Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) Receives Consensus Rating of “Reduce” from Brokerages

Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) has earned a consensus recommendation of “Reduce” from the nine analysts that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a sell rating and six have issued a hold rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $66.00.

A number of brokerages recently issued reports on CIB. UBS Group lifted their price target on shares of Grupo Cibest from $52.00 to $72.00 and gave the company a “neutral” rating in a research report on Thursday, April 23rd. Weiss Ratings cut shares of Grupo Cibest from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, April 24th. Citigroup cut shares of Grupo Cibest from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 21st. The Goldman Sachs Group lifted their price target on shares of Grupo Cibest from $69.00 to $76.00 and gave the company a “neutral” rating in a research report on Wednesday, February 25th. Finally, Itau BBA Securities cut shares of Grupo Cibest from a “market perform” rating to an “underperform” rating and set a $68.00 price target for the company. in a research report on Thursday, February 26th.

Grupo Cibest Trading Down 1.9%

Shares of CIB opened at $63.11 on Friday. The firm’s 50-day moving average price is $69.94 and its 200-day moving average price is $69.06. The firm has a market capitalization of $15.18 billion, a price-to-earnings ratio of 17.53, a PEG ratio of 0.93 and a beta of 0.71. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.41. Grupo Cibest has a 1-year low of $40.28 and a 1-year high of $86.31.

Grupo Cibest (NYSE:CIB) last announced its earnings results on Monday, May 4th. The bank reported $1.62 earnings per share for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.22). The company 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 23.86%. Sell-side analysts anticipate that Grupo Cibest will post 9.07 EPS for the current year.

Grupo Cibest Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 13th. Investors of record on Tuesday, March 31st were given a dividend of $1.2182 per share. This represents a $4.87 dividend on an annualized basis and a yield of 7.7%. The ex-dividend date of this dividend was Tuesday, March 31st. Grupo Cibest’s dividend payout ratio (DPR) is 135.83%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in Grupo Cibest by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 3,089,670 shares of the bank’s stock valued at $196,534,000 after acquiring an additional 67,986 shares during the period. Earnest Partners LLC raised its holdings in Grupo Cibest by 8.8% in the fourth quarter. Earnest Partners LLC now owns 2,697,747 shares of the bank’s stock worth $171,604,000 after buying an additional 218,359 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Grupo Cibest by 4.3% in the third 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 during the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Grupo Cibest in the third quarter worth about $44,920,000. Finally, Sei Investments Co. raised its holdings in Grupo Cibest by 29.8% in the second quarter. Sei Investments Co. now owns 863,718 shares of the bank’s stock worth $39,895,000 after buying an additional 198,228 shares during the last quarter.

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.