Grupo Cibest (NYSE:CIB) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB)’s stock price passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $82.58 and traded as high as $95.56. Grupo Cibest shares last traded at $94.0140, with a volume of 228,943 shares traded.

Analyst Ratings Changes

Several research firms have recently weighed in on CIB. The Goldman Sachs Group increased their price target on Grupo Cibest from $98.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, August 13th. Zacks Research upgraded Grupo Cibest from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 17th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $110.00 target price on shares of Grupo Cibest in a report on Wednesday, September 16th. Royal Bank Of Canada set a $110.00 target price on Grupo Cibest in a research report on Tuesday, August 11th. Finally, Citigroup upgraded Grupo Cibest from a “hold” rating to a “buy” rating in a research note on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Grupo Cibest currently has an average rating of “Hold” and an average target price of $90.83.

Grupo Cibest Stock Performance

The business’s 50-day moving average price is $96.70 and its 200-day moving average price is $82.67. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a market cap of $22.49 billion, a P/E ratio of 18.47, a P/E/G ratio of 0.72 and a beta of 0.67.

Grupo Cibest (NYSE:CIB) last announced its earnings results on Monday, August 10th. The bank reported $3.32 EPS for the quarter, topping analysts’ consensus estimates of $2.14 by $1.18. The company had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.40 billion. Grupo Cibest had a return on equity of 20.87% and a net margin of 10.80%. As a group, sell-side analysts expect that Grupo Cibest S.A. – Sponsored ADR will post 10.87 earnings per share for the current fiscal year.

Grupo Cibest Dividend Announcement

The business also recently disclosed a special dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 8th were paid a $1.6324 dividend. The ex-dividend date of this dividend was Tuesday, September 8th. Grupo Cibest’s dividend payout ratio (DPR) is 106.24%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Bank of America Corp DE increased its holdings in Grupo Cibest by 9.1% in the 1st quarter. Bank of America Corp DE now owns 516,834 shares of the bank’s stock worth $37,631,000 after acquiring an additional 43,126 shares in the last quarter. Amundi boosted its position in shares of Grupo Cibest by 26.7% in the first quarter. Amundi now owns 495,535 shares of the bank’s stock worth $36,080,000 after purchasing an additional 104,280 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Grupo Cibest by 0.5% in the first quarter. Dimensional Fund Advisors LP now owns 434,635 shares of the bank’s stock worth $31,599,000 after purchasing an additional 2,132 shares during the period. Blue Grotto Capital LLC increased its stake in shares of Grupo Cibest by 7.1% in the fourth quarter. Blue Grotto Capital LLC now owns 382,023 shares of the bank’s stock worth $24,300,000 after purchasing an additional 25,466 shares in the last quarter. Finally, ABN Amro Investment Solutions increased its stake in shares of Grupo Cibest by 36.3% in the first quarter. ABN Amro Investment Solutions now owns 249,345 shares of the bank’s stock worth $18,155,000 after purchasing an additional 66,400 shares in the last quarter.

About Grupo Cibest

Grupo Cibest SA is a Colombia-based financial services holding company formerly known as Bancolombia SA The company operates through a diversified financial-services platform focused on serving individuals, businesses, corporations and institutional clients.

Its businesses include commercial and consumer banking, savings and checking accounts, lending, credit cards, payments, leasing, investment banking, brokerage, fiduciary services, asset management and insurance. Through its subsidiaries and digital channels, Grupo Cibest provides financial products and services to retail customers, small and midsize businesses, and large corporations.

The company has its principal operations in Colombia and a broader presence in Central America, including Panama, Guatemala and El Salvador.