Grupo Cibest S.A. - Sponsored ADR (NYSE:CIB - Get Free Report) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $55.35 and last traded at $54.97, with a volume of 10368 shares. The stock had previously closed at $54.55.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on the company. Bank of America reiterated an "underperform" rating on shares of Grupo Cibest in a research report on Thursday, September 11th. Weiss Ratings restated a "buy (b)" rating on shares of Grupo Cibest in a research note on Tuesday. Finally, Zacks Research upgraded Grupo Cibest from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, September 24th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $43.75.
View Our Latest Stock Report on Grupo Cibest
Grupo Cibest Price Performance
The stock has a fifty day simple moving average of $50.98 and a two-hundred day simple moving average of $45.36. The company has a market cap of $13.27 billion, a PE ratio of 8.37, a price-to-earnings-growth ratio of 1.07 and a beta of 0.94. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.29.
Grupo Cibest (NYSE:CIB - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The bank reported $1.79 EPS for the quarter, topping the consensus estimate of $1.66 by $0.13. The business had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.75 billion. Grupo Cibest had a return on equity of 19.77% and a net margin of 15.30%. On average, equities analysts predict that Grupo Cibest S.A. - Sponsored ADR will post 6 EPS for the current fiscal year.
Institutional Investors Weigh In On Grupo Cibest
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Corient Private Wealth LLC purchased a new stake in Grupo Cibest in the 2nd quarter valued at approximately $205,000. Osaic Holdings Inc. lifted its stake in Grupo Cibest by 21.6% in the 2nd quarter. Osaic Holdings Inc. now owns 5,200 shares of the bank's stock valued at $240,000 after buying an additional 925 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in Grupo Cibest by 796.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 977 shares of the bank's stock valued at $45,000 after buying an additional 868 shares in the last quarter. Man Group plc purchased a new stake in Grupo Cibest in the 2nd quarter valued at approximately $2,224,000. Finally, Engineers Gate Manager LP lifted its stake in Grupo Cibest by 142.3% in the 2nd quarter. Engineers Gate Manager LP now owns 71,492 shares of the bank's stock valued at $3,302,000 after buying an additional 41,986 shares in the last quarter.
About Grupo Cibest
(
Get 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.
Further Reading
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