9,110 Shares in Grupo Cibest S.A. – Sponsored ADR $CIB Purchased by Calamos Advisors LLC

Calamos Advisors LLC purchased a new stake in shares of Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 9,110 shares of the bank’s stock, valued at approximately $663,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Itau Unibanco Holding S.A. lifted its holdings in Grupo Cibest by 164.5% in the 4th quarter. Itau Unibanco Holding S.A. now owns 651,368 shares of the bank’s stock worth $41,523,000 after buying an additional 405,098 shares during the period. Millennium Management LLC increased its stake in shares of Grupo Cibest by 527.0% during the first quarter. Millennium Management LLC now owns 316,877 shares of the bank’s stock valued at $12,738,000 after buying an additional 266,341 shares during the period. Earnest Partners LLC increased its stake in shares of Grupo Cibest by 8.8% during the fourth quarter. Earnest Partners LLC now owns 2,697,747 shares of the bank’s stock valued at $171,604,000 after buying an additional 218,359 shares during the period. New York State Common Retirement Fund bought a new position in shares of Grupo Cibest during the fourth quarter valued at approximately $12,761,000. Finally, Sei Investments Co. raised its holdings in shares of Grupo Cibest by 29.8% during the second quarter. Sei Investments Co. now owns 863,718 shares of the bank’s stock valued at $39,895,000 after acquiring an additional 198,228 shares in the last quarter.

Grupo Cibest Trading Down 2.8%

Grupo Cibest stock opened at $79.30 on Friday. Grupo Cibest S.A. – Sponsored ADR has a 12 month low of $43.20 and a 12 month high of $87.68. The company has a market capitalization of $18.82 billion, a price-to-earnings ratio of 22.03, a price-to-earnings-growth ratio of 0.93 and a beta of 0.67. The business’s fifty day simple moving average is $74.61 and its two-hundred day simple moving average is $73.46. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.20.

Grupo Cibest (NYSE:CIB) last issued its quarterly earnings results 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). The company 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%. As a group, equities analysts predict that Grupo Cibest S.A. – Sponsored ADR will post 8.87 earnings per share for the current fiscal year.

Grupo Cibest Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 13th. Investors of record on Tuesday, June 30th were given a dividend of $1.304 per share. This is a positive change from Grupo Cibest’s previous quarterly dividend of $1.22. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $5.22 annualized dividend and a yield of 6.6%. Grupo Cibest’s payout ratio is currently 147.78%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Bank of America upgraded shares of Grupo Cibest from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $68.00 to $75.00 in a report on Monday, June 1st. Itau BBA Securities upgraded shares of Grupo Cibest from a “strong sell” rating to a “market perform” rating in a report on Tuesday, May 26th. Weiss Ratings cut shares of Grupo Cibest from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, April 24th. The Goldman Sachs Group lifted their target price on shares of Grupo Cibest from $71.00 to $81.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, UBS Group boosted their price target on shares of Grupo Cibest from $52.00 to $72.00 and gave the company a “neutral” rating in a research report on Thursday, April 23rd. 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.com, the stock has a consensus rating of “Reduce” and an average target price of $73.20.

About Grupo Cibest

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.