Grupo Cibest (NYSE:CIB) Issues Quarterly Earnings Results

Grupo Cibest (NYSE:CIB) posted its earnings results on Wednesday. The bank reported $999.00 EPS for the quarter, topping the consensus estimate of $2.00 by $997.00, Zacks reports. Grupo Cibest had a net margin of 17.26% and a return on equity of 22.58%.

Grupo Cibest Stock Performance

Grupo Cibest stock traded down $0.33 during mid-day trading on Wednesday, reaching $75.40. The company had a trading volume of 222,872 shares, compared to its average volume of 434,812. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.26. The firm has a market cap of $18.13 billion, a price-to-earnings ratio of 10.34, a PEG ratio of 0.98 and a beta of 0.79. The company has a 50 day moving average of $73.67 and a 200-day moving average of $62.13. Grupo Cibest has a 52 week low of $35.44 and a 52 week high of $86.31.

Analyst Ratings Changes

CIB has been the topic of several analyst reports. Citigroup downgraded shares of Grupo Cibest from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 21st. JPMorgan Chase & Co. upped their target price on Grupo Cibest from $48.00 to $65.00 and gave the stock a “neutral” rating in a research report on Friday, November 21st. Santander lowered shares of Grupo Cibest to an “underperform” rating in a research report on Wednesday, December 17th. Weiss Ratings restated a “buy (b-)” rating on shares of Grupo Cibest in a research note on Monday, December 29th. Finally, Zacks Research lowered shares of Grupo Cibest from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 20th. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $57.00.

Institutional Investors Weigh In On Grupo Cibest

Several hedge funds have recently made changes to their positions in CIB. Arax Advisory Partners increased its stake in Grupo Cibest by 2,525.0% during the fourth quarter. Arax Advisory Partners now owns 525 shares of the bank’s stock valued at $33,000 after acquiring an additional 505 shares during the period. Smartleaf Asset Management LLC grew its holdings in shares of Grupo Cibest by 105.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 546 shares of the bank’s stock worth $35,000 after purchasing an additional 280 shares in the last quarter. Tower Research Capital LLC TRC increased 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 valued at $45,000 after purchasing an additional 868 shares during the period. Caitong International Asset Management Co. Ltd increased its position in shares of Grupo Cibest by 89.2% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 753 shares of the bank’s stock valued at $48,000 after purchasing an additional 355 shares during the period. Finally, State of Wyoming raised its stake in shares of Grupo Cibest by 17.6% in the fourth quarter. State of Wyoming now owns 3,140 shares of the bank’s stock valued at $200,000 after purchasing an additional 470 shares in the last quarter.

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.