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

Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) has been given a consensus recommendation of “Reduce” by the nine analysts that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating and eight have issued a hold rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $72.20.

A number of research firms have commented on CIB. Weiss Ratings downgraded shares of Grupo Cibest from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, April 24th. JPMorgan Chase & Co. upped their price target on shares of Grupo Cibest from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Monday, May 18th. Bank of America upgraded shares of Grupo Cibest from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $68.00 to $75.00 in a research note on Monday, June 1st. UBS Group lifted their price objective on shares of Grupo Cibest from $52.00 to $72.00 and gave the company a “neutral” rating in a report on Thursday, April 23rd. Finally, Itau BBA Securities raised shares of Grupo Cibest from a “strong sell” rating to a “market perform” rating in a research note on Tuesday, May 26th.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in CIB. Ieq Capital LLC lifted its stake in shares of Grupo Cibest by 2.6% during the 4th quarter. Ieq Capital LLC now owns 7,961 shares of the bank’s stock worth $506,000 after purchasing an additional 205 shares during the last quarter. Signaturefd LLC raised its holdings in Grupo Cibest by 5.3% in the fourth quarter. Signaturefd LLC now owns 4,905 shares of the bank’s stock worth $312,000 after purchasing an additional 248 shares in the last quarter. Smartleaf Asset Management LLC raised 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 worth $35,000 after purchasing an additional 280 shares in the last quarter. Ballentine Partners LLC raised its holdings in Grupo Cibest by 2.1% in the fourth quarter. Ballentine Partners LLC now owns 16,229 shares of the bank’s stock worth $1,032,000 after purchasing an additional 332 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its position in shares of Grupo Cibest by 89.2% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 753 shares of the bank’s stock valued at $48,000 after buying an additional 355 shares during the last quarter.

Grupo Cibest Stock Performance

Shares of Grupo Cibest stock opened at $79.10 on Friday. The firm has a market cap of $18.77 billion, a P/E ratio of 21.97, a P/E/G ratio of 0.90 and a beta of 0.67. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.20. Grupo Cibest has a 12 month low of $43.20 and a 12 month high of $87.68. The stock’s fifty day moving average price is $72.33 and its 200-day moving average price is $72.27.

Grupo Cibest (NYSE:CIB) last released its quarterly earnings data 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). Grupo Cibest had a return on equity of 21.07% and a net margin of 8.41%.The business had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $2.04 billion. On average, equities research analysts expect that Grupo Cibest will post 8.87 earnings per share for the current fiscal year.

Grupo Cibest Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 13th. Stockholders of record on Tuesday, June 30th will be issued a $1.304 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $5.22 dividend on an annualized basis and a dividend yield of 6.6%. This is a boost from Grupo Cibest’s previous quarterly dividend of $1.22. Grupo Cibest’s dividend payout ratio (DPR) is 145.00%.

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.