Grupo Cibest S.A. - Sponsored ADR (NYSE:CIB) Stock Has Average Target Price of $90.83

Key Points

• Analysts maintain a consensus “Hold” rating on Grupo Cibest, with an average 12-month price target of $90.83 versus the stock’s $94.81 opening price.
• Grupo Cibest reported quarterly earnings of $3.32 per share, beating estimates of $2.14, while revenue of $2.31 billion fell short of the $2.40 billion consensus forecast.
• The company paid a special dividend of $1.6324 per share; its current dividend payout ratio stands at 106.24%.

Shares of Grupo Cibest S.A. - Sponsored ADR (NYSE:CIB - Get Free Report) have been given a consensus rating of "Hold" by the nine analysts that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $90.83.

Several brokerages recently commented on CIB. Weiss Ratings upgraded shares of Grupo Cibest from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $110.00 price objective on shares of Grupo Cibest in a research note on Wednesday, September 16th. Zacks Research upgraded Grupo Cibest from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 17th. Royal Bank Of Canada set a $110.00 target price on Grupo Cibest in a research report on Tuesday, August 11th. Finally, Citigroup raised Grupo Cibest from a "hold" rating to a "buy" rating in a research note on Thursday, August 13th.

Grupo Cibest Stock Down 0.0%

NYSE CIB opened at $94.81 on Tuesday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.18. The company has a fifty day moving average of $96.77 and a two-hundred day moving average of $82.92. The firm has a market capitalization of $22.50 billion, a price-to-earnings ratio of 18.48, a PEG ratio of 0.72 and a beta of 0.67. Grupo Cibest has a 52 week low of $53.18 and a 52 week high of $105.60.

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

Grupo Cibest Dividend Announcement

The firm also recently declared a special dividend, which was paid on Tuesday, September 15th. Investors 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 (DPR) is currently 106.24%.

Hedge Funds Weigh In On Grupo Cibest

A number of large investors have recently bought and sold shares of the business. QRG Capital Management Inc. increased its stake in Grupo Cibest by 6.5% in the second quarter. QRG Capital Management Inc. now owns 17,479 shares of the bank's stock worth $1,388,000 after purchasing an additional 1,070 shares during the period. Sequoia Financial Advisors LLC lifted its position in shares of Grupo Cibest by 29.4% during the second quarter. Sequoia Financial Advisors LLC now owns 7,230 shares of the bank's stock worth $574,000 after purchasing an additional 1,644 shares during the last quarter. Nykredit A S bought a new stake in shares of Grupo Cibest during the second quarter worth $4,670,000. Corient Private Wealth LP purchased a new stake in shares of Grupo Cibest during the second quarter valued at $528,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Grupo Cibest during the second quarter valued at $79,000.

About Grupo Cibest

Grupo Cibest SA is a Colombia-based financial services holding company formerly known as Bancolombia SA The company operates through a diversified financial-services platform focused on serving individuals, businesses, corporations and institutional clients.

Its businesses include commercial and consumer banking, savings and checking accounts, lending, credit cards, payments, leasing, investment banking, brokerage, fiduciary services, asset management and insurance. Through its subsidiaries and digital channels, Grupo Cibest provides financial products and services to retail customers, small and midsize businesses, and large corporations.

The company has its principal operations in Colombia and a broader presence in Central America, including Panama, Guatemala and El Salvador.

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