Grupo Cibest S.A. - Sponsored ADR (NYSE:CIB) Receives Consensus Rating of "Hold" from Brokerages

Key Points

• Analysts have a consensus “Hold” rating on Grupo Cibest, with five holds, two buys, one strong buy and one sell. The average 12-month price target is $90.83, below the reported share price of $98.32.
• Grupo Cibest reported quarterly EPS of $3.32, surpassing the $2.14 consensus estimate, while revenue of $2.31 billion fell short of the $2.40 billion forecast.
• The company paid a special dividend of $1.6324 per share; its payout ratio was 103.70%. Several institutional investors, including Bank of America and ABN Amro Investment Solutions, increased their positions.

Shares of Grupo Cibest S.A. - Sponsored ADR (NYSE:CIB - Get Free Report) have earned an average recommendation of "Hold" from the nine analysts that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $90.8333.

Several analysts have weighed in on the company. Bank of America upgraded Grupo Cibest from an "underperform" rating to a "neutral" rating and boosted their price objective for the company from $68.00 to $75.00 in a research report on Monday, June 1st. Zacks Research upgraded shares of Grupo Cibest from a "hold" rating to a "strong-buy" rating in a report on Friday, July 17th. Citigroup raised shares of Grupo Cibest from a "hold" rating to a "buy" rating in a research note on Thursday, August 13th. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $110.00 price target on shares of Grupo Cibest in a report on Wednesday. Finally, Royal Bank Of Canada set a $110.00 price target on shares of Grupo Cibest in a research report on Tuesday, August 11th.

Institutional Trading of Grupo Cibest

Several large investors have recently modified their holdings of CIB. Bank of America Corp DE increased its position in Grupo Cibest by 9.1% during the 1st quarter. Bank of America Corp DE now owns 516,834 shares of the bank's stock valued at $37,631,000 after purchasing an additional 43,126 shares during the period. ABN Amro Investment Solutions boosted its stake in shares of Grupo Cibest by 110.7% during the 4th quarter. ABN Amro Investment Solutions now owns 182,945 shares of the bank's stock valued at $11,637,000 after purchasing an additional 96,109 shares in the last quarter. Barings LLC lifted its holdings in Grupo Cibest by 50.2% in the first quarter. Barings LLC now owns 81,500 shares of the bank's stock worth $5,934,000 after buying an additional 27,227 shares during the period. Assetmark Inc. lifted its holdings in Grupo Cibest by 46,580.9% in the first quarter. Assetmark Inc. now owns 95,229 shares of the bank's stock worth $6,934,000 after buying an additional 95,025 shares during the period. Finally, Barometer Capital Management Inc. boosted its position in Grupo Cibest by 671.0% during the 1st quarter. Barometer Capital Management Inc. now owns 23,900 shares of the bank's stock valued at $1,740,000 after acquiring an additional 20,800 shares in the last quarter.

Grupo Cibest Stock Up 0.0%

Shares of NYSE:CIB opened at $98.32 on Friday. The stock has a market capitalization of $23.33 billion, a P/E ratio of 19.17, a price-to-earnings-growth ratio of 0.75 and a beta of 0.65. The stock's 50-day moving average price is $93.66 and its 200-day moving average price is $79.71. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.18. Grupo Cibest has a 12-month low of $50.72 and a 12-month high of $105.60.

Grupo Cibest (NYSE:CIB - Get Free Report) last released its earnings results on Monday, August 10th. The bank reported $3.32 earnings per share for the quarter, beating analysts' consensus estimates of $2.14 by $1.18. Grupo Cibest had a return on equity of 20.87% and a net margin of 10.80%.The company had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.40 billion. On average, equities analysts anticipate that Grupo Cibest will post 10.87 earnings per share for the current year.

Grupo Cibest Announces Dividend

The company also recently disclosed a special dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 8th were paid a dividend of $1.6324 per share. The ex-dividend date of this dividend was Tuesday, September 8th. Grupo Cibest's dividend payout ratio is 103.70%.

Grupo Cibest Company Profile

Grupo Cibest SA is a Colombian financial holding company formerly known as Bancolombia SA Through its subsidiaries, the group provides banking, payments, investment, insurance and other financial services to individuals, businesses and institutional customers.

Its principal banking operations are conducted through Bancolombia, which offers checking and savings accounts, consumer and commercial lending, mortgages, credit and debit cards, cash management, investment products and digital banking services.

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