Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) Receives $55.25 Consensus Target Price from Brokerages

Shares of Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) have been assigned a consensus rating of “Reduce” from the eight ratings firms that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $55.25.

Several equities analysts recently issued reports on the company. Santander cut Grupo Cibest to an “underperform” rating in a research report on Wednesday, December 17th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Grupo Cibest in a report on Monday, December 29th. Citigroup cut Grupo Cibest from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 21st. JPMorgan Chase & Co. boosted their target price on Grupo Cibest from $48.00 to $65.00 and gave the stock a “neutral” rating in a research report on Friday, November 21st. Finally, Zacks Research cut shares of Grupo Cibest from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 20th.

Grupo Cibest Stock Performance

Shares of CIB stock opened at $78.34 on Thursday. The company has a market capitalization of $18.84 billion, a price-to-earnings ratio of 10.76, a price-to-earnings-growth ratio of 0.95 and a beta of 0.79. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.00 and a current ratio of 1.00. Grupo Cibest has a one year low of $35.44 and a one year high of $86.31. The company’s 50-day moving average is $70.07 and its 200 day moving average is $59.18.

Institutional Investors Weigh In On Grupo Cibest

Large investors have recently added to or reduced their stakes in the stock. Signaturefd LLC increased its holdings in Grupo Cibest by 5.3% in the 4th quarter. Signaturefd LLC now owns 4,905 shares of the bank’s stock valued at $312,000 after acquiring an additional 248 shares during the last quarter. Ballentine Partners LLC grew its position in shares of Grupo Cibest by 2.1% during the fourth quarter. Ballentine Partners LLC now owns 16,229 shares of the bank’s stock valued at $1,032,000 after purchasing an additional 332 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Grupo Cibest by 39.8% during the fourth quarter. GAMMA Investing LLC now owns 1,321 shares of the bank’s stock valued at $84,000 after purchasing an additional 376 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Grupo Cibest by 9.0% in the third quarter. Ameriprise Financial Inc. now owns 4,855 shares of the bank’s stock worth $252,000 after purchasing an additional 399 shares during the last quarter. Finally, R Squared Ltd lifted its position in shares of Grupo Cibest by 7.1% in the third quarter. R Squared Ltd now owns 6,373 shares of the bank’s stock worth $331,000 after buying an additional 420 shares in the last quarter.

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.