Grupo Cibest (NYSE:CIB) Hits New 52-Week High – Still a Buy?

Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB)’s share price reached a new 52-week high on Friday . The company traded as high as $87.69 and last traded at $87.5730, with a volume of 57325 shares traded. The stock had previously closed at $86.79.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. JPMorgan Chase & Co. boosted their target price on Grupo Cibest from $65.00 to $70.00 and gave the company a “neutral” rating in a research report on Monday, May 18th. Zacks Research upgraded Grupo Cibest from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. UBS Group raised 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. Itau BBA Securities upgraded Grupo Cibest from a “strong sell” rating to a “market perform” rating in a report on Tuesday, May 26th. Finally, The Goldman Sachs Group upped their price objective on Grupo Cibest from $71.00 to $81.00 and gave the company a “neutral” rating in a research report on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Grupo Cibest has an average rating of “Hold” and a consensus price target of $73.20.

Grupo Cibest Stock Up 0.3%

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 market cap of $20.67 billion, a P/E ratio of 24.21, a price-to-earnings-growth ratio of 0.97 and a beta of 0.67. The business’s fifty day moving average is $76.51 and its two-hundred day moving average is $74.15.

Grupo Cibest (NYSE:CIB) last announced its quarterly earnings data 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 the consensus estimate of $2.04 billion. Grupo Cibest had a return on equity of 21.07% and a net margin of 8.41%. Equities analysts predict that Grupo Cibest S.A. – Sponsored ADR will post 8.87 EPS for the current year.

Grupo Cibest Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 13th. Shareholders of record on Tuesday, June 30th were issued a dividend of $1.304 per share. This represents a $5.22 annualized dividend and a yield of 6.0%. The ex-dividend date was Tuesday, June 30th. This is a positive change from Grupo Cibest’s previous quarterly dividend of $1.22. Grupo Cibest’s dividend payout ratio (DPR) is currently 147.78%.

Institutional Investors Weigh In On Grupo Cibest

Several large investors have recently modified their holdings of CIB. FNY Investment Advisers LLC bought a new position in shares of Grupo Cibest during the fourth quarter valued at approximately $31,000. Arax Advisory Partners raised its stake in Grupo Cibest by 2,525.0% in the fourth quarter. Arax Advisory Partners now owns 525 shares of the bank’s stock worth $33,000 after buying an additional 505 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in Grupo Cibest by 105.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 546 shares of the bank’s stock worth $35,000 after buying an additional 280 shares in the last quarter. TD Waterhouse Canada Inc. purchased a new stake in Grupo Cibest during the fourth quarter worth $43,000. Finally, Tower Research Capital LLC TRC lifted its holdings in Grupo Cibest by 796.3% during the second quarter. Tower Research Capital LLC TRC now owns 977 shares of the bank’s stock worth $45,000 after buying an additional 868 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.