Weiss Ratings Reaffirms "Buy (B)" Rating for Grupo Cibest (NYSE:CIB)

Key Points

• Weiss Ratings has reaffirmed a "Buy (B)" rating for Grupo Cibest (NYSE:CIB), indicating confidence in the stock's potential.
• The stock has a current market value of $13.24 billion and has experienced a price range of $30.68 to $55.27 over the past year.
• Grupo Cibest reported a net margin of 15.30% and a return on equity of 19.77% in its most recent quarterly earnings, with an EPS of $1.79, surpassing expectations.

Grupo Cibest (NYSE:CIB - Get Free Report)'s stock had its "buy (b)" rating reiterated by equities research analysts at Weiss Ratings in a research note issued on Tuesday,Weiss Ratings reports.

A number of other research analysts also recently commented on the company. Bank of America reiterated an "underperform" rating on shares of Grupo Cibest in a research report on Thursday, September 11th. Zacks Research upgraded Grupo Cibest from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, September 24th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $43.75.

Grupo Cibest Stock Performance

Shares of NYSE CIB traded up $0.11 during midday trading on Tuesday, hitting $55.07. 154,193 shares of the company's stock traded hands, compared to its average volume of 376,215. Grupo Cibest has a 1 year low of $30.68 and a 1 year high of $55.27. The stock has a market capitalization of $13.24 billion, a price-to-earnings ratio of 8.35, a price-to-earnings-growth ratio of 1.04 and a beta of 0.94. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a fifty day moving average of $50.78 and a 200 day moving average of $45.29.

Grupo Cibest (NYSE:CIB - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The bank reported $1.79 EPS for the quarter, beating the consensus estimate of $1.66 by $0.13. Grupo Cibest had a net margin of 15.30% and a return on equity of 19.77%. The firm had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.75 billion. On average, analysts forecast that Grupo Cibest will post 6 earnings per share for the current year.

Institutional Trading of Grupo Cibest

A number of hedge funds and other institutional investors have recently bought and sold shares of CIB. Corient Private Wealth LLC purchased a new position in shares of Grupo Cibest during the second quarter valued at $205,000. Osaic Holdings Inc. increased its stake in shares of Grupo Cibest by 21.6% during the second quarter. Osaic Holdings Inc. now owns 5,200 shares of the bank's stock valued at $240,000 after buying an additional 925 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of Grupo Cibest by 796.3% during the second quarter. Tower Research Capital LLC TRC now owns 977 shares of the bank's stock valued at $45,000 after buying an additional 868 shares during the period. Man Group plc purchased a new position in shares of Grupo Cibest during the second quarter valued at $2,224,000. Finally, Engineers Gate Manager LP increased its stake in shares of Grupo Cibest by 142.3% during the second quarter. Engineers Gate Manager LP now owns 71,492 shares of the bank's stock valued at $3,302,000 after buying an additional 41,986 shares during the period.

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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