Lesa Sroufe & Co Invests $4.85 Million in Grupo Cibest S.A. – Sponsored ADR $CIB

Lesa Sroufe & Co acquired a new position in Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 66,628 shares of the bank’s stock, valued at approximately $4,851,000. Grupo Cibest accounts for about 3.3% of Lesa Sroufe & Co’s portfolio, making the stock its 9th biggest position.

Several other institutional investors have also added to or reduced their stakes in the stock. Patriot Financial Group Insurance Agency LLC increased its position in Grupo Cibest by 101.4% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 16,572 shares of the bank’s stock valued at $1,207,000 after purchasing an additional 8,343 shares during the period. SG Americas Securities LLC bought a new position in Grupo Cibest during the 1st quarter worth approximately $131,000. E. Ohman J or Asset Management AB lifted its position in shares of Grupo Cibest by 17.1% in the 1st quarter. E. Ohman J or Asset Management AB now owns 13,000 shares of the bank’s stock worth $947,000 after purchasing an additional 1,900 shares during the period. Caitong International Asset Management Co. Ltd lifted its position in shares of Grupo Cibest by 688.9% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,140 shares of the bank’s stock worth $200,000 after purchasing an additional 2,742 shares during the period. Finally, Virtu Financial LLC bought a new stake in shares of Grupo Cibest in the 4th quarter valued at $439,000.

Grupo Cibest Stock Down 0.1%

Shares of NYSE CIB opened at $79.10 on Friday. The firm has a market cap of $18.77 billion, a PE ratio of 21.97, a P/E/G ratio of 0.90 and a beta of 0.67. Grupo Cibest S.A. – Sponsored ADR has a 12-month low of $43.20 and a 12-month high of $87.68. The company’s fifty day simple moving average is $72.33 and its 200 day simple moving average is $72.27. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.20.

Grupo Cibest (NYSE:CIB) last posted its quarterly earnings results on Monday, May 4th. The bank reported $1.62 earnings per share 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 the consensus estimate of $2.04 billion. As a group, sell-side analysts forecast that Grupo Cibest S.A. – Sponsored ADR will post 8.87 earnings per share for the current fiscal year.

Grupo Cibest Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 13th. Stockholders of record on Tuesday, June 30th will be paid a $1.304 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $5.22 annualized dividend and a dividend yield of 6.6%. This is a boost from Grupo Cibest’s previous quarterly dividend of $1.22. Grupo Cibest’s dividend payout ratio (DPR) is 145.00%.

Analyst Ratings Changes

Several research firms have recently weighed in on CIB. JPMorgan Chase & Co. increased their price objective on shares of Grupo Cibest from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Monday, May 18th. UBS Group boosted their target price on shares of Grupo Cibest from $52.00 to $72.00 and gave the company a “neutral” rating in a report on Thursday, April 23rd. Itau BBA Securities raised shares of Grupo Cibest from a “strong sell” rating to a “market perform” rating in a research report on Tuesday, May 26th. Bank of America upgraded Grupo Cibest from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $68.00 to $75.00 in a report on Monday, June 1st. Finally, Weiss Ratings lowered Grupo Cibest from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, April 24th. Eight analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $72.20.

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.