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

Key Points

• Analysts hold a consensus “Hold” rating on Grupo Cibest, with one sell, four hold, three buy and one strong-buy recommendation. The average 12-month price target is $90.83, below the stock’s reported $101.40 opening price.
• Grupo Cibest reported quarterly EPS of $3.32, beating the $2.14 consensus estimate by $1.18, although revenue of $2.31 billion fell short of the $2.40 billion forecast.
• The company raised its quarterly dividend to $1.4438 per share, or $5.78 annualized, implying a 5.7% yield; its payout ratio is currently high at 103.7%.

Shares of Grupo Cibest S.A. - Sponsored ADR (NYSE:CIB - Get Free Report) have received a consensus recommendation of "Hold" from the nine ratings firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $90.8333.

Several brokerages have commented on CIB. JPMorgan Chase & Co. raised shares of Grupo Cibest from a "neutral" rating to an "overweight" rating and raised their price target for the company from $70.00 to $110.00 in a research report on Tuesday, August 11th. Zacks Research upgraded shares of Grupo Cibest from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 17th. Itau BBA Securities raised Grupo Cibest from a "strong sell" rating to a "market perform" rating in a report on Tuesday, May 26th. Royal Bank Of Canada set a $110.00 price target on Grupo Cibest in a report on Tuesday, August 11th. Finally, Citigroup upgraded shares of Grupo Cibest from a "hold" rating to a "buy" rating in a research report on Thursday, August 13th.

Institutional Investors Weigh In On Grupo Cibest

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of Grupo Cibest by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 3,089,670 shares of the bank's stock worth $196,534,000 after acquiring an additional 67,986 shares in the last quarter. ABN Amro Investment Solutions lifted its holdings in Grupo Cibest by 110.7% in the 4th quarter. ABN Amro Investment Solutions now owns 182,945 shares of the bank's stock worth $11,637,000 after purchasing an additional 96,109 shares during the last quarter. Bank of America Corp DE lifted its holdings in Grupo Cibest by 9.1% in the 1st quarter. Bank of America Corp DE now owns 516,834 shares of the bank's stock worth $37,631,000 after purchasing an additional 43,126 shares during the last quarter. Triasima Portfolio Management inc. boosted its position in Grupo Cibest by 32.5% during the fourth quarter. Triasima Portfolio Management inc. now owns 139,897 shares of the bank's stock worth $8,899,000 after purchasing an additional 34,280 shares during the period. Finally, Assetmark Inc. boosted its position in Grupo Cibest by 46,580.9% during the first quarter. Assetmark Inc. now owns 95,229 shares of the bank's stock worth $6,934,000 after purchasing an additional 95,025 shares during the period.

Grupo Cibest Price Performance

Shares of NYSE CIB opened at $101.40 on Monday. Grupo Cibest has a one year low of $49.18 and a one year high of $102.58. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a fifty day moving average of $86.08 and a 200 day moving average of $76.67. The firm has a market cap of $24.06 billion, a PE ratio of 19.77, a PEG ratio of 0.77 and a beta of 0.67.

Grupo Cibest (NYSE:CIB - Get Free Report) last issued its earnings results on Monday, August 10th. The bank reported $3.32 EPS for the quarter, beating analysts' consensus estimates of $2.14 by $1.18. The business had revenue of $2.31 billion during the quarter, compared to analysts' expectations of $2.40 billion. Grupo Cibest had a net margin of 10.80% and a return on equity of 20.87%. As a group, research analysts predict that Grupo Cibest will post 10.87 EPS for the current fiscal year.

Grupo Cibest Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 13th. Shareholders of record on Wednesday, September 30th will be issued a $1.4438 dividend. This represents a $5.78 annualized dividend and a yield of 5.7%. This is a positive change from Grupo Cibest's previous quarterly dividend of $1.30. The ex-dividend date of this dividend is Wednesday, September 30th. Grupo Cibest's dividend payout ratio is currently 103.70%.

Grupo Cibest Company Profile

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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