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

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

Several research firms have weighed in on CIB. The Goldman Sachs Group lifted their target price on Grupo Cibest from $69.00 to $76.00 and gave the stock a “neutral” rating in a report on Wednesday, February 25th. Citigroup cut Grupo Cibest from a “buy” rating to a “neutral” rating in a report on Wednesday, January 21st. Zacks Research downgraded shares of Grupo Cibest from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 20th. Itau BBA Securities lowered shares of Grupo Cibest from a “market perform” rating to an “underperform” rating and set a $68.00 price target on the stock. in a research note on Thursday, February 26th. Finally, Santander downgraded shares of Grupo Cibest to an “underperform” rating in a research report on Wednesday, December 17th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. FNY Investment Advisers LLC acquired a new stake in Grupo Cibest in the 4th quarter valued at approximately $31,000. Arax Advisory Partners grew its stake in shares of 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 acquiring an additional 505 shares in the last quarter. Smartleaf Asset Management LLC raised 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 during the last quarter. TD Waterhouse Canada Inc. bought a new stake in shares of Grupo Cibest in the fourth quarter worth $43,000. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in Grupo Cibest by 89.2% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 753 shares of the bank’s stock worth $48,000 after purchasing an additional 355 shares during the last quarter.

Grupo Cibest Stock Down 0.0%

Shares of NYSE:CIB opened at $69.95 on Friday. The company has a 50 day moving average price of $74.53 and a two-hundred day moving average price of $65.13. The company has a market capitalization of $16.82 billion, a PE ratio of 19.11, a PEG ratio of 1.20 and a beta of 0.83. Grupo Cibest has a 52 week low of $35.44 and a 52 week high of $86.31. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 13th. Shareholders of record on Tuesday, March 31st will be paid a $1.2182 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $4.87 annualized dividend and a dividend yield of 7.0%. Grupo Cibest’s dividend payout ratio (DPR) is currently 110.93%.

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.