent analyst reports. Santander downgraded Grupo Cibest to an “underperform” rating in a report on Wednesday, December 17th. Zacks Research upgraded shares of Grupo Cibest from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 24th. Weiss Ratings reissued a “buy (b-)” rating on shares of Grupo Cibest in a report on Monday, December 29th. Citigroup restated a “buy” rating on shares of Grupo Cibest in a research report on Monday, October 20th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Grupo Cibest from $48.00 to $65.00 and gave the company a “neutral” rating in a research report on Friday, November 21st. One investment 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 given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $54.80.

Grupo Cibest Trading Up 2.5%

The business’s fifty day moving average price is $64.91 and its 200 day moving average price is $55.76. The firm has a market capitalization of $18.20 billion, a PE ratio of 10.40, a P/E/G ratio of 0.94 and a beta of 0.81. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.26.

Hedge Funds Weigh In On Grupo Cibest

A number of large investors have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd raised its stake in shares of Grupo Cibest by 253.2% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 657 shares of the bank’s stock valued at $30,000 after acquiring an additional 471 shares during the period. FNY Investment Advisers LLC purchased a new stake in shares of Grupo Cibest during the fourth quarter valued at approximately $31,000. Tower Research Capital LLC TRC lifted its position in shares of Grupo Cibest by 796.3% during the second quarter. Tower Research Capital LLC TRC now owns 977 shares of the bank’s stock worth $45,000 after purchasing an additional 868 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Grupo Cibest by 39.8% in the fourth quarter. GAMMA Investing LLC now owns 1,321 shares of the bank’s stock valued at $84,000 after purchasing an additional 376 shares during the period. Finally, Grove Bank & Trust purchased a new position in shares of Grupo Cibest in the fourth quarter valued at $97,000.

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.