Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) Given Consensus Recommendation of “Hold” by Brokerages

Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) has been given a consensus rating of “Hold” by the seven ratings firms that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, one has given a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $43.75.

CIB has been the subject of several analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Grupo Cibest in a research note on Tuesday, October 14th. Zacks Research raised shares of Grupo Cibest from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 24th. Bank of America reaffirmed an “underperform” rating on shares of Grupo Cibest in a research note on Thursday, September 11th. Finally, Citigroup reaffirmed a “buy” rating on shares of Grupo Cibest in a research note on Monday, October 20th.

Grupo Cibest Trading Down 0.2%

Shares of CIB stock opened at $57.95 on Tuesday. The firm has a 50-day moving average price of $53.20 and a 200 day moving average price of $47.17. Grupo Cibest has a twelve month low of $30.68 and a twelve month high of $58.99. The company has a market capitalization of $13.93 billion, a price-to-earnings ratio of 8.79, a PEG ratio of 1.13 and a beta of 0.94. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.29.

Grupo Cibest (NYSE:CIB) last announced its earnings results on Thursday, August 7th. The bank reported $1.79 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.13. Grupo Cibest had a net margin of 15.30% and a return on equity of 19.77%. The firm had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.75 billion. Research analysts forecast that Grupo Cibest will post 6 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd increased its stake in shares of Grupo Cibest by 253.2% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 657 shares of the bank’s stock valued at $30,000 after acquiring an additional 471 shares during the last quarter. Tower Research Capital LLC TRC increased its position in Grupo Cibest by 796.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 977 shares of the bank’s stock worth $45,000 after purchasing an additional 868 shares in the last quarter. SVB Wealth LLC acquired a new stake in Grupo Cibest during the 1st quarter worth approximately $45,000. Westfuller Advisors LLC acquired a new stake in Grupo Cibest during the 3rd quarter worth approximately $104,000. Finally, Blue Trust Inc. increased its position in Grupo Cibest by 298.1% during the 3rd quarter. Blue Trust Inc. now owns 3,121 shares of the bank’s stock worth $162,000 after purchasing an additional 2,337 shares in the last quarter.

Grupo Cibest Company Profile

Bancolombia SA, together with its subsidiaries, provides banking products and services in Colombia and internationally. The company operates through nine segments: Banking Colombia, Banking Panama, Banking El Salvador, Banking Guatemala, Trust, Investment Banking, Brokerage, International Banking, and All Other.