Brokerages Set Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) PT at $72.20

Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) has received a consensus rating of “Reduce” from the nine brokerages that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation and eight have given a hold recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $72.20.

A number of equities analysts have weighed in on CIB shares. Bank of America upgraded shares of Grupo Cibest from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $68.00 to $75.00 in a research report on Monday, June 1st. Weiss Ratings lowered shares of Grupo Cibest from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, April 24th. Itau BBA Securities upgraded shares of Grupo Cibest from a “strong sell” rating to a “market perform” rating in a research report on Tuesday, May 26th. JPMorgan Chase & Co. upped their target price 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. Finally, The Goldman Sachs Group upped their target price 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.

Grupo Cibest Stock Performance

Shares of NYSE CIB opened at $80.27 on Wednesday. The firm has a 50 day moving average of $70.68 and a 200 day moving average of $70.50. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $19.05 billion, a price-to-earnings ratio of 22.30, a price-to-earnings-growth ratio of 1.23 and a beta of 0.70. Grupo Cibest has a 12-month low of $41.42 and a 12-month high of $86.31.

Grupo Cibest (NYSE:CIB) last announced its earnings results on Monday, May 4th. The bank reported $1.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.84 by ($0.22). The business had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $2.04 billion. Grupo Cibest had a net margin of 8.41% and a return on equity of 21.07%. On average, research analysts anticipate that Grupo Cibest will post 8.65 earnings per share for the current year.

Grupo Cibest Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 13th. Investors of record on Tuesday, March 31st were paid a dividend of $1.2182 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $4.87 dividend on an annualized basis and a yield of 6.1%. Grupo Cibest’s dividend payout ratio is presently 136.11%.

Institutional Investors Weigh In On Grupo Cibest

A number of hedge funds have recently bought and sold shares of the business. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Grupo Cibest in the 3rd quarter valued at about $44,920,000. Itau Unibanco Holding S.A. raised its position in shares of Grupo Cibest by 164.5% in the 4th quarter. Itau Unibanco Holding S.A. now owns 651,368 shares of the bank’s stock valued at $41,523,000 after purchasing an additional 405,098 shares during the last quarter. Millennium Management LLC raised its position in shares of Grupo Cibest by 527.0% in the 1st quarter. Millennium Management LLC now owns 316,877 shares of the bank’s stock valued at $12,738,000 after purchasing an additional 266,341 shares during the last quarter. Earnest Partners LLC raised its position in shares of Grupo Cibest by 8.8% in the 4th quarter. Earnest Partners LLC now owns 2,697,747 shares of the bank’s stock valued at $171,604,000 after purchasing an additional 218,359 shares during the last quarter. Finally, New York State Common Retirement Fund purchased a new position in shares of Grupo Cibest in the 4th quarter valued at approximately $12,761,000.

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.