Swedbank AB Has $1.36 Million Stake in Grupo Cibest S.A. – Sponsored ADR $CIB

Swedbank AB decreased its holdings in shares of Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) by 31.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,300 shares of the bank’s stock after selling 9,900 shares during the quarter. Swedbank AB’s holdings in Grupo Cibest were worth $1,355,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of CIB. FNY Investment Advisers LLC acquired a new position in Grupo Cibest during the fourth quarter valued at approximately $31,000. TD Waterhouse Canada Inc. acquired a new position in Grupo Cibest during the fourth quarter valued at approximately $43,000. Tower Research Capital LLC TRC grew its holdings in Grupo Cibest by 796.3% during the second quarter. Tower Research Capital LLC TRC now owns 977 shares of the bank’s stock valued at $45,000 after purchasing an additional 868 shares during the period. GAMMA Investing LLC grew its holdings in Grupo Cibest by 39.8% during the fourth quarter. GAMMA Investing LLC now owns 1,321 shares of the bank’s stock valued at $84,000 after purchasing an additional 376 shares during the period. Finally, Grove Bank & Trust acquired a new position in Grupo Cibest during the fourth quarter valued at approximately $97,000.

Analysts Set New Price Targets

CIB has been the subject of several research analyst reports. UBS Group upped their price target on shares of Grupo Cibest from $52.00 to $72.00 and gave the company a “neutral” rating in a report on Thursday, April 23rd. Citigroup cut shares of Grupo Cibest from a “buy” rating to a “neutral” rating in a report on Wednesday, January 21st. Zacks Research lowered shares of Grupo Cibest from a “strong-buy” rating to a “hold” rating in a research 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 objective on the stock. in a research report on Thursday, February 26th. Finally, Weiss Ratings lowered shares of Grupo Cibest from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, April 24th. Six analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $66.00.

Grupo Cibest Trading Up 0.0%

Shares of Grupo Cibest stock opened at $65.30 on Monday. The company has a market capitalization of $15.70 billion, a price-to-earnings ratio of 18.14, a PEG ratio of 0.95 and a beta of 0.71. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.41. Grupo Cibest S.A. – Sponsored ADR has a 12-month low of $40.26 and a 12-month high of $86.31. The firm’s 50-day moving average price is $70.47 and its two-hundred day moving average price is $68.79.

Grupo Cibest (NYSE:CIB) last posted its earnings results on Monday, May 4th. The bank reported $1.62 EPS for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.22). The company had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $2.04 billion. Grupo Cibest had a return on equity of 23.86% and a net margin of 8.41%. On average, analysts forecast that Grupo Cibest S.A. – Sponsored ADR will post 9.07 earnings per share for the current fiscal year.

Grupo Cibest Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 13th. Stockholders of record on Tuesday, March 31st were issued a $1.2182 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $4.87 dividend on an annualized basis and a dividend yield of 7.5%. Grupo Cibest’s dividend payout ratio is 136.11%.

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.