Grupo Cibest (NYSE:CIB) Cut to "Hold" at Wall Street Zen

Key Points

• Wall Street Zen downgraded Grupo Cibest from “Buy” to “Hold.” Analyst sentiment is mixed overall, but MarketBeat reports a consensus “Hold” rating and an average price target of $90.83.
• Grupo Cibest reported quarterly earnings of $2.66 per share, missing the $2.87 consensus estimate by $0.21.
• The stock opened at $89.78 and was up 1.3%; its 52-week range is $59.64 to $105.60.

Grupo Cibest (NYSE:CIB - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Saturday, Wall Street Zen reports.

Several other equities analysts have also issued reports on the company. Citigroup upgraded Grupo Cibest from a "hold" rating to a "buy" rating in a research report on Thursday, August 13th. Zacks Research downgraded shares of Grupo Cibest from a "strong-buy" rating to a "hold" rating in a report on Monday, October 12th. Royal Bank Of Canada set a $110.00 price target on shares of Grupo Cibest in a research note on Tuesday, August 11th. The Goldman Sachs Group lifted their price target on shares of Grupo Cibest from $98.00 to $110.00 and gave the company a "buy" rating in a research note on Thursday, August 13th. Finally, Weiss Ratings cut shares of Grupo Cibest from a "buy (b-)" rating to a "hold (c+)" rating in a report on Monday. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $90.83.

Grupo Cibest Stock Up 1.3%

NYSE:CIB opened at $89.78 on Friday. Grupo Cibest has a 1 year low of $59.64 and a 1 year high of $105.60. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.39. The stock has a market cap of $21.30 billion, a price-to-earnings ratio of 16.00, a PEG ratio of 0.70 and a beta of 0.69. The stock has a 50-day moving average price of $95.55 and a two-hundred day moving average price of $82.58.

Grupo Cibest (NYSE:CIB - Get Free Report) last announced its quarterly earnings results on Monday, November 9th. The bank reported $2.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.87 by ($0.21). Grupo Cibest had a return on equity of 20.34% and a net margin of 11.02%. The business had revenue of $6.55 billion during the quarter, compared to the consensus estimate of $2.47 billion. As a group, equities analysts expect that Grupo Cibest will post 10.59 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CIB. Mather Group LLC. acquired a new stake in Grupo Cibest in the 3rd quarter valued at approximately $60,000. Addison Advisors LLC acquired a new stake in Grupo Cibest in the 3rd quarter valued at approximately $79,000. Global Retirement Partners LLC lifted its stake in Grupo Cibest by 28.5% in the 3rd quarter. Global Retirement Partners LLC now owns 946 shares of the bank's stock valued at $88,000 after acquiring an additional 210 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in Grupo Cibest in the 2nd quarter valued at approximately $79,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in Grupo Cibest in the 3rd quarter valued at approximately $152,000.

About Grupo Cibest

Grupo Cibest S.A. is a financial holding company whose businesses provide banking and related financial services to individuals, businesses and institutions. Its offerings include consumer and commercial banking, payments, leasing, trust and investment services, and digital financial products. The group operates primarily in Colombia and also has a presence in Central America through businesses including Banco Agrícola in El Salvador and Banistmo in Panama. Its digital services include Nequi, a financial platform serving customers in Colombia.

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