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 been given a consensus recommendation of “Reduce” by the nine analysts that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $66.00.

CIB has been the topic of several analyst reports. Zacks Research downgraded Grupo Cibest from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 20th. Itau BBA Securities cut Grupo Cibest from a “market perform” rating to an “underperform” rating and set a $68.00 price objective for the company. in a report on Thursday, February 26th. UBS Group upped their price objective on Grupo Cibest from $52.00 to $72.00 and gave the company a “neutral” rating in a research report on Thursday. Citigroup downgraded Grupo Cibest from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 21st. Finally, Weiss Ratings downgraded Grupo Cibest from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday.

Hedge Funds Weigh In On Grupo Cibest

Several hedge funds have recently bought and sold shares of the business. Ieq Capital LLC grew its position in shares of Grupo Cibest by 2.6% during the 4th quarter. Ieq Capital LLC now owns 7,961 shares of the bank’s stock worth $506,000 after buying an additional 205 shares in the last quarter. Signaturefd LLC grew its position in shares of Grupo Cibest by 5.3% during the 4th quarter. Signaturefd LLC now owns 4,905 shares of the bank’s stock worth $312,000 after buying an additional 248 shares in the last quarter. Smartleaf Asset Management LLC grew its position in shares of Grupo Cibest by 105.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 546 shares of the bank’s stock worth $35,000 after buying an additional 280 shares in the last quarter. Ballentine Partners LLC grew its position in shares of Grupo Cibest by 2.1% during the 4th quarter. Ballentine Partners LLC now owns 16,229 shares of the bank’s stock worth $1,032,000 after buying an additional 332 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its position in shares of Grupo Cibest by 89.2% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 753 shares of the bank’s stock worth $48,000 after buying an additional 355 shares in the last quarter.

Grupo Cibest Stock Performance

NYSE CIB opened at $69.56 on Tuesday. The company has a market cap of $16.73 billion, a P/E ratio of 19.01, a P/E/G ratio of 1.24 and a beta of 0.80. 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 business’s 50 day moving average price is $71.85 and its 200-day moving average price is $68.29. Grupo Cibest has a fifty-two week low of $39.89 and a fifty-two week high of $86.31.

Grupo Cibest Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 13th. Shareholders of record on Tuesday, March 31st were given a $1.2182 dividend. This represents a $4.87 annualized dividend and a yield of 7.0%. The ex-dividend date of this dividend was Tuesday, March 31st. Grupo Cibest’s dividend payout ratio is 133.61%.

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.