Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) Short Interest Update

Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) saw a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 539,891 shares, a decline of 40.5% from the June 15th total of 907,587 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 491,342 shares, the days-to-cover ratio is currently 1.1 days.

Grupo Cibest Trading Up 1.2%

NYSE:CIB traded up $0.94 during mid-day trading on Friday, hitting $80.41. 258,082 shares of the company’s stock were exchanged, compared to its average volume of 294,720. Grupo Cibest has a fifty-two week low of $43.20 and a fifty-two week high of $87.68. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $19.08 billion, a P/E ratio of 22.34, a PEG ratio of 0.91 and a beta of 0.67. The company has a 50 day simple moving average of $74.91 and a 200-day simple moving average of $73.51.

Grupo Cibest (NYSE:CIB) last released its quarterly earnings results on Monday, May 4th. The bank reported $1.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.84 by ($0.22). The business had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $2.04 billion. Grupo Cibest had a net margin of 8.41% and a return on equity of 21.07%. As a group, research analysts expect that Grupo Cibest will post 8.87 earnings per share for the current year.

Grupo Cibest Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 13th. Investors of record on Tuesday, June 30th were given a dividend of $1.304 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $5.22 annualized dividend and a yield of 6.5%. This is an increase from Grupo Cibest’s previous quarterly dividend of $1.22. Grupo Cibest’s dividend payout ratio is 147.78%.

Analysts Set New Price Targets

Several brokerages recently commented on CIB. The Goldman Sachs Group increased their price objective on shares of Grupo Cibest from $71.00 to $81.00 and gave the company a “neutral” rating in a research note on Thursday. UBS Group upped their price target on shares of Grupo Cibest from $52.00 to $72.00 and gave the stock a “neutral” rating in a report on Thursday, April 23rd. Weiss Ratings cut Grupo Cibest from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, April 24th. JPMorgan Chase & Co. raised their price objective on Grupo Cibest from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Monday, May 18th. Finally, Bank of America upgraded Grupo Cibest from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $68.00 to $75.00 in a research report on Monday, June 1st. Eight analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $73.20.

Institutional Investors Weigh In On Grupo Cibest

Institutional investors have recently made changes to their positions in the stock. FNY Investment Advisers LLC bought a new position in shares of Grupo Cibest during the fourth quarter worth about $31,000. Arax Advisory Partners boosted its holdings in Grupo Cibest by 2,525.0% in the fourth quarter. Arax Advisory Partners now owns 525 shares of the bank’s stock valued at $33,000 after acquiring an additional 505 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in Grupo Cibest by 105.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 546 shares of the bank’s stock valued at $35,000 after acquiring an additional 280 shares during the last quarter. TD Waterhouse Canada Inc. acquired a new stake in Grupo Cibest during the 4th quarter valued at approximately $43,000. Finally, Caitong International Asset Management Co. Ltd increased its position in Grupo Cibest by 89.2% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 753 shares of the bank’s stock valued at $48,000 after purchasing an additional 355 shares during the period.

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.