Coldstream Capital Management Inc. Raises Stock Holdings in Grupo Cibest S.A. – Sponsored ADR $CIB

Coldstream Capital Management Inc. boosted its position in shares of Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) by 790.9% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 5,372 shares of the bank’s stock after acquiring an additional 4,769 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Grupo Cibest were worth $248,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Caitong International Asset Management Co. Ltd raised its stake in shares of 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 acquired a new position in Grupo Cibest in the 1st quarter worth approximately $45,000. Aberdeen Group plc purchased a new position in Grupo Cibest during the 1st quarter worth approximately $201,000. Malaga Cove Capital LLC acquired a new stake in Grupo Cibest during the 1st quarter valued at approximately $209,000. Finally, Aigen Investment Management LP purchased a new stake in shares of Grupo Cibest in the 1st quarter valued at $241,000.

Grupo Cibest Trading Up 0.6%

CIB stock opened at $63.06 on Friday. Grupo Cibest S.A. – Sponsored ADR has a 12-month low of $31.19 and a 12-month high of $65.00. The business’s 50-day moving average is $57.26 and its 200 day moving average is $49.93. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.29. The stock has a market cap of $15.16 billion, a price-to-earnings ratio of 9.57, a PEG ratio of 1.13 and a beta of 0.95.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Zacks Research upgraded shares of Grupo Cibest from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 24th. Citigroup reiterated a “buy” rating on shares of Grupo Cibest in a research note on Monday, October 20th. JPMorgan Chase & Co. upped their target price on Grupo Cibest from $48.00 to $65.00 and gave the stock a “neutral” rating in a research note on Friday, November 21st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Grupo Cibest in a report on Monday, November 24th. Finally, Bank of America reissued an “underperform” rating on shares of Grupo Cibest in a report on Thursday, September 11th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $48.00.

Grupo Cibest 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.