Grupo Cibest (NYSE:CIB) Stock Price Crosses Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Grupo Cibest shares crossed above their 200-day moving average, reaching $95.56 and last trading near $94.01, versus a 200-day average of $82.58.
• Analyst sentiment remains mixed: Goldman Sachs and Citigroup upgraded the stock, while JPMorgan maintained a neutral view. The consensus rating is Hold, with a target price of $90.83.
• The bank reported quarterly EPS of $3.32, beating estimates by $1.18, and paid a special dividend of $1.6324 per share; however, quarterly revenue of $2.31 billion fell short of expectations.

Shares of Grupo Cibest S.A. - Sponsored ADR (NYSE:CIB - Get Free Report) passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $82.58 and traded as high as $95.56. Grupo Cibest shares last traded at $94.0140, with a volume of 228,943 shares trading hands.

Analysts Set New Price Targets

A number of analysts have recently weighed in on CIB shares. Weiss Ratings upgraded shares of Grupo Cibest from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, August 18th. The Goldman Sachs Group upped their price target on shares of Grupo Cibest from $98.00 to $110.00 and gave the company a "buy" rating in a report on Thursday, August 13th. Citigroup raised Grupo Cibest from a "hold" rating to a "buy" rating in a research report on Thursday, August 13th. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $110.00 price objective on shares of Grupo Cibest in a research note on Wednesday, September 16th. Finally, Royal Bank Of Canada set a $110.00 price objective on Grupo Cibest in a report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Grupo Cibest currently has a consensus rating of "Hold" and a consensus target price of $90.83.

Grupo Cibest Trading Up 0.3%

The stock has a market cap of $22.31 billion, a PE ratio of 18.33, a price-to-earnings-growth ratio of 0.71 and a beta of 0.67. 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 company has a 50 day moving average of $96.65 and a two-hundred day moving average of $82.58.

Grupo Cibest (NYSE:CIB - Get Free Report) last issued its quarterly earnings data on Monday, August 10th. The bank reported $3.32 EPS for the quarter, beating the consensus estimate of $2.14 by $1.18. The company had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.40 billion. Grupo Cibest had a return on equity of 20.87% and a net margin of 10.80%. Sell-side analysts anticipate that Grupo Cibest S.A. - Sponsored ADR will post 10.87 earnings per share for the current fiscal year.

Grupo Cibest Dividend Announcement

The business also recently disclosed a special dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 8th were given a dividend of $1.6324 per share. The ex-dividend date was Tuesday, September 8th. Grupo Cibest's dividend payout ratio is currently 106.24%.

Institutional Trading of Grupo Cibest

Institutional investors and hedge funds have recently modified their holdings of the stock. Amundi lifted its position in shares of Grupo Cibest by 26.7% in the first quarter. Amundi now owns 495,535 shares of the bank's stock valued at $36,080,000 after acquiring an additional 104,280 shares in the last quarter. Assetmark Inc. raised its stake in Grupo Cibest by 46,580.9% in the 1st quarter. Assetmark Inc. now owns 95,229 shares of the bank's stock valued at $6,934,000 after purchasing an additional 95,025 shares during the last quarter. Nykredit A S purchased a new position in Grupo Cibest in the 2nd quarter valued at $5,589,000. Lesa Sroufe & Co acquired a new stake in Grupo Cibest during the 1st quarter worth $4,851,000. Finally, ABN Amro Investment Solutions grew its holdings in shares of Grupo Cibest by 36.3% during the first quarter. ABN Amro Investment Solutions now owns 249,345 shares of the bank's stock worth $18,155,000 after buying an additional 66,400 shares in the last quarter.

About Grupo Cibest

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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