Grupo Cibest S.A. - Sponsored ADR (NYSE:CIB) Receives Consensus Rating of "Hold" from Brokerages

Key Points

• Grupo Cibest S.A. has received an average consensus rating of "Hold" from six brokerages, with recommendations varying from sell to strong buy.
• Institutional investors have significantly increased their holdings in Grupo Cibest, with Caitong International increasing their stake by 253.2% and Tower Research Capital by 796.3% in the second quarter.
• The company reported earnings of $1.79 per share, surpassing estimates, and had a revenue of $1.80 billion, indicating a strong performance with a net margin of 15.30%.

Shares of Grupo Cibest S.A. - Sponsored ADR (NYSE:CIB - Get Free Report) have received an average rating of "Hold" from the six brokerages that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $43.75.

A number of equities analysts have recently issued reports on the company. Zacks Research raised Grupo Cibest from a "hold" rating to a "strong-buy" rating in a report on Wednesday, September 24th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Grupo Cibest in a report on Saturday, September 27th. Finally, Bank of America restated an "underperform" rating on shares of Grupo Cibest in a research report on Thursday, September 11th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd raised its holdings in shares of Grupo Cibest by 253.2% in the second quarter. Caitong International Asset Management Co. Ltd now owns 657 shares of the bank's stock valued at $30,000 after buying an additional 471 shares during the last quarter. Tower Research Capital LLC TRC increased its position 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 acquiring an additional 868 shares in the last quarter. SVB Wealth LLC bought a new stake in shares of Grupo Cibest during the first quarter valued at approximately $45,000. Corient Private Wealth LLC bought a new stake in shares of Grupo Cibest during the second quarter valued at approximately $205,000. Finally, West Family Investments Inc. bought a new stake in shares of Grupo Cibest during the second quarter valued at approximately $222,000.

Grupo Cibest Stock Performance

Grupo Cibest stock traded up $0.86 on Friday, hitting $52.22. The company's stock had a trading volume of 181,194 shares, compared to its average volume of 324,504. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.29. The company has a fifty day moving average price of $49.68 and a 200-day moving average price of $44.86. Grupo Cibest has a one year low of $30.65 and a one year high of $53.99. The firm has a market cap of $12.56 billion, a P/E ratio of 7.92, a price-to-earnings-growth ratio of 1.02 and a beta of 0.94.

Grupo Cibest (NYSE:CIB - Get Free Report) last issued its earnings results on Thursday, August 7th. The bank reported $1.79 earnings per share for the quarter, beating 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 net margin of 15.30% and a return on equity of 19.77%. On average, equities analysts anticipate that Grupo Cibest will post 6 earnings per share for the current year.

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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