Grupo Cibest S.A. – Sponsored ADR (CIB) To Go Ex-Dividend on June 30th

Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) declared a quarterly dividend on Tuesday, June 16th. Shareholders of record on Tuesday, June 30th will be paid a dividend of 1.304 per share by the bank on Monday, July 13th. This represents a c) dividend on an annualized basis and a yield of 6.5%. The ex-dividend date of this dividend is Tuesday, June 30th. This is a 7.0% increase from Grupo Cibest’s previous quarterly dividend of $1.22.

Grupo Cibest has raised its dividend payment by an average of 0.2%per year over the last three years. Grupo Cibest has a payout ratio of 75.2% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Analysts expect Grupo Cibest to earn $9.14 per share next year, which means the company should continue to be able to cover its $4.89 annual dividend with an expected future payout ratio of 53.5%.

Grupo Cibest Stock Performance

Shares of Grupo Cibest stock opened at $79.96 on Thursday. The company has a market capitalization of $18.97 billion, a PE ratio of 22.21, a P/E/G ratio of 1.20 and a beta of 0.70. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.98 and a current ratio of 0.98. The company has a 50-day simple moving average of $71.12 and a two-hundred day simple moving average of $70.94. Grupo Cibest has a one year low of $42.08 and a one year high of $86.31.

Grupo Cibest (NYSE:CIB) last announced its earnings results on Monday, May 4th. The bank reported $1.62 EPS for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.22). The firm had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $2.04 billion. Grupo Cibest had a return on equity of 21.07% and a net margin of 8.41%. Research analysts expect that Grupo Cibest will post 8.65 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on CIB. Itau BBA Securities upgraded shares of Grupo Cibest from a “strong sell” rating to a “market perform” rating in a report on Tuesday, May 26th. JPMorgan Chase & Co. boosted their price target on Grupo Cibest from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Monday, May 18th. Weiss Ratings lowered Grupo Cibest from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, April 24th. UBS Group boosted their price target on Grupo Cibest from $52.00 to $72.00 and gave the stock a “neutral” rating in a research note on Thursday, April 23rd. Finally, Bank of America upgraded Grupo Cibest from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $68.00 to $75.00 in a research note on Monday, June 1st. Eight analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $72.20.

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.