Robeco Institutional Asset Management B.V. reduced its stake in Grupo Cibest S.A. - Sponsored ADR (NYSE:CIB - Free Report) by 14.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 619,254 shares of the bank's stock after selling 107,107 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.26% of Grupo Cibest worth $28,603,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. SVB Wealth LLC purchased a new stake in Grupo Cibest in the 1st quarter valued at $45,000. Aberdeen Group plc purchased a new stake in Grupo Cibest in the 1st quarter valued at $201,000. Malaga Cove Capital LLC purchased a new stake in Grupo Cibest in the 1st quarter valued at $209,000. Aigen Investment Management LP purchased a new stake in Grupo Cibest in the 1st quarter valued at $241,000. Finally, JBF Capital Inc. purchased a new stake in Grupo Cibest in the 1st quarter valued at $241,000.
Grupo Cibest Stock Up 1.7%
CIB stock opened at $52.22 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market capitalization of $12.56 billion, a price-to-earnings ratio of 7.92, a PEG ratio of 1.02 and a beta of 0.94. Grupo Cibest S.A. - Sponsored ADR has a fifty-two week low of $30.65 and a fifty-two week high of $53.99. The stock has a fifty day moving average of $49.68 and a 200-day moving average of $44.86.
Grupo Cibest (NYSE:CIB - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The bank reported $1.79 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.13. The company had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.75 billion. Grupo Cibest had a return on equity of 19.77% and a net margin of 15.30%. As a group, equities research analysts predict that Grupo Cibest S.A. - Sponsored ADR will post 6 earnings per share for the current year.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on the company. Bank of America reaffirmed an "underperform" rating on shares of Grupo Cibest in a research report on Thursday, September 11th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Grupo Cibest in a research report on Saturday, September 27th. Finally, Zacks Research raised Grupo Cibest from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, September 24th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Grupo Cibest presently has a consensus rating of "Hold" and an average target price of $43.75.
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About Grupo Cibest
(
Free Report)
Bancolombia SA, together with its subsidiaries, provides banking products and services in Colombia and internationally. The company operates through nine segments: Banking Colombia, Banking Panama, Banking El Salvador, Banking Guatemala, Trust, Investment Banking, Brokerage, International Banking, and All Other.
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