Barometer Capital Management Inc. Has $1.74 Million Stake in Grupo Cibest S.A. – Sponsored ADR $CIB

Barometer Capital Management Inc. lifted its stake in shares of Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) by 671.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,900 shares of the bank’s stock after purchasing an additional 20,800 shares during the quarter. Barometer Capital Management Inc.’s holdings in Grupo Cibest were worth $1,740,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. FNY Investment Advisers LLC acquired a new stake in Grupo Cibest in the fourth quarter valued at approximately $31,000. Arax Advisory Partners grew its stake 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 buying an additional 505 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Grupo Cibest by 105.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 546 shares of the bank’s stock worth $35,000 after buying an additional 280 shares in the last quarter. TD Waterhouse Canada Inc. acquired a new position in shares of Grupo Cibest during the fourth quarter worth $43,000. Finally, Tower Research Capital LLC TRC lifted its stake 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 acquiring an additional 868 shares during the last quarter.

Grupo Cibest Price Performance

Shares of NYSE:CIB opened at $83.86 on Wednesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.98 and a current ratio of 0.98. Grupo Cibest S.A. – Sponsored ADR has a 52 week low of $43.20 and a 52 week high of $87.68. The firm has a market cap of $19.90 billion, a PE ratio of 23.30, a price-to-earnings-growth ratio of 0.92 and a beta of 0.67. The firm’s fifty day moving average is $75.64 and its 200-day moving average is $73.83.

Grupo Cibest (NYSE:CIB) last posted 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). The company had revenue of $1.69 billion during the quarter, compared to analyst estimates of $2.04 billion. Grupo Cibest had a net margin of 8.41% and a return on equity of 21.07%. Sell-side analysts predict 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 declared a quarterly dividend, which was paid on Monday, July 13th. Shareholders of record on Tuesday, June 30th were given a $1.304 dividend. This is a boost from Grupo Cibest’s previous quarterly dividend of $1.22. The ex-dividend date was Tuesday, June 30th. This represents a $5.22 dividend on an annualized basis and a dividend yield of 6.2%. Grupo Cibest’s dividend payout ratio is presently 147.78%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. UBS Group boosted their price objective on Grupo Cibest from $52.00 to $72.00 and gave the stock a “neutral” rating in a research report on Thursday, April 23rd. Bank of America upgraded Grupo Cibest from an “underperform” rating to a “neutral” rating and increased their target price for the company from $68.00 to $75.00 in a research report on Monday, June 1st. Zacks Research raised Grupo Cibest from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 17th. Weiss Ratings cut 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. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $73.20.

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.