Grupo Cibest S.A. - Sponsored ADR (NYSE:CIB) Given Average Recommendation of "Reduce" by Brokerages

Key Points

• Analyst consensus: Nine brokerages give Grupo Cibest (NYSE:CIB) an average recommendation of "Reduce" (3 sell, 5 hold, 1 buy) with a 12-month average price target of $59.20.
• Dividend risk vs yield: The company declared a quarterly dividend of $1.2182 per share (annualized $4.87) for a yield of 6.9%, but its dividend payout ratio is high at 110.93% (ex-dividend and record date Mar 31; payment Apr 13).
• Market snapshot: CIB opened at $70.64, trades in a 52-week range of $35.44–$86.31, has a market cap of about $17.0 billion and a trailing P/E of 19.3.

Grupo Cibest S.A. - Sponsored ADR (NYSE:CIB - Get Free Report) has been given an average recommendation of "Reduce" by the nine research firms that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $59.20.

A number of brokerages have issued reports on CIB. The Goldman Sachs Group raised their price target on shares of Grupo Cibest from $69.00 to $76.00 and gave the stock a "neutral" rating in a report on Wednesday, February 25th. Citigroup downgraded shares of Grupo Cibest from a "buy" rating to a "neutral" rating in a research note on Wednesday, January 21st. Weiss Ratings reissued a "buy (b-)" rating on shares of Grupo Cibest in a research note on Monday, December 29th. Santander downgraded Grupo Cibest to an "underperform" rating in a report on Wednesday, December 17th. Finally, Itau BBA Securities lowered Grupo Cibest from a "market perform" rating to an "underperform" rating and set a $68.00 price target for the company. in a research report on Thursday, February 26th.

Grupo Cibest Stock Performance

NYSE:CIB opened at $70.64 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.00 and a current ratio of 1.00. Grupo Cibest has a fifty-two week low of $35.44 and a fifty-two week high of $86.31. The firm has a market cap of $16.99 billion, a PE ratio of 19.30, a price-to-earnings-growth ratio of 1.26 and a beta of 0.83. The business has a 50 day moving average price of $74.64 and a 200-day moving average price of $64.85.

Grupo Cibest Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 13th. Investors of record on Tuesday, March 31st will be issued a dividend of $1.2182 per share. This represents a $4.87 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date is Tuesday, March 31st. Grupo Cibest's dividend payout ratio is currently 110.93%.

Institutional Trading of Grupo Cibest

Several large investors have recently added to or reduced their stakes in CIB. Vanguard Group Inc. increased its position in Grupo Cibest by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 3,089,670 shares of the bank's stock valued at $196,534,000 after purchasing an additional 67,986 shares during the period. Earnest Partners LLC boosted its stake in shares of Grupo Cibest by 8.8% during the 4th quarter. Earnest Partners LLC now owns 2,697,747 shares of the bank's stock valued at $171,604,000 after purchasing an additional 218,359 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Grupo Cibest by 6.8% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,133,425 shares of the bank's stock valued at $52,353,000 after buying an additional 72,119 shares during the period. JPMorgan Chase & Co. increased its position in shares of Grupo Cibest by 4.3% during the third quarter. JPMorgan Chase & Co. now owns 980,426 shares of the bank's stock valued at $50,923,000 after buying an additional 40,447 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC bought a new position in Grupo Cibest in the third quarter worth about $44,920,000.

About Grupo Cibest

Bancolombia SA NYSE: CIB is a leading financial institution in Colombia, offering a comprehensive suite of banking and financial services. As one of the largest universal banks in the country, the company provides retail and commercial banking, corporate and investment banking, treasury services, and wealth management solutions. Through its extensive branch network and digital platforms, Bancolombia serves individual clients, small and medium enterprises, and large corporations, focusing on convenience, innovation and customer experience.

In addition to traditional banking, Bancolombia's product portfolio includes insurance, pension fund management, leasing, factoring, brokerage and asset management.

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