Eurizon Capital SGR S.p.A. Takes Position in Grupo Cibest S.A. – Sponsored ADR $CIB

Eurizon Capital SGR S.p.A. purchased a new stake in shares of Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 14,892 shares of the bank’s stock, valued at approximately $947,000.

Other large investors also recently modified their holdings of the company. FNY Investment Advisers LLC acquired a new position in shares of Grupo Cibest during the fourth quarter valued at $31,000. TD Waterhouse Canada Inc. bought a new position in Grupo Cibest during the fourth quarter valued at about $43,000. Tower Research Capital LLC TRC boosted its stake in Grupo Cibest by 796.3% during the second quarter. Tower Research Capital LLC TRC now owns 977 shares of the bank’s stock valued at $45,000 after buying an additional 868 shares in the last quarter. GAMMA Investing LLC boosted its stake in 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 buying an additional 376 shares in the last quarter. Finally, Grove Bank & Trust bought a new position in Grupo Cibest during the fourth quarter valued at about $97,000.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CIB. UBS Group raised their target price on Grupo Cibest from $52.00 to $72.00 and gave the company a “neutral” rating in a research note on Thursday, April 23rd. Weiss Ratings cut Grupo Cibest from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, April 24th. JPMorgan Chase & Co. raised their target price on Grupo Cibest from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Monday, May 18th. The Goldman Sachs Group raised their target price on Grupo Cibest from $69.00 to $76.00 and gave the company a “neutral” rating in a research note on Wednesday, February 25th. Finally, Bank of America raised Grupo Cibest from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $68.00 to $75.00 in a research note on Monday. Eight equities research 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, Grupo Cibest has an average rating of “Reduce” and an average price target of $72.20.

Grupo Cibest Trading Down 1.9%

Shares of NYSE CIB opened at $72.33 on Thursday. Grupo Cibest S.A. – Sponsored ADR has a 12 month low of $41.42 and a 12 month high of $86.31. The company has a market cap of $17.16 billion, a price-to-earnings ratio of 20.09, a P/E/G ratio of 1.12 and a beta of 0.70. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.20. The business has a fifty day simple moving average of $70.14 and a 200-day simple moving average of $69.92.

Grupo Cibest (NYSE:CIB) last announced its 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 for the quarter, compared to analysts’ expectations of $2.04 billion. Sell-side analysts predict that Grupo Cibest S.A. – Sponsored ADR will post 8.65 EPS for the current year.

Grupo Cibest Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 13th. Investors of record on Tuesday, March 31st were paid a $1.2182 dividend. This represents a $4.87 annualized dividend and a yield of 6.7%. The ex-dividend date of this dividend was Tuesday, March 31st. Grupo Cibest’s dividend payout ratio is currently 136.11%.

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.