Analysts Set Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) Target Price at $43.75

Shares of Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) have been given a consensus rating of “Hold” by the six analysts that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, one has given a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $43.75.

Several brokerages recently issued reports on CIB. Weiss Ratings reiterated a “buy (b-)” rating on shares of Grupo Cibest in a report on Saturday, September 27th. Zacks Research raised Grupo Cibest from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 24th. Finally, Bank of America reissued an “underperform” rating on shares of Grupo Cibest in a research report on Thursday, September 11th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd boosted its position in Grupo Cibest by 253.2% in the second quarter. Caitong International Asset Management Co. Ltd now owns 657 shares of the bank’s stock worth $30,000 after purchasing an additional 471 shares during the last quarter. SVB Wealth LLC purchased a new position in shares of Grupo Cibest during the 1st quarter valued at $45,000. Tower Research Capital LLC TRC lifted its position in shares of Grupo Cibest by 796.3% during the 2nd 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 last quarter. Aberdeen Group plc purchased a new position in shares of Grupo Cibest during the 1st quarter valued at $201,000. Finally, Corient Private Wealth LLC purchased a new position in shares of Grupo Cibest during the 2nd quarter valued at $205,000.

Grupo Cibest Trading Up 1.7%

Shares of Grupo Cibest stock opened at $52.22 on Friday. The stock has a fifty day simple moving average of $49.68 and a 200 day simple moving average of $44.89. Grupo Cibest has a 12-month low of $30.65 and a 12-month high of $53.99. The company has a market capitalization of $12.56 billion, a P/E ratio of 7.92, a price-to-earnings-growth ratio of 1.03 and a beta of 0.94. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.29.

Grupo Cibest (NYSE:CIB) last announced its quarterly earnings results on Thursday, August 7th. The bank reported $1.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.13. Grupo Cibest had a return on equity of 19.77% and a net margin of 15.30%.The business had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.75 billion. On average, sell-side analysts anticipate that Grupo Cibest will post 6 earnings per share for the current fiscal year.

About Grupo Cibest

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.