Brokerages Set Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) PT at $48.00

Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) has been given an average recommendation of “Hold” by the nine ratings firms that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $54.80.

Several brokerages have recently issued reports on CIB. The Goldman Sachs Group raised shares of Grupo Cibest from a “sell” rating to a “neutral” rating and boosted their price target for the company from $49.00 to $69.00 in a report on Tuesday. Citigroup reissued a “buy” rating on shares of Grupo Cibest in a research note on Monday, October 20th. Weiss Ratings restated a “buy (b-)” rating on shares of Grupo Cibest in a report on Monday, December 29th. Zacks Research upgraded Grupo Cibest from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 24th. Finally, JPMorgan Chase & Co. increased 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.

Institutional Investors Weigh In On Grupo Cibest

Several institutional investors have recently added to or reduced their stakes in CIB. Grove Bank & Trust bought a new position in Grupo Cibest during the 4th quarter worth about $97,000. Tuttle Capital Management LLC acquired a new stake in Grupo Cibest in the 4th quarter valued at approximately $226,000. GAMMA Investing LLC lifted its stake in Grupo Cibest by 39.8% in the 4th quarter. GAMMA Investing LLC now owns 1,321 shares of the bank’s stock valued at $84,000 after acquiring an additional 376 shares in the last quarter. Mirabella Financial Services LLP acquired a new position in Grupo Cibest during the 3rd quarter worth approximately $820,000. Finally, JPMorgan Chase & Co. grew its stake in shares of Grupo Cibest by 4.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 980,426 shares of the bank’s stock worth $50,923,000 after acquiring an additional 40,447 shares in the last quarter.

Grupo Cibest Stock Up 3.0%

Grupo Cibest stock opened at $73.08 on Friday. The firm has a market capitalization of $17.57 billion, a price-to-earnings ratio of 10.04, a PEG ratio of 0.88 and a beta of 0.81. The company’s 50 day simple moving average is $63.86 and its 200 day simple moving average is $54.95. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.00 and a quick ratio of 1.00. Grupo Cibest has a fifty-two week low of $31.78 and a fifty-two week high of $73.19.

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.