Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) Receives $55.25 Consensus Target Price from Analysts

Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) has been given an average recommendation of “Reduce” by the eight research firms that are covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, five have given a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $55.25.

Several equities analysts recently commented on the company. Santander lowered Grupo Cibest to an “underperform” rating in a report on Wednesday, December 17th. Citigroup downgraded Grupo Cibest from a “buy” rating to a “neutral” rating in a report on Wednesday, January 21st. Zacks Research cut Grupo Cibest from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 20th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Grupo Cibest in a research note on Monday, December 29th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Grupo Cibest from $48.00 to $65.00 and gave the stock a “neutral” rating in a research report on Friday, November 21st.

Hedge Funds Weigh In On Grupo Cibest

Several hedge funds have recently made changes to their positions in CIB. JPMorgan Chase & Co. grew its holdings in shares of Grupo Cibest by 22.7% during the second quarter. JPMorgan Chase & Co. now owns 939,979 shares of the bank’s stock worth $43,418,000 after buying an additional 173,734 shares during the last quarter. Coldstream Capital Management Inc. raised its stake in Grupo Cibest by 790.9% during the 2nd quarter. Coldstream Capital Management Inc. now owns 5,372 shares of the bank’s stock valued at $248,000 after acquiring an additional 4,769 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its position in Grupo Cibest by 20.1% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 78,130 shares of the bank’s stock worth $4,058,000 after acquiring an additional 13,078 shares during the period. Blue Grotto Capital LLC grew its stake in shares of Grupo Cibest by 73.1% in the 2nd quarter. Blue Grotto Capital LLC now owns 350,111 shares of the bank’s stock valued at $16,172,000 after purchasing an additional 147,801 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Grupo Cibest by 6.8% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,133,425 shares of the bank’s stock valued at $52,353,000 after purchasing an additional 72,119 shares during the last quarter.

Grupo Cibest Stock Performance

Shares of Grupo Cibest stock opened at $79.91 on Thursday. The business has a 50-day simple moving average of $70.43 and a 200-day simple moving average of $59.53. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.00 and a current ratio of 1.00. Grupo Cibest has a one year low of $35.44 and a one year high of $86.31. The company has a market cap of $19.22 billion, a PE ratio of 10.98, a P/E/G ratio of 0.95 and a beta of 0.79.

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.