Analysts Set Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) Price Target at $48.00

Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) has received a consensus rating of “Hold” from the nine brokerages that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $54.80.

Several research firms have recently commented on CIB. The Goldman Sachs Group raised 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 report on Tuesday. Citigroup restated a “buy” rating on shares of Grupo Cibest in a report on Monday, October 20th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Grupo Cibest in a report on Monday, December 29th. Zacks Research raised Grupo Cibest from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 24th. Finally, JPMorgan Chase & Co. lifted their price target on Grupo Cibest from $48.00 to $65.00 and gave the company a “neutral” rating in a research report on Friday, November 21st.

Institutional Trading of Grupo Cibest

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd increased its stake in shares of Grupo Cibest by 253.2% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 657 shares of the bank’s stock worth $30,000 after acquiring an additional 471 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in Grupo Cibest by 796.3% in 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 during the period. GAMMA Investing LLC increased its stake in shares of Grupo Cibest by 39.8% during the fourth quarter. GAMMA Investing LLC now owns 1,321 shares of the bank’s stock valued at $84,000 after purchasing an additional 376 shares in the last quarter. Grove Bank & Trust bought a new position in shares of Grupo Cibest during the fourth quarter valued at approximately $97,000. Finally, Westfuller Advisors LLC purchased a new position in shares of Grupo Cibest during the third quarter valued at approximately $104,000.

Grupo Cibest Stock Performance

Shares of CIB stock opened at $73.81 on Friday. The firm has a market capitalization of $17.75 billion, a price-to-earnings ratio of 10.14, a PEG ratio of 0.91 and a beta of 0.81. The stock has a fifty day moving average of $64.42 and a 200 day moving average of $55.21. Grupo Cibest has a 52 week low of $31.78 and a 52 week high of $74.79. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.26.

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.