Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) Given Average Rating of “Reduce” by Analysts

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

Several equities research analysts recently weighed in on the company. Itau BBA Securities cut 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. The Goldman Sachs Group boosted their target price on shares of Grupo Cibest from $69.00 to $76.00 and gave the company a “neutral” rating in a report on Wednesday, February 25th. Citigroup lowered shares of Grupo Cibest from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 21st. Weiss Ratings reissued a “buy (b-)” rating on shares of Grupo Cibest in a research note on Monday, December 29th. Finally, Santander cut shares of Grupo Cibest to an “underperform” rating in a report on Wednesday, December 17th.

Grupo Cibest Price Performance

CIB opened at $65.49 on Monday. The stock’s 50 day moving average price is $74.38 and its 200-day moving average price is $63.00. Grupo Cibest has a 52-week low of $35.44 and a 52-week high of $86.31. The stock has a market capitalization of $15.75 billion, a PE ratio of 17.89, a price-to-earnings-growth ratio of 1.13 and a beta of 0.83. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.00 and a current ratio of 1.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Millennium Management LLC grew its stake in shares of Grupo Cibest by 527.0% in the first quarter. Millennium Management LLC now owns 316,877 shares of the bank’s stock worth $12,738,000 after acquiring an additional 266,341 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Grupo Cibest by 62.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 142,018 shares of the bank’s stock valued at $5,709,000 after purchasing an additional 54,497 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of Grupo Cibest in the second quarter worth approximately $445,000. Stokes Family Office LLC grew its holdings in shares of Grupo Cibest by 3.6% during the second quarter. Stokes Family Office LLC now owns 43,290 shares of the bank’s stock valued at $2,000,000 after buying an additional 1,500 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in Grupo Cibest by 10.7% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 195,129 shares of the bank’s stock worth $9,013,000 after acquiring an additional 18,848 shares during the last quarter.

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.