Grupo Cibest S.A. - Sponsored ADR $CIB Shares Purchased by William Blair Investment Management LLC

Key Points

• William Blair Investment Management increased its Grupo Cibest stake by 73.7% in the third quarter, adding 262,467 shares to hold 618,837 shares valued at about $57.4 million.
• Analyst views are mixed, with a consensus “Hold” rating and an average price target of $90.83. Shares recently traded at $89.78.
• Grupo Cibest reported quarterly EPS of $2.66, below the $2.87 consensus estimate, while revenue came in at $6.55 billion; the company also paid a special dividend of $1.6324 per share.

William Blair Investment Management LLC raised its position in shares of Grupo Cibest S.A. - Sponsored ADR (NYSE:CIB - Free Report) by 73.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 618,837 shares of the bank's stock after buying an additional 262,467 shares during the quarter. William Blair Investment Management LLC owned about 0.26% of Grupo Cibest worth $57,449,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of CIB. Mather Group LLC. bought a new stake in shares of Grupo Cibest in the 3rd quarter valued at approximately $60,000. Public Employees Retirement System of Ohio bought a new position in Grupo Cibest during the second quarter worth $79,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Grupo Cibest during the third quarter worth $152,000. Strategic Investment Advisors MI acquired a new position in Grupo Cibest in the first quarter worth $134,000. Finally, Sanders Morris Harris LLC acquired a new position in Grupo Cibest in the third quarter worth $238,000.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CIB. Citigroup raised shares of Grupo Cibest from a "hold" rating to a "buy" rating in a report on Thursday, August 13th. Zacks Research lowered shares of Grupo Cibest from a "strong-buy" rating to a "hold" rating in a report on Monday, October 12th. Wall Street Zen downgraded shares of Grupo Cibest from a "buy" rating to a "hold" rating in a research report on Saturday. The Goldman Sachs Group boosted their price objective on shares of Grupo Cibest from $98.00 to $110.00 and gave the company a "buy" rating in a research report on Thursday, August 13th. Finally, JPMorgan Chase & Co. lowered shares of Grupo Cibest from an "overweight" rating to a "neutral" rating and set a $110.00 price objective on the stock. in a research note on Wednesday, September 16th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $90.83.

Grupo Cibest Stock Performance

NYSE CIB traded up $1.14 during trading hours on Friday, hitting $89.78. The company had a trading volume of 482,262 shares, compared to its average volume of 289,829. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.39. The firm has a market cap of $21.30 billion, a P/E ratio of 16.00, a price-to-earnings-growth ratio of 0.70 and a beta of 0.69. Grupo Cibest S.A. - Sponsored ADR has a fifty-two week low of $59.64 and a fifty-two week high of $105.60. The business has a fifty day simple moving average of $95.55 and a 200-day simple moving average 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 net margin of 11.02% and a return on equity of 20.34%. The firm had revenue of $6.55 billion for the quarter, compared to analyst estimates of $2.47 billion. Equities analysts predict that Grupo Cibest S.A. - Sponsored ADR will post 10.59 EPS for the current year.

Grupo Cibest Announces Dividend

The company also recently declared a special dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 8th were paid a $1.6324 dividend. The ex-dividend date was Tuesday, September 8th. Grupo Cibest's dividend payout ratio (DPR) is presently 97.15%.

Grupo Cibest Company Profile

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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