Grupo Cibest (NYSE:CIB) Reaches New 52-Week High – Should You Buy?

Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB)’s share price reached a new 52-week high on Monday . The company traded as high as $87.68 and last traded at $84.1350, with a volume of 164647 shares changing hands. The stock had previously closed at $81.45.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. The Goldman Sachs Group upped their price objective on shares of Grupo Cibest from $69.00 to $76.00 and gave the stock a “neutral” rating in a report on Wednesday, February 25th. Bank of America raised Grupo Cibest from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $68.00 to $75.00 in a research report on Monday, June 1st. JPMorgan Chase & Co. upped their price target on Grupo Cibest from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Monday, May 18th. Weiss Ratings lowered Grupo Cibest from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, April 24th. Finally, Itau BBA Securities raised Grupo Cibest from a “strong sell” rating to a “market perform” rating in a research note on Tuesday, May 26th. Eight analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $72.20.

Grupo Cibest Stock Down 0.5%

The business’s 50 day moving average is $71.68 and its 200-day moving average is $71.45. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market capitalization of $19.19 billion, a price-to-earnings ratio of 22.46, a price-to-earnings-growth ratio of 1.20 and a beta of 0.70.

Grupo Cibest (NYSE:CIB) last released its quarterly earnings results on Monday, May 4th. The bank reported $1.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.22). The firm 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 21.07%. Equities analysts anticipate that Grupo Cibest S.A. – Sponsored ADR will post 8.87 EPS for the current fiscal year.

Grupo Cibest Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 13th. Investors of record on Tuesday, June 30th will be paid a dividend of $1.304 per share. This represents a $5.22 annualized dividend and a yield of 6.4%. The ex-dividend date is Tuesday, June 30th. This is a positive change from Grupo Cibest’s previous quarterly dividend of $1.22. Grupo Cibest’s dividend payout ratio is currently 136.11%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its position in shares of Grupo Cibest by 4.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 980,426 shares of the bank’s stock worth $50,923,000 after acquiring an additional 40,447 shares during the period. Capital Wealth Planning LLC lifted its position in Grupo Cibest by 31.6% in the third quarter. Capital Wealth Planning LLC now owns 284,643 shares of the bank’s stock worth $14,784,000 after purchasing an additional 68,425 shares during the period. Vanguard Group Inc. boosted its stake in Grupo Cibest by 0.6% during the third quarter. Vanguard Group Inc. now owns 3,021,684 shares of the bank’s stock worth $156,946,000 after buying an additional 18,917 shares in the last quarter. Fundamenta Capital S.A. bought a new stake in Grupo Cibest in the 4th quarter valued at $1,908,000. Finally, Mirabella Financial Services LLP acquired a new position in shares of Grupo Cibest in the 3rd quarter valued at $820,000.

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.