Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) Stock Has Consensus Price Target of $90.83

Shares of Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) have been assigned an average recommendation of “Hold” from the nine research firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $90.83.

A number of equities analysts have recently weighed in on the company. The Goldman Sachs Group increased their price target on Grupo Cibest from $98.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. JPMorgan Chase & Co. downgraded Grupo Cibest from an “overweight” rating to a “neutral” rating and set a $110.00 price objective on the stock. in a research note on Wednesday, September 16th. Citigroup raised Grupo Cibest from a “hold” rating to a “buy” rating in a research report on Thursday, August 13th. Wall Street Zen raised Grupo Cibest to a “buy” rating in a research report on Saturday, October 17th. Finally, Weiss Ratings upgraded Grupo Cibest from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th.

Grupo Cibest Price Performance

NYSE:CIB opened at $92.21 on Friday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.18. The firm has a market cap of $21.88 billion, a PE ratio of 17.97, a price-to-earnings-growth ratio of 0.70 and a beta of 0.69. The company’s 50-day moving average price is $96.21 and its two-hundred day moving average price is $82.33. Grupo Cibest has a 12 month low of $59.64 and a 12 month high of $105.60.

Grupo Cibest (NYSE:CIB) last posted its earnings results on Monday, August 10th. The bank reported $3.32 EPS for the quarter, beating the consensus estimate of $2.14 by $1.18. Grupo Cibest had a return on equity of 20.87% and a net margin of 10.80%. The firm had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.40 billion. On average, equities analysts anticipate that Grupo Cibest will post 10.87 EPS for the current fiscal year.

Grupo Cibest Announces Dividend

The company also recently disclosed a special dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 8th were paid a $1.6324 dividend. The ex-dividend date of this dividend was Tuesday, September 8th. Grupo Cibest’s dividend payout ratio is currently 106.24%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Addison Advisors LLC bought a new stake in shares of Grupo Cibest in the third quarter valued at about $79,000. William Blair Investment Management LLC grew its holdings in Grupo Cibest by 73.7% during the 3rd quarter. William Blair Investment Management LLC now owns 618,837 shares of the bank’s stock valued at $57,449,000 after purchasing an additional 262,467 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of Grupo Cibest by 587.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 155,340 shares of the bank’s stock valued at $14,423,000 after buying an additional 132,749 shares during the last quarter. Candriam S.C.A. grew its stake in shares of Grupo Cibest by 46.5% in the third quarter. Candriam S.C.A. now owns 734,456 shares of the bank’s stock valued at $68,443,000 after buying an additional 233,000 shares in the last quarter. Finally, Calamos Advisors LLC grew its position in shares of Grupo Cibest by 242.9% during the third quarter. Calamos Advisors LLC now owns 43,890 shares of the bank’s stock worth $4,075,000 after acquiring an additional 31,090 shares during the last quarter.

About Grupo Cibest

Grupo Cibest SA is a Colombia-based financial services holding company whose principal business is conducted through Bancolombia and related subsidiaries. The group provides banking and financial solutions to individuals, businesses, institutions and governments, with activities spanning commercial banking, consumer finance, corporate banking, investment banking, wealth management, insurance and payments.

Its offerings include deposit accounts, loans, credit cards, cash-management services, investment products, trust and fiduciary services, foreign-exchange solutions and digital financial tools.