Brokerages Set Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) Target Price at $59.20

Shares of Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) have earned an average recommendation of “Reduce” from the nine ratings firms that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $59.20.

CIB has been the topic of several research reports. Santander downgraded Grupo Cibest to an “underperform” rating in a report on Wednesday, December 17th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Grupo Cibest in a research note on Monday, December 29th. Zacks Research lowered Grupo Cibest from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 20th. Itau BBA Securities downgraded shares of Grupo Cibest from a “market perform” rating to an “underperform” rating and set a $68.00 target price on the stock. in a research report on Thursday, February 26th. Finally, The Goldman Sachs Group lifted their price target on shares of Grupo Cibest from $69.00 to $76.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 25th.

Grupo Cibest Trading Up 1.2%

Shares of NYSE CIB opened at $67.09 on Monday. Grupo Cibest has a 1-year low of $35.44 and a 1-year high of $86.31. The company has a 50-day moving average of $74.36 and a two-hundred day moving average of $62.87. The company has a market cap of $16.13 billion, a PE ratio of 18.33, a P/E/G ratio of 1.15 and a beta of 0.83. 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 Trading of Grupo Cibest

Several institutional investors and hedge funds have recently made changes to their positions in the business. FNY Investment Advisers LLC acquired a new stake in shares of Grupo Cibest during the fourth quarter worth about $31,000. Arax Advisory Partners raised its holdings in Grupo Cibest by 2,525.0% during the 4th quarter. Arax Advisory Partners now owns 525 shares of the bank’s stock worth $33,000 after buying an additional 505 shares during the period. Smartleaf Asset Management LLC lifted its stake in 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 buying an additional 280 shares in the last quarter. TD Waterhouse Canada Inc. bought a new stake in shares of Grupo Cibest during the fourth quarter worth $43,000. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Grupo Cibest by 796.3% during the second quarter. Tower Research Capital LLC TRC now owns 977 shares of the bank’s stock worth $45,000 after acquiring an additional 868 shares during the period.

About Grupo Cibest

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.