14B Captial Management LP Trims Position in Grupo Cibest S.A. – Sponsored ADR $CIB

14B Captial Management LP trimmed its holdings in shares of Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) by 37.5% during the fourth quarter, HoldingsChannel reports. The fund owned 70,000 shares of the bank’s stock after selling 42,000 shares during the quarter. Grupo Cibest comprises 3.6% of 14B Captial Management LP’s holdings, making the stock its 9th largest position. 14B Captial Management LP’s holdings in Grupo Cibest were worth $4,453,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CIB. FNY Investment Advisers LLC acquired a new position in shares of Grupo Cibest in the 4th quarter worth approximately $31,000. Arax Advisory Partners lifted its position in shares of Grupo Cibest by 2,525.0% in the 4th quarter. Arax Advisory Partners now owns 525 shares of the bank’s stock worth $33,000 after purchasing an additional 505 shares during the period. Smartleaf Asset Management LLC lifted its position in shares of Grupo Cibest by 105.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 546 shares of the bank’s stock worth $35,000 after purchasing an additional 280 shares during the period. TD Waterhouse Canada Inc. acquired a new position in shares of Grupo Cibest in the 4th quarter worth approximately $43,000. Finally, Caitong International Asset Management Co. Ltd lifted its position in shares of Grupo Cibest by 89.2% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 753 shares of the bank’s stock worth $48,000 after purchasing an additional 355 shares during the period.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CIB. Weiss Ratings downgraded shares of Grupo Cibest from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, April 24th. UBS Group boosted their price target on shares of Grupo Cibest from $52.00 to $72.00 and gave the stock a “neutral” rating in a research report on Thursday, April 23rd. The Goldman Sachs Group boosted their price target on shares of Grupo Cibest from $69.00 to $76.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 25th. Bank of America upgraded shares of Grupo Cibest from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $68.00 to $75.00 in a research report on Monday, June 1st. Finally, JPMorgan Chase & Co. boosted their target price on shares of Grupo Cibest from $65.00 to $70.00 and gave the company a “neutral” rating in a research report on Monday, May 18th. Eight analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $72.20.

Grupo Cibest Stock Up 0.9%

Grupo Cibest stock opened at $79.96 on Thursday. 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 S.A. – Sponsored ADR has a 12-month low of $42.08 and a 12-month high of $86.31. The firm’s fifty day moving average is $71.12 and its 200 day moving average is $70.94. The company has a market capitalization of $18.97 billion, a PE ratio of 22.21, a PEG ratio of 1.20 and a beta of 0.70.

Grupo Cibest (NYSE:CIB) last released its quarterly earnings data 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 return on equity of 21.07% and a net margin of 8.41%.The business had revenue of $1.69 billion for the quarter, compared to analyst estimates of $2.04 billion. As a group, sell-side analysts predict that Grupo Cibest S.A. – Sponsored ADR will post 8.65 EPS 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. This represents a $5.22 annualized dividend and a dividend yield of 6.5%. The ex-dividend date is Tuesday, June 30th. This is a positive change from Grupo Cibest’s previous quarterly dividend of $1.22. Grupo Cibest’s dividend payout ratio (DPR) is currently 136.11%.

Grupo Cibest 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.