Grupo Cibest S.A. – Sponsored ADR $CIB Stock: Trek Financial LLC Cuts Holdings

Trek Financial LLC cut its holdings in shares of Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) by 45.9% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 83,274 shares of the bank’s stock after selling 70,760 shares during the quarter. Trek Financial LLC’s holdings in Grupo Cibest were worth $7,732,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of CIB. Bank of America Corp DE boosted its holdings in shares of Grupo Cibest by 9.1% in the 1st quarter. Bank of America Corp DE now owns 516,834 shares of the bank’s stock valued at $37,631,000 after acquiring an additional 43,126 shares during the last quarter. Amundi lifted its position in 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 purchasing an additional 104,280 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Grupo Cibest by 0.5% in the first quarter. Dimensional Fund Advisors LP now owns 434,635 shares of the bank’s stock valued at $31,599,000 after purchasing an additional 2,132 shares during the last quarter. ABN Amro Investment Solutions boosted its holdings in Grupo Cibest by 36.3% in the first quarter. ABN Amro Investment Solutions now owns 249,345 shares of the bank’s stock valued at $18,155,000 after purchasing an additional 66,400 shares during the last quarter. Finally, Triasima Portfolio Management inc. boosted its holdings in Grupo Cibest by 14.7% in the third quarter. Triasima Portfolio Management inc. now owns 141,201 shares of the bank’s stock valued at $13,111,000 after purchasing an additional 18,050 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CIB. Zacks Research downgraded Grupo Cibest from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 12th. Weiss Ratings raised Grupo Cibest from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Royal Bank Of Canada set a $110.00 target price on Grupo Cibest in a research note on Tuesday, August 11th. The Goldman Sachs Group lifted their price target on Grupo Cibest from $98.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. Finally, Citigroup upgraded Grupo Cibest from a “hold” rating to a “buy” rating in a research report on Thursday, August 13th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $90.83.

Grupo Cibest Price Performance

NYSE:CIB opened at $91.90 on Monday. Grupo Cibest S.A. – Sponsored ADR has a 52 week low of $56.60 and a 52 week 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. The stock has a market capitalization of $21.81 billion, a PE ratio of 17.91, a price-to-earnings-growth ratio of 0.70 and a beta of 0.69. The stock’s 50-day moving average price is $97.06 and its 200-day moving average price is $81.88.

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 analysts’ consensus estimates of $2.14 by $1.18. Grupo Cibest had a return on equity of 20.87% and a net margin of 10.80%. The company had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.40 billion. As a group, equities analysts expect that Grupo Cibest S.A. – Sponsored ADR will post 10.87 EPS for the current fiscal year.

Grupo Cibest Announces Dividend

The firm also recently announced a special dividend, which was paid on Tuesday, September 15th. Stockholders 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 (DPR) is 106.24%.

Grupo Cibest Company Profile

Grupo Cibest SA is a Colombia-based financial services holding company whose principal business is conducted through Bancolombia and related subsidiaries. The group provides banking and financial solutions to individuals, businesses, institutions and governments, with activities spanning commercial banking, consumer finance, corporate banking, investment banking, wealth management, insurance and payments.

Its offerings include deposit accounts, loans, credit cards, cash-management services, investment products, trust and fiduciary services, foreign-exchange solutions and digital financial tools.