Grupo Cibest S.A. - Sponsored ADR (NYSE:CIB - Get Free Report)'s stock price hit a new 52-week high on Thursday . The company traded as high as $54.10 and last traded at $53.99, with a volume of 39255 shares changing hands. The stock had previously closed at $52.78.
Wall Street Analyst Weigh In
A number of research analysts recently commented on CIB shares. Bank of America restated an "underperform" rating on shares of Grupo Cibest in a research note 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 upgraded shares of Grupo Cibest from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, September 24th. 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 given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $43.75.
Get Our Latest Stock Report on Grupo Cibest
Grupo Cibest Trading Up 3.1%
The company has a debt-to-equity ratio of 0.29, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market capitalization of $13.08 billion, a price-to-earnings ratio of 8.26, a P/E/G ratio of 1.04 and a beta of 0.94. The firm's 50-day simple moving average is $50.40 and its 200 day simple moving average is $45.14.
Grupo Cibest (NYSE:CIB - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The bank reported $1.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.66 by $0.13. Grupo Cibest had a net margin of 15.30% and a return on equity of 19.77%. The business had revenue of $1.80 billion during the quarter, compared to analysts' expectations of $1.75 billion. Equities analysts expect that Grupo Cibest S.A. - Sponsored ADR will post 6 earnings per share for the current year.
Hedge Funds Weigh In On Grupo Cibest
Hedge funds have recently added to or reduced their stakes in the stock. RWC Asset Management LLP purchased a new position in Grupo Cibest in the first quarter valued at approximately $12,536,000. Millennium Management LLC lifted its position in shares of Grupo Cibest by 527.0% during the 1st quarter. Millennium Management LLC now owns 316,877 shares of the bank's stock valued at $12,738,000 after buying an additional 266,341 shares during the last quarter. Sei Investments Co. lifted its position in shares of Grupo Cibest by 29.8% during the 2nd quarter. Sei Investments Co. now owns 863,718 shares of the bank's stock valued at $39,895,000 after buying an additional 198,228 shares during the last quarter. Candriam S.C.A. purchased a new stake in Grupo Cibest during the second quarter valued at about $8,619,000. Finally, JPMorgan Chase & Co. lifted its holdings in Grupo Cibest by 22.7% during the second quarter. JPMorgan Chase & Co. now owns 939,979 shares of the bank's stock valued at $43,418,000 after purchasing an additional 173,734 shares during the last quarter.
Grupo Cibest Company Profile
(
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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