Grupo Cibest (NYSE:CIB) Reaches New 52-Week High – What’s Next?

Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $65.73 and last traded at $65.01, with a volume of 61233 shares trading hands. The stock had previously closed at $64.39.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on CIB shares. Bank of America reiterated an “underperform” rating on shares of Grupo Cibest in a research note on Thursday, September 11th. Citigroup reaffirmed a “buy” rating on shares of Grupo Cibest in a research report on Monday, October 20th. JPMorgan Chase & Co. raised their price objective on Grupo Cibest from $48.00 to $65.00 and gave the stock a “neutral” rating in a research report on Friday, November 21st. Weiss Ratings restated a “buy (b-)” rating on shares of Grupo Cibest in a research note on Monday. Finally, Zacks Research upgraded shares of Grupo Cibest from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 24th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Grupo Cibest presently has an average rating of “Hold” and an average price target of $48.00.

Grupo Cibest Stock Down 0.1%

The firm has a market capitalization of $15.47 billion, a price-to-earnings ratio of 8.83, a price-to-earnings-growth ratio of 0.89 and a beta of 0.88. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.00 and a quick ratio of 1.00. The business has a fifty day moving average price of $59.06 and a two-hundred day moving average price of $51.14.

Institutional Trading of Grupo Cibest

Several large investors have recently made changes to their positions in CIB. Caitong International Asset Management Co. Ltd raised its holdings in shares of Grupo Cibest by 253.2% during the second quarter. Caitong International Asset Management Co. Ltd now owns 657 shares of the bank’s stock worth $30,000 after purchasing an additional 471 shares during the last quarter. SVB Wealth LLC purchased a new stake in Grupo Cibest in the first quarter valued at $45,000. Tower Research Capital LLC TRC grew its position 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 purchasing an additional 868 shares during the period. Westfuller Advisors LLC purchased a new position in shares of Grupo Cibest during the 3rd quarter valued at about $104,000. Finally, State of Wyoming acquired a new position in shares of Grupo Cibest in the 3rd quarter valued at about $139,000.

About Grupo Cibest

Bancolombia SA, together with its subsidiaries, provides banking products and services in Colombia and internationally. The company operates through nine segments: Banking Colombia, Banking Panama, Banking El Salvador, Banking Guatemala, Trust, Investment Banking, Brokerage, International Banking, and All Other.