Grupo Cibest (NYSE:CIB) Given New $76.00 Price Target at The Goldman Sachs Group

Grupo Cibest (NYSE:CIB) had its price target increased by The Goldman Sachs Group from $69.00 to $76.00 in a research note issued to investors on Wednesday,Benzinga reports. They currently have a neutral rating on the bank’s stock.

A number of other analysts also recently issued reports on the company. Zacks Research downgraded Grupo Cibest from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 20th. Citigroup cut shares of Grupo Cibest from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 21st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Grupo Cibest in a report on Monday, December 29th. JPMorgan Chase & Co. raised their price target on shares of Grupo Cibest from $48.00 to $65.00 and gave the stock a “neutral” rating in a report on Friday, November 21st. Finally, Santander cut Grupo Cibest to an “underperform” rating in a report on Wednesday, December 17th. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $57.00.

Grupo Cibest Stock Down 1.7%

CIB stock opened at $74.43 on Wednesday. The company has a market cap of $17.90 billion, a price-to-earnings ratio of 10.22, a PEG ratio of 0.92 and a beta of 0.79. The firm has a 50-day moving average of $73.92 and a two-hundred day moving average of $62.22. Grupo Cibest has a 12 month low of $35.44 and a 12 month high of $86.31. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.26.

Institutional Investors Weigh In On Grupo Cibest

A number of institutional investors have recently modified their holdings of the company. FNY Investment Advisers LLC purchased a new position in Grupo Cibest during the 4th quarter valued at about $31,000. Arax Advisory Partners boosted its stake in shares of Grupo Cibest by 2,525.0% in the fourth quarter. Arax Advisory Partners now owns 525 shares of the bank’s stock valued at $33,000 after purchasing an additional 505 shares during the period. Smartleaf Asset Management LLC grew its holdings in shares of Grupo Cibest by 105.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 546 shares of the bank’s stock valued at $35,000 after purchasing an additional 280 shares in the last quarter. TD Waterhouse Canada Inc. acquired a new position in shares of Grupo Cibest in the fourth quarter valued at approximately $43,000. Finally, Tower Research Capital LLC TRC increased its stake in Grupo Cibest by 796.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 977 shares of the bank’s stock worth $45,000 after buying an additional 868 shares during the period.

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.