Grupo Cibest S.A. – Sponsored ADR $CIB Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio cut its stake in Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) by 76.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,057 shares of the bank’s stock after selling 66,093 shares during the period. Public Employees Retirement System of Ohio’s holdings in Grupo Cibest were worth $1,460,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. FNY Investment Advisers LLC purchased a new position in shares of Grupo Cibest during the fourth quarter worth about $31,000. Arax Advisory Partners increased its position in shares of Grupo Cibest by 2,525.0% during the fourth quarter. Arax Advisory Partners now owns 525 shares of the bank’s stock worth $33,000 after purchasing an additional 505 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Grupo Cibest by 105.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 546 shares of the bank’s stock valued at $35,000 after purchasing an additional 280 shares during the last quarter. TD Waterhouse Canada Inc. purchased a new stake in shares of Grupo Cibest in the 4th quarter valued at about $43,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of Grupo Cibest by 796.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 977 shares of the bank’s stock valued at $45,000 after purchasing an additional 868 shares during the period.

Grupo Cibest Stock Performance

NYSE CIB opened at $92.27 on Monday. The firm has a market cap of $21.89 billion, a P/E ratio of 25.63, a P/E/G ratio of 1.06 and a beta of 0.67. Grupo Cibest S.A. – Sponsored ADR has a 52-week low of $43.20 and a 52-week high of $94.21. The business’s 50-day moving average price is $79.50 and its 200 day moving average price is $75.03. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.20.

Grupo Cibest (NYSE:CIB) last posted its quarterly earnings data on Monday, May 4th. The bank reported $1.62 EPS for the quarter, missing the consensus estimate of $1.84 by ($0.22). Grupo Cibest had a net margin of 8.41% and a return on equity of 21.07%. The company had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $2.04 billion. On average, equities research analysts expect that Grupo Cibest S.A. – Sponsored ADR 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. Shareholders of record on Tuesday, June 30th were paid a $1.304 dividend. This is an increase from Grupo Cibest’s previous quarterly dividend of $1.22. The ex-dividend date was Tuesday, June 30th. This represents a $5.22 annualized dividend and a dividend yield of 5.7%. Grupo Cibest’s dividend payout ratio (DPR) is 147.78%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CIB. Itau BBA Securities upgraded Grupo Cibest from a “strong sell” rating to a “market perform” rating in a research note on Tuesday, May 26th. UBS Group boosted their price objective on Grupo Cibest from $52.00 to $72.00 and gave the company a “neutral” rating in a research note on Thursday, April 23rd. JPMorgan Chase & Co. increased 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. The Goldman Sachs Group upgraded shares of Grupo Cibest from a “neutral” rating to a “buy” rating and raised their target price for the stock from $81.00 to $98.00 in a research report on Tuesday, July 28th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Grupo Cibest in a report on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $76.60.

About Grupo Cibest

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.