Grupo Cibest’s (CIB) Buy (B) Rating Reaffirmed at Weiss Ratings

Weiss Ratings restated their buy (b) rating on shares of Grupo Cibest (NYSE:CIB) in a research report report published on Tuesday morning,Weiss Ratings reports.

Several other equities research analysts have also weighed in on CIB. Zacks Research raised Grupo Cibest from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 24th. Bank of America reissued an “underperform” rating on shares of Grupo Cibest in a report on Thursday, September 11th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $43.75.

Grupo Cibest Trading Down 0.5%

NYSE CIB opened at $54.69 on Tuesday. The stock has a market capitalization of $13.15 billion, a price-to-earnings ratio of 8.30, a PEG ratio of 1.07 and a beta of 0.94. Grupo Cibest has a one year low of $30.68 and a one year high of $55.27. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.00 and a quick ratio of 1.00. The business’s fifty day moving average is $50.98 and its 200-day moving average is $45.36.

Grupo Cibest (NYSE:CIB) last announced its quarterly earnings data on Thursday, August 7th. The bank reported $1.79 earnings per share 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 company had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.75 billion. Equities research analysts predict that Grupo Cibest will post 6 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd grew its holdings in Grupo Cibest by 253.2% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 657 shares of the bank’s stock valued at $30,000 after buying an additional 471 shares in the last quarter. SVB Wealth LLC purchased a new position in Grupo Cibest during the 1st quarter valued at about $45,000. Tower Research Capital LLC TRC grew its holdings in 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 in the last quarter. Aberdeen Group plc purchased a new position in shares of Grupo Cibest during the first quarter worth about $201,000. Finally, Corient Private Wealth LLC purchased a new position in shares of Grupo Cibest during the second quarter worth about $205,000.

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.