Grupo Cibest S.A. – Sponsored ADR $CIB Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lowered its holdings in shares of Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) by 37.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 49,528 shares of the bank’s stock after selling 29,666 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Grupo Cibest were worth $3,151,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CIB. FNY Investment Advisers LLC purchased a new position in Grupo Cibest during the fourth quarter worth approximately $31,000. TD Waterhouse Canada Inc. purchased a new position in Grupo Cibest during the fourth quarter worth approximately $43,000. Tower Research Capital LLC TRC boosted its position in Grupo Cibest by 796.3% during the second quarter. Tower Research Capital LLC TRC now owns 977 shares of the bank’s stock worth $45,000 after purchasing an additional 868 shares in the last quarter. GAMMA Investing LLC boosted its position in Grupo Cibest by 39.8% during the fourth quarter. GAMMA Investing LLC now owns 1,321 shares of the bank’s stock worth $84,000 after purchasing an additional 376 shares in the last quarter. Finally, Grove Bank & Trust purchased a new position in Grupo Cibest during the fourth quarter worth approximately $97,000.

Grupo Cibest Price Performance

NYSE:CIB opened at $65.86 on Friday. Grupo Cibest S.A. – Sponsored ADR has a one year low of $40.28 and a one year high of $86.31. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.03 and a current ratio of 0.98. The stock has a market cap of $15.84 billion, a PE ratio of 18.29, a P/E/G ratio of 0.95 and a beta of 0.71. The stock has a 50 day moving average price of $69.70 and a 200 day moving average price of $69.34.

Grupo Cibest (NYSE:CIB) last posted its quarterly earnings results on Monday, May 4th. The bank reported $1.62 EPS for the quarter, missing the consensus estimate of $1.84 by ($0.22). Grupo Cibest had a net margin of 8.41% and a return on equity of 21.07%. The company had revenue of $1.69 billion during the quarter, compared to analyst estimates of $2.04 billion. Equities research analysts expect that Grupo Cibest S.A. – Sponsored ADR will post 8.62 EPS for the current fiscal year.

Grupo Cibest Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 13th. Investors of record on Tuesday, March 31st were issued a $1.2182 dividend. This represents a $4.87 annualized dividend and a dividend yield of 7.4%. The ex-dividend date of this dividend was Tuesday, March 31st. Grupo Cibest’s dividend payout ratio (DPR) is currently 136.11%.

Analysts Set New Price Targets

CIB has been the topic of a number of recent analyst reports. UBS Group increased their price target on Grupo Cibest from $52.00 to $72.00 and gave the stock a “neutral” rating in a research report on Thursday, April 23rd. JPMorgan Chase & Co. increased their price target on Grupo Cibest from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Monday, May 18th. The Goldman Sachs Group increased their price target on Grupo Cibest from $69.00 to $76.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 25th. Itau BBA Securities downgraded Grupo Cibest from a “market perform” rating to an “underperform” rating and set a $68.00 price target on the stock. in a research report on Thursday, February 26th. Finally, Weiss Ratings downgraded Grupo Cibest from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, April 24th. Six investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Grupo Cibest presently has a consensus rating of “Reduce” and a consensus target price of $67.00.

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.