Grupo Cibest (NYSE:CIB) Shares Down 5.9% – What’s Next?

Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB)’s share price fell 5.9% on Tuesday . The stock traded as low as $76.23 and last traded at $75.6760. 560,136 shares were traded during trading, an increase of 32% from the average session volume of 422,837 shares. The stock had previously closed at $80.45.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CIB shares. Citigroup cut Grupo Cibest from a “buy” rating to a “neutral” rating in a report on Wednesday, January 21st. Zacks Research downgraded Grupo Cibest from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 20th. JPMorgan Chase & Co. boosted their price objective on Grupo Cibest from $48.00 to $65.00 and gave the company a “neutral” rating in a research note on Friday, November 21st. The Goldman Sachs Group upgraded shares of Grupo Cibest from a “sell” rating to a “neutral” rating and raised their target price for the stock from $49.00 to $69.00 in a research note on Tuesday, January 13th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Grupo Cibest in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $55.25.

Grupo Cibest Price Performance

The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.26. The company has a market cap of $17.99 billion, a P/E ratio of 10.27, a P/E/G ratio of 0.97 and a beta of 0.79. The firm has a 50 day moving average of $73.41 and a 200-day moving average of $61.93.

Hedge Funds Weigh In On Grupo Cibest

Several institutional investors have recently bought and sold shares of CIB. FNY Investment Advisers LLC purchased a new stake in Grupo Cibest in the 4th quarter worth $31,000. Arax Advisory Partners grew its position 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 valued at $33,000 after purchasing an additional 505 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Grupo Cibest by 105.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 546 shares of the bank’s stock worth $35,000 after purchasing an additional 280 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its position in shares of Grupo Cibest by 253.2% in the second quarter. Caitong International Asset Management Co. Ltd now owns 657 shares of the bank’s stock worth $30,000 after buying an additional 471 shares in the last quarter. Finally, TD Waterhouse Canada Inc. bought a new position in Grupo Cibest during the fourth quarter valued at approximately $43,000.

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.