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

Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) has been assigned an average rating of “Reduce” from the nine research firms that are presently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $59.20.

Several research analysts have weighed in on the stock. The Goldman Sachs Group increased their target price on shares of Grupo Cibest from $69.00 to $76.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 25th. Citigroup lowered shares of Grupo Cibest from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 21st. Weiss Ratings lowered shares of Grupo Cibest from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, April 10th. Itau BBA Securities lowered shares of Grupo Cibest from a “market perform” rating to an “underperform” rating and set a $68.00 target price for the company. in a research note on Thursday, February 26th. Finally, Zacks Research lowered shares of Grupo Cibest from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 20th.

Grupo Cibest Trading Up 1.2%

Shares of CIB opened at $74.77 on Tuesday. 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 12-month low of $39.49 and a 12-month high of $86.31. The firm has a 50-day moving average price of $72.46 and a 200 day moving average price of $67.61. The firm has a market capitalization of $17.98 billion, a P/E ratio of 20.43, a P/E/G ratio of 1.28 and a beta of 0.80.

Grupo Cibest Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 13th. Stockholders of record on Tuesday, March 31st were given a dividend of $1.2182 per share. This represents a $4.87 annualized dividend and a dividend yield of 6.5%. The ex-dividend date of this dividend was Tuesday, March 31st. Grupo Cibest’s dividend payout ratio is currently 133.88%.

Institutional Trading of Grupo Cibest

Hedge funds have recently made changes to their positions in the business. FNY Investment Advisers LLC acquired a new stake in shares of Grupo Cibest during the fourth quarter worth about $31,000. Arax Advisory Partners raised 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 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 valued at $35,000 after acquiring an additional 280 shares in the last quarter. TD Waterhouse Canada Inc. acquired a new stake in Grupo Cibest in the fourth quarter valued at approximately $43,000. Finally, Tower Research Capital LLC TRC raised its holdings in Grupo Cibest by 796.3% in the second quarter. Tower Research Capital LLC TRC now owns 977 shares of the bank’s stock valued at $45,000 after acquiring an additional 868 shares in 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.