Grupo Cibest S.A. – Sponsored ADR $CIB Shares Sold by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. trimmed its stake in Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) by 40.8% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 60,378 shares of the bank’s stock after selling 41,659 shares during the period. Deprince Race & Zollo Inc.’s holdings in Grupo Cibest were worth $3,136,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd raised 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 valued at $30,000 after purchasing an additional 471 shares during the period. Tower Research Capital LLC TRC grew its stake in shares of Grupo Cibest by 796.3% in 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 in the last quarter. Blue Trust Inc. raised its holdings in shares of Grupo Cibest by 298.1% in the 3rd quarter. Blue Trust Inc. now owns 3,121 shares of the bank’s stock valued at $162,000 after buying an additional 2,337 shares during the period. Corient Private Wealth LLC acquired a new position in Grupo Cibest during the 2nd quarter worth about $205,000. Finally, West Family Investments Inc. purchased a new position in Grupo Cibest during the 2nd quarter valued at about $222,000.

Grupo Cibest Stock Up 1.4%

Shares of Grupo Cibest stock opened at $65.22 on Monday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.26. Grupo Cibest S.A. – Sponsored ADR has a 52-week low of $31.19 and a 52-week high of $65.73. The company has a market capitalization of $15.68 billion, a P/E ratio of 8.96, a P/E/G ratio of 0.84 and a beta of 0.88. The company has a 50 day moving average of $61.34 and a 200 day moving average of $52.96.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on CIB shares. Santander lowered shares of Grupo Cibest to an “underperform” rating in a research note on Wednesday, December 17th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Grupo Cibest in a research note on Monday, December 22nd. Bank of America reiterated an “underperform” rating on shares of Grupo Cibest in a report on Thursday, September 11th. Citigroup restated a “buy” rating on shares of Grupo Cibest in a research note on Monday, October 20th. Finally, JPMorgan Chase & Co. upped their price objective on Grupo Cibest from $48.00 to $65.00 and gave the stock a “neutral” rating in a research report on Friday, November 21st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $48.00.

Grupo Cibest Company Profile

Bancolombia SA (NYSE: CIB) is a leading financial institution in Colombia, offering a comprehensive suite of banking and financial services. As one of the largest universal banks in the country, the company provides retail and commercial banking, corporate and investment banking, treasury services, and wealth management solutions. Through its extensive branch network and digital platforms, Bancolombia serves individual clients, small and medium enterprises, and large corporations, focusing on convenience, innovation and customer experience.

In addition to traditional banking, Bancolombia’s product portfolio includes insurance, pension fund management, leasing, factoring, brokerage and asset management.