Grupo Cibest S.A. - Sponsored ADR $CIB Stock Sold by Lesa Sroufe & Co

Key Points

• Lesa Sroufe & Co reduced its Grupo Cibest stake by 52.6% in the third quarter, selling 36,196 shares and retaining 32,601 shares valued at approximately $3.03 million.
• Grupo Cibest reported quarterly EPS of $3.32, exceeding analyst expectations of $2.14, while revenue reached $2.31 billion. The company also paid a special dividend of $1.6324 per share.
• Analyst sentiment remains mixed: the stock has a consensus “Hold” rating and an average price target of $90.83, despite several upgrades and price targets as high as $110.

Lesa Sroufe & Co cut its holdings in Grupo Cibest S.A. - Sponsored ADR (NYSE:CIB - Free Report) by 52.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,601 shares of the bank's stock after selling 36,196 shares during the quarter. Grupo Cibest makes up 2.0% of Lesa Sroufe & Co's holdings, making the stock its 22nd biggest holding. Lesa Sroufe & Co's holdings in Grupo Cibest were worth $3,027,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Bank of America Corp DE raised its stake in Grupo Cibest by 9.1% during the first quarter. Bank of America Corp DE now owns 516,834 shares of the bank's stock worth $37,631,000 after acquiring an additional 43,126 shares in the last quarter. Amundi boosted its stake in shares of Grupo Cibest by 26.7% in the 1st quarter. Amundi now owns 495,535 shares of the bank's stock valued at $36,080,000 after purchasing an additional 104,280 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Grupo Cibest by 0.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 434,635 shares of the bank's stock valued at $31,599,000 after purchasing an additional 2,132 shares during the last quarter. ABN Amro Investment Solutions grew its holdings in shares of Grupo Cibest by 36.3% during the 1st quarter. ABN Amro Investment Solutions now owns 249,345 shares of the bank's stock valued at $18,155,000 after purchasing an additional 66,400 shares during the last quarter. Finally, Triasima Portfolio Management inc. grew its holdings in shares of Grupo Cibest by 14.7% during the 3rd quarter. Triasima Portfolio Management inc. now owns 141,201 shares of the bank's stock valued at $13,111,000 after purchasing an additional 18,050 shares during the last quarter.

Grupo Cibest Trading Up 0.2%

Shares of CIB stock opened at $92.17 on Tuesday. The stock has a market cap of $21.87 billion, a price-to-earnings ratio of 10.65, a PEG ratio of 0.72 and a beta of 0.67. The stock has a 50-day moving average of $96.88 and a 200-day moving average of $81.98. 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 S.A. - Sponsored ADR has a 1-year low of $56.60 and a 1-year high of $105.60.

Grupo Cibest (NYSE:CIB - Get Free Report) last posted its quarterly earnings data on Monday, August 10th. The bank reported $3.32 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $2.40 billion. On average, equities research analysts forecast that Grupo Cibest S.A. - Sponsored ADR will post 10.87 earnings per share for the current year.

Grupo Cibest Announces Dividend

The company also recently declared a special dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 8th were given a $1.6324 dividend. The ex-dividend date was Tuesday, September 8th. Grupo Cibest's payout ratio is 106.24%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on CIB shares. Weiss Ratings raised shares of Grupo Cibest from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, October 8th. Wall Street Zen raised shares of Grupo Cibest to a "buy" rating in a research note on Saturday, October 17th. The Goldman Sachs Group boosted their target price on shares of Grupo Cibest from $98.00 to $110.00 and gave the stock a "buy" rating in a research note on Thursday, August 13th. Royal Bank Of Canada set a $110.00 price target on shares of Grupo Cibest in a report on Tuesday, August 11th. Finally, JPMorgan Chase & Co. cut Grupo Cibest from an "overweight" rating to a "neutral" rating and set a $110.00 price target for the company. in a research note on Wednesday, September 16th. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $90.83.

Grupo Cibest Profile

Grupo Cibest SA is a Colombia-based financial services holding company whose principal business is conducted through Bancolombia and related subsidiaries. The group provides banking and financial solutions to individuals, businesses, institutions and governments, with activities spanning commercial banking, consumer finance, corporate banking, investment banking, wealth management, insurance and payments.

Its offerings include deposit accounts, loans, credit cards, cash-management services, investment products, trust and fiduciary services, foreign-exchange solutions and digital financial tools.

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