Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) Stock Rated “Hold” by Wall Street Analysts

Shares of Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) have earned an average rating of “Hold” from the nine research firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, five have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $90.83.

Several equities analysts have recently issued reports on CIB shares. Zacks Research raised shares of Grupo Cibest from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $110.00 price target on shares of Grupo Cibest in a research note on Wednesday, September 16th. Bank of America raised Grupo Cibest from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $68.00 to $75.00 in a report on Monday, June 1st. The Goldman Sachs Group boosted their price objective on Grupo Cibest from $98.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. Finally, Royal Bank Of Canada set a $110.00 price objective on Grupo Cibest in a report on Tuesday, August 11th.

Grupo Cibest Trading Down 1.7%

Shares of NYSE CIB opened at $94.07 on Friday. The company has a market cap of $22.32 billion, a price-to-earnings ratio of 18.34, a price-to-earnings-growth ratio of 0.75 and a beta of 0.65. Grupo Cibest has a 12-month low of $50.72 and a 12-month high of $105.60. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.18. The stock’s 50 day simple moving average is $95.16 and its 200 day simple moving average is $80.78.

Grupo Cibest (NYSE:CIB) last issued its quarterly earnings data on Monday, August 10th. The bank reported $3.32 EPS for the quarter, topping analysts’ consensus estimates of $2.14 by $1.18. Grupo Cibest had a return on equity of 20.87% and a net margin of 10.80%.The firm had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.40 billion. Equities research analysts expect that Grupo Cibest will post 10.87 EPS for the current year.

Grupo Cibest Dividend Announcement

The firm also recently announced a special dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 8th were paid a dividend of $1.6324 per share. The ex-dividend date of this dividend was Tuesday, September 8th. Grupo Cibest’s payout ratio is presently 103.70%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CIB. Public Employees Retirement System of Ohio bought a new stake in shares of Grupo Cibest during the second quarter valued at about $79,000. SG Americas Securities LLC bought a new position in Grupo Cibest in the 1st quarter valued at about $131,000. Strategic Investment Advisors MI acquired a new position in Grupo Cibest during the 1st quarter valued at about $134,000. V Square Quantitative Management LLC increased its stake in Grupo Cibest by 24.0% during the 1st quarter. V Square Quantitative Management LLC now owns 2,492 shares of the bank’s stock valued at $181,000 after buying an additional 482 shares during the period. Finally, Caitong International Asset Management Co. Ltd raised its position in shares of Grupo Cibest by 688.9% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,140 shares of the bank’s stock worth $200,000 after buying an additional 2,742 shares in the last quarter.

About Grupo Cibest

Grupo Cibest SA is a Colombian financial holding company formerly known as Bancolombia SA Through its subsidiaries, the group provides banking, payments, investment, insurance and other financial services to individuals, businesses and institutional customers.

Its principal banking operations are conducted through Bancolombia, which offers checking and savings accounts, consumer and commercial lending, mortgages, credit and debit cards, cash management, investment products and digital banking services.