Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) Receives $59.20 Average Target Price from Brokerages

Shares of Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) have been given an average recommendation of “Reduce” by the nine brokerages that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $66.00.

Several equities analysts have recently weighed in on the stock. UBS Group increased their price objective on shares of Grupo Cibest from $52.00 to $72.00 and gave the stock a “neutral” rating in a research note on Thursday. The Goldman Sachs Group increased their price objective on shares of Grupo Cibest from $69.00 to $76.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 25th. Weiss Ratings cut shares of Grupo Cibest from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, April 10th. Itau BBA Securities cut shares of Grupo Cibest from a “market perform” rating to an “underperform” rating and set a $68.00 price objective on the stock. in a research note on Thursday, February 26th. 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 Price Performance

CIB opened at $71.95 on Tuesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market capitalization of $17.30 billion, a P/E ratio of 19.66, a P/E/G ratio of 1.27 and a beta of 0.80. The company’s 50-day simple moving average is $72.11 and its two-hundred day simple moving average is $67.83. Grupo Cibest has a 52-week low of $39.89 and a 52-week high of $86.31.

Grupo Cibest Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 13th. Stockholders of record on Tuesday, March 31st were paid a $1.2182 dividend. This represents a $4.87 annualized dividend and a dividend yield of 6.8%. The ex-dividend date was Tuesday, March 31st. Grupo Cibest’s dividend payout ratio is 133.88%.

Hedge Funds Weigh In On Grupo Cibest

Institutional investors have recently made changes to their positions in the business. FNY Investment Advisers LLC bought a new position in shares of Grupo Cibest in the 4th quarter worth approximately $31,000. Arax Advisory Partners increased its holdings in Grupo Cibest by 2,525.0% in 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 increased its holdings in Grupo Cibest by 105.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 546 shares of the bank’s stock worth $35,000 after acquiring an additional 280 shares in the last quarter. TD Waterhouse Canada Inc. purchased a new stake in Grupo Cibest in the 4th quarter worth approximately $43,000. Finally, Tower Research Capital LLC TRC increased its holdings in Grupo Cibest by 796.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 977 shares of the bank’s stock worth $45,000 after acquiring an additional 868 shares in the last quarter.

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.