Grupo Cibest (NYSE:CIB) Price Target Raised to $76.00

Grupo Cibest (NYSE:CIB) had its price target hoisted by The Goldman Sachs Group from $69.00 to $76.00 in a report published on Wednesday,Benzinga reports. They currently have a neutral rating on the bank’s stock.

Several other equities research analysts have also weighed in on CIB. Weiss Ratings reissued a “buy (b-)” rating on shares of Grupo Cibest in a research report on Monday, December 29th. JPMorgan Chase & Co. increased their price target on shares of Grupo Cibest from $48.00 to $65.00 and gave the company a “neutral” rating in a research note on Friday, November 21st. Citigroup downgraded shares of Grupo Cibest from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 21st. Zacks Research cut shares of Grupo Cibest from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 20th. Finally, Santander lowered shares of Grupo Cibest to an “underperform” rating in a research note on Wednesday, December 17th. One analyst has rated the stock with a Buy rating, five have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Grupo Cibest has an average rating of “Reduce” and a consensus price target of $59.20.

Grupo Cibest Price Performance

Shares of CIB opened at $67.89 on Wednesday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.26. The firm’s fifty day simple moving average is $74.17 and its 200-day simple moving average is $62.40. The firm has a market capitalization of $16.32 billion, a price-to-earnings ratio of 18.55, a PEG ratio of 1.20 and a beta of 0.79. Grupo Cibest has a twelve month low of $35.44 and a twelve month high of $86.31.

Institutional Investors Weigh In On Grupo Cibest

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Grupo Cibest by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 3,089,670 shares of the bank’s stock worth $196,534,000 after acquiring an additional 67,986 shares during the period. Earnest Partners LLC boosted its holdings in Grupo Cibest by 8.8% in the 4th quarter. Earnest Partners LLC now owns 2,697,747 shares of the bank’s stock valued at $171,604,000 after purchasing an additional 218,359 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in Grupo Cibest by 6.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,133,425 shares of the bank’s stock worth $52,353,000 after purchasing an additional 72,119 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Grupo Cibest by 4.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 980,426 shares of the bank’s stock worth $50,923,000 after buying an additional 40,447 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Grupo Cibest in the 3rd quarter valued at approximately $44,920,000.

About Grupo Cibest

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.