Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) Given Consensus Rating of “Reduce” by Analysts

Shares of Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) have been assigned a consensus rating of “Reduce” from the nine brokerages that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell rating and six have issued a hold rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $66.00.

Several research analysts have issued reports on the stock. Itau BBA Securities cut shares of Grupo Cibest from a “market perform” rating to an “underperform” rating and set a $68.00 target price for the company. in a report on Thursday, February 26th. The Goldman Sachs Group lifted their price target on shares of Grupo Cibest from $69.00 to $76.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 25th. Weiss Ratings lowered shares of Grupo Cibest from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, April 24th. Citigroup lowered shares of Grupo Cibest from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 21st. 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.

Grupo Cibest Stock Down 1.9%

Shares of Grupo Cibest stock opened at $63.11 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market capitalization of $15.18 billion, a PE ratio of 17.53, a price-to-earnings-growth ratio of 0.93 and a beta of 0.71. Grupo Cibest has a 52-week low of $40.28 and a 52-week high of $86.31. The company has a 50-day simple moving average of $69.94 and a two-hundred day simple moving average of $69.06.

Grupo Cibest (NYSE:CIB) last issued its earnings results on Monday, May 4th. The bank reported $1.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.84 by ($0.22). The firm had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $2.04 billion. Grupo Cibest had a return on equity of 23.86% and a net margin of 8.41%. On average, analysts anticipate that Grupo Cibest will post 9.07 EPS for the current fiscal year.

Grupo Cibest Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 13th. Stockholders of record on Tuesday, March 31st were paid a $1.2182 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $4.87 dividend on an annualized basis and a dividend yield of 7.7%. Grupo Cibest’s payout ratio is currently 135.83%.

Institutional Trading of Grupo Cibest

Large investors have recently made changes to their positions in the stock. Allianz Asset Management GmbH grew its stake in shares of Grupo Cibest by 25.1% in the third quarter. Allianz Asset Management GmbH now owns 222,803 shares of the bank’s stock worth $11,572,000 after acquiring an additional 44,666 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Grupo Cibest by 4.3% in the third quarter. JPMorgan Chase & Co. now owns 980,426 shares of the bank’s stock worth $50,923,000 after acquiring an additional 40,447 shares during the period. Thrivent Financial for Lutherans bought a new stake in shares of Grupo Cibest in the third quarter worth approximately $4,113,000. Mitsubishi UFJ Trust & Banking Corp grew its position in Grupo Cibest by 20.1% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 78,130 shares of the bank’s stock valued at $4,058,000 after buying an additional 13,078 shares during the period. Finally, Capital Wealth Planning LLC grew its position in Grupo Cibest by 31.6% during the third quarter. Capital Wealth Planning LLC now owns 284,643 shares of the bank’s stock valued at $14,784,000 after buying an additional 68,425 shares during the period.

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.