Baader Bank Aktiengesellschaft Makes New $668,000 Investment in Grupo Cibest S.A. – Sponsored ADR $CIB

Baader Bank Aktiengesellschaft acquired a new position in Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,500 shares of the bank’s stock, valued at approximately $668,000.

Several other large investors have also recently bought and sold shares of the business. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Grupo Cibest in the third quarter valued at $44,920,000. Millennium Management LLC increased its position in shares of Grupo Cibest by 527.0% in the first quarter. Millennium Management LLC now owns 316,877 shares of the bank’s stock valued at $12,738,000 after buying an additional 266,341 shares in the last quarter. Sei Investments Co. increased its position in shares of Grupo Cibest by 29.8% in the second quarter. Sei Investments Co. now owns 863,718 shares of the bank’s stock valued at $39,895,000 after buying an additional 198,228 shares in the last quarter. Qube Research & Technologies Ltd increased its position in shares of Grupo Cibest by 158.7% in the second quarter. Qube Research & Technologies Ltd now owns 254,287 shares of the bank’s stock valued at $11,746,000 after buying an additional 155,985 shares in the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC increased its position in shares of Grupo Cibest by 231.3% in the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 213,717 shares of the bank’s stock valued at $11,100,000 after buying an additional 149,212 shares in the last quarter.

Analysts Set New Price Targets

CIB has been the subject of a number of research analyst reports. Citigroup cut Grupo Cibest from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 21st. The Goldman Sachs Group raised their price target on Grupo Cibest from $69.00 to $76.00 and gave the company a “neutral” rating in a research report on Wednesday, February 25th. Itau BBA Securities cut Grupo Cibest from a “market perform” rating to an “underperform” rating and set a $68.00 price target for the company. in a research report on Thursday, February 26th. Weiss Ratings cut Grupo Cibest from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, April 24th. Finally, Zacks Research cut Grupo Cibest from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 20th. Six investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Grupo Cibest has an average rating of “Reduce” and an average price target of $66.00.

Grupo Cibest Trading Up 1.4%

Grupo Cibest stock opened at $64.47 on Friday. The stock has a market cap of $15.50 billion, a PE ratio of 17.91, a P/E/G ratio of 0.92 and a beta of 0.71. The stock has a 50-day moving average price of $70.02 and a 200 day moving average price of $69.11. Grupo Cibest S.A. – Sponsored ADR has a 52 week low of $40.28 and a 52 week high of $86.31. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.41.

Grupo Cibest (NYSE:CIB) last posted its quarterly earnings data on Monday, May 4th. The bank reported $1.62 EPS for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.22). The company had revenue of $1.69 billion for 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%. Equities research analysts predict that Grupo Cibest S.A. – Sponsored ADR will post 9.07 earnings per share for the current fiscal year.

Grupo Cibest Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 13th. Investors of record on Tuesday, March 31st were given a dividend of $1.2182 per share. This represents a $4.87 dividend on an annualized basis and a yield of 7.6%. The ex-dividend date was Tuesday, March 31st. Grupo Cibest’s dividend payout ratio (DPR) is currently 136.11%.

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.