Grupo Cibest (NYSE:CIB) Stock Breaks Above Two Hundred Day Moving Average - What's Next?

Key Points

• Grupo Cibest shares broke above their 200-day moving average, reaching $94.53 and last trading near $93.99 versus the $81.30 long-term average.
• Analyst sentiment remains mixed: Zacks upgraded the stock to “strong buy,” Goldman Sachs issued a “buy” rating and raised its target to $110, while the broader consensus is still “Hold” with an average target of $90.83.
• The bank reported strong quarterly earnings of $3.32 per share, beating estimates by $1.18, and paid a special $1.6324 dividend; however, its payout ratio stood at a high 103.70%.

Shares of Grupo Cibest S.A. - Sponsored ADR (NYSE:CIB - Get Free Report) crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $81.30 and traded as high as $94.53. Grupo Cibest shares last traded at $93.9890, with a volume of 358,098 shares trading hands.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CIB. Zacks Research raised Grupo Cibest from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 17th. Weiss Ratings raised Grupo Cibest from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, August 18th. Royal Bank Of Canada set a $110.00 target price on Grupo Cibest in a report on Tuesday, August 11th. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $110.00 price target on shares of Grupo Cibest in a research report on Wednesday, September 16th. Finally, The Goldman Sachs Group raised their price target on shares of Grupo Cibest from $98.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Grupo Cibest has an average rating of "Hold" and an average target price of $90.83.

Grupo Cibest Price Performance

The company has a market capitalization of $22.30 billion, a PE ratio of 18.32, a P/E/G ratio of 0.70 and a beta of 0.65. 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 stock has a 50 day moving average price of $95.89 and a two-hundred day moving average price of $81.30.

Grupo Cibest (NYSE:CIB - Get Free Report) last announced its quarterly earnings results on Monday, August 10th. The bank reported $3.32 EPS for the quarter, beating the consensus estimate of $2.14 by $1.18. Grupo Cibest had a return on equity of 20.87% and a net margin of 10.80%.The business had revenue of $2.31 billion during the quarter, compared to analysts' expectations of $2.40 billion. Equities analysts forecast that Grupo Cibest S.A. - Sponsored ADR will post 10.87 earnings per share for the current year.

Grupo Cibest Announces Dividend

The firm also recently announced a special dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 8th were given a $1.6324 dividend. The ex-dividend date of this dividend was Tuesday, September 8th. Grupo Cibest's payout ratio is currently 103.70%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. V Square Quantitative Management LLC lifted its position in shares of Grupo Cibest by 24.0% in the first quarter. V Square Quantitative Management LLC now owns 2,492 shares of the bank's stock worth $181,000 after buying an additional 482 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Grupo Cibest by 5.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 13,596 shares of the bank's stock valued at $990,000 after acquiring an additional 677 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Grupo Cibest in the 2nd quarter valued at approximately $79,000. QRG Capital Management Inc. raised its stake in shares of Grupo Cibest by 6.5% in the 2nd quarter. QRG Capital Management Inc. now owns 17,479 shares of the bank's stock valued at $1,388,000 after acquiring an additional 1,070 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in Grupo Cibest by 29.9% in the 1st quarter. First Trust Advisors LP now owns 4,819 shares of the bank's stock worth $351,000 after purchasing an additional 1,110 shares during the last quarter.

Grupo Cibest Company Profile

Grupo Cibest SA is a Colombia-based financial services holding company formerly known as Bancolombia SA The company operates through a diversified financial-services platform focused on serving individuals, businesses, corporations and institutional clients.

Its businesses include commercial and consumer banking, savings and checking accounts, lending, credit cards, payments, leasing, investment banking, brokerage, fiduciary services, asset management and insurance. Through its subsidiaries and digital channels, Grupo Cibest provides financial products and services to retail customers, small and midsize businesses, and large corporations.

The company has its principal operations in Colombia and a broader presence in Central America, including Panama, Guatemala and El Salvador.

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