Grupo Cibest S.A. – Sponsored ADR $CIB Shares Acquired by Blue Grotto Capital LLC

Blue Grotto Capital LLC raised its stake in Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) by 73.1% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 350,111 shares of the bank’s stock after buying an additional 147,801 shares during the quarter. Grupo Cibest makes up about 2.0% of Blue Grotto Capital LLC’s investment portfolio, making the stock its 20th largest holding. Blue Grotto Capital LLC’s holdings in Grupo Cibest were worth $16,172,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in CIB. Caitong International Asset Management Co. Ltd raised its stake in shares of Grupo Cibest by 253.2% during 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 in the last quarter. SVB Wealth LLC bought a new stake in Grupo Cibest during the first quarter worth approximately $45,000. Aberdeen Group plc acquired a new position in shares of Grupo Cibest in the 1st quarter worth $201,000. West Family Investments Inc. purchased a new position in Grupo Cibest in the 2nd quarter worth about $222,000. Finally, Aigen Investment Management LP purchased a new position in shares of Grupo Cibest in the first quarter worth approximately $241,000.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CIB. Weiss Ratings reissued a “buy (b-)” rating on shares of Grupo Cibest in a research report on Monday. Zacks Research raised shares of Grupo Cibest from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 24th. Bank of America reaffirmed an “underperform” rating on shares of Grupo Cibest in a research report on Thursday, September 11th. Citigroup restated a “buy” rating on shares of Grupo Cibest in a report on Monday, October 20th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Grupo Cibest from $48.00 to $65.00 and gave the stock a “neutral” rating in a research note on Friday, November 21st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $48.00.

Grupo Cibest Trading Down 0.5%

CIB stock opened at $63.88 on Friday. 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 business’s 50 day moving average is $59.54 and its 200-day moving average is $51.39. Grupo Cibest S.A. – Sponsored ADR has a 1-year low of $31.19 and a 1-year high of $65.73. The firm has a market cap of $15.36 billion, a P/E ratio of 8.77, a P/E/G ratio of 0.90 and a beta of 0.88.

About Grupo Cibest

Bancolombia SA, together with its subsidiaries, provides banking products and services in Colombia and internationally. The company operates through nine segments: Banking Colombia, Banking Panama, Banking El Salvador, Banking Guatemala, Trust, Investment Banking, Brokerage, International Banking, and All Other.