Grupo Cibest S.A. – Sponsored ADR (CIB) – What Are Analysts Saying About This Stock?

Shares of Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) have been given an average recommendation of “Hold” by the nine brokerages that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $90.83.

A number of equities research analysts have recently commented on the stock. Weiss Ratings cut shares of Grupo Cibest from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday. Royal Bank Of Canada set a $110.00 target price on shares of Grupo Cibest in a report on Tuesday, August 11th. The Goldman Sachs Group boosted their target price on shares of Grupo Cibest from $98.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Wall Street Zen raised shares of Grupo Cibest to a “buy” rating in a report on Saturday, October 17th. Finally, Zacks Research cut shares of Grupo Cibest from a “strong-buy” rating to a “hold” rating in a report on Monday, October 12th.

Hedge Funds Weigh In On Grupo Cibest

Several institutional investors and hedge funds have recently modified their holdings of the business. Candriam S.C.A. boosted its position in Grupo Cibest by 46.5% during the third quarter. Candriam S.C.A. now owns 734,456 shares of the bank’s stock worth $68,443,000 after purchasing an additional 233,000 shares in the last quarter. William Blair Investment Management LLC increased its position in shares of Grupo Cibest by 73.7% in the third quarter. William Blair Investment Management LLC now owns 618,837 shares of the bank’s stock valued at $57,449,000 after buying an additional 262,467 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Grupo Cibest by 9.1% during the 1st quarter. Bank of America Corp DE now owns 516,834 shares of the bank’s stock worth $37,631,000 after buying an additional 43,126 shares during the period. Amundi raised its stake in shares of Grupo Cibest by 26.7% during the 1st quarter. Amundi now owns 495,535 shares of the bank’s stock worth $36,080,000 after buying an additional 104,280 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of Grupo Cibest by 0.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 434,635 shares of the bank’s stock valued at $31,599,000 after buying an additional 2,132 shares in the last quarter.

Grupo Cibest Stock Performance

NYSE CIB opened at $91.82 on Friday. The firm has a market capitalization of $21.79 billion, a P/E ratio of 9.73, a PEG ratio of 0.70 and a beta of 0.69. The stock has a 50-day simple moving average of $95.98 and a two-hundred day simple moving average of $82.52. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.99 and a current ratio of 1.00. Grupo Cibest has a fifty-two week low of $59.64 and a fifty-two week high of $105.60.

Grupo Cibest (NYSE:CIB) last announced its quarterly earnings results on Monday, November 9th. The bank reported $2.66 earnings per share for the quarter, missing the consensus estimate of $2.87 by ($0.21). Grupo Cibest had a net margin of 11.02% and a return on equity of 20.34%. The company had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $2.55 billion. On average, equities analysts forecast that Grupo Cibest will post 10.87 earnings per share for the current year.

Grupo Cibest Announces Dividend

The firm also recently announced a special dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 8th were given a dividend of $1.6324 per share. The ex-dividend date was Tuesday, September 8th. Grupo Cibest’s dividend payout ratio (DPR) is 106.24%.

Grupo Cibest Company Profile

Grupo Cibest S.A. is a financial holding company whose businesses provide banking and related financial services to individuals, businesses and institutions. Its offerings include consumer and commercial banking, payments, leasing, trust and investment services, and digital financial products. The group operates primarily in Colombia and also has a presence in Central America through businesses including Banco Agrícola in El Salvador and Banistmo in Panama. Its digital services include Nequi, a financial platform serving customers in Colombia.