Triasima Portfolio Management inc. Buys 60,680 Shares of Grupo Cibest S.A. - Sponsored ADR $CIB

Key Points

• Triasima Portfolio Management Inc. significantly increased its holdings in Grupo Cibest S.A., acquiring an additional 60,680 shares during the 2nd quarter, bringing its total stake to 104,655 shares valued at approximately $4.83 million.
• The stock of Grupo Cibest has a current market cap of $12.49 billion and a P/E ratio of 7.88, with its shares recently trading down 0.4% to $51.94.
• Analysts have mixed views on the stock, with ratings ranging from "Strong Buy" to "Underperform," but the consensus rating is a **"Hold"** with a target price of $43.75.

Triasima Portfolio Management inc. increased its stake in shares of Grupo Cibest S.A. - Sponsored ADR (NYSE:CIB - Free Report) by 138.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 104,655 shares of the bank's stock after acquiring an additional 60,680 shares during the period. Triasima Portfolio Management inc.'s holdings in Grupo Cibest were worth $4,834,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Measured Wealth Private Client Group LLC increased its position in Grupo Cibest by 7.9% during the first quarter. Measured Wealth Private Client Group LLC now owns 9,548 shares of the bank's stock worth $384,000 after buying an additional 700 shares during the last quarter. Ballentine Partners LLC increased its position in Grupo Cibest by 5.2% during the second quarter. Ballentine Partners LLC now owns 16,074 shares of the bank's stock worth $742,000 after buying an additional 795 shares during the last quarter. US Bancorp DE increased its position in Grupo Cibest by 14.3% during the first quarter. US Bancorp DE now owns 6,394 shares of the bank's stock worth $257,000 after buying an additional 800 shares during the last quarter. SVB Wealth LLC acquired a new position in Grupo Cibest during the first quarter worth approximately $45,000. Finally, QRG Capital Management Inc. increased its position in Grupo Cibest by 9.4% during the first quarter. QRG Capital Management Inc. now owns 15,840 shares of the bank's stock worth $637,000 after buying an additional 1,364 shares during the last quarter.

Grupo Cibest Trading Down 0.4%

Shares of CIB stock opened at $51.94 on Wednesday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.29. The stock has a market cap of $12.49 billion, a P/E ratio of 7.88, a price-to-earnings-growth ratio of 1.03 and a beta of 0.94. The stock has a 50 day simple moving average of $50.00 and a 200 day simple moving average of $45.01. Grupo Cibest S.A. - Sponsored ADR has a 1 year low of $30.65 and a 1 year high of $53.99.

Grupo Cibest (NYSE:CIB - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The bank reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.13. Grupo Cibest had a return on equity of 19.77% and a net margin of 15.30%.The business had revenue of $1.80 billion during the quarter, compared to analysts' expectations of $1.75 billion. On average, research analysts predict that Grupo Cibest S.A. - Sponsored ADR will post 6 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on CIB shares. Bank of America reissued an "underperform" rating on shares of Grupo Cibest in a research report on Thursday, September 11th. Zacks Research raised Grupo Cibest from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, September 24th. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Grupo Cibest in a research report on Saturday, September 27th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, Grupo Cibest has a consensus rating of "Hold" and a consensus target price of $43.75.

Grupo Cibest Company Profile

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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