Grupo Cibest S.A. – Sponsored ADR $CIB Shares Sold by Lesa Sroufe & Co

Lesa Sroufe & Co trimmed its holdings in shares of Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) by 52.6% during the third quarter, Holdings Channel.com reports. The institutional investor owned 32,601 shares of the bank’s stock after selling 36,196 shares during the quarter. Grupo Cibest accounts for approximately 2.0% of Lesa Sroufe & Co’s investment portfolio, making the stock its 22nd biggest holding. Lesa Sroufe & Co’s holdings in Grupo Cibest were worth $3,027,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of CIB. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Grupo Cibest during the 3rd quarter worth approximately $152,000. Vise Technologies Inc. acquired a new position in shares of Grupo Cibest during the 3rd quarter valued at $1,160,000. Signaturefd LLC lifted its position in shares of Grupo Cibest by 6.9% during the 3rd quarter. Signaturefd LLC now owns 5,527 shares of the bank’s stock valued at $513,000 after acquiring an additional 357 shares during the period. TD Waterhouse Canada Inc. bought a new position in Grupo Cibest during the third quarter worth $1,000,000. Finally, Triasima Portfolio Management inc. boosted its stake in Grupo Cibest by 14.7% during the third quarter. Triasima Portfolio Management inc. now owns 141,201 shares of the bank’s stock worth $13,111,000 after acquiring an additional 18,050 shares in the last quarter.

Grupo Cibest Price Performance

Shares of NYSE:CIB opened at $92.17 on Tuesday. Grupo Cibest S.A. – Sponsored ADR has a twelve month low of $56.60 and a twelve month high of $105.60. The stock’s 50 day moving average is $96.88 and its 200-day moving average is $81.98. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $21.87 billion, a price-to-earnings ratio of 10.65, a PEG ratio of 0.72 and a beta of 0.67.

Grupo Cibest (NYSE:CIB) last posted its quarterly earnings results on Monday, August 10th. The bank reported $3.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.14 by $1.18. The business had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.40 billion. Grupo Cibest had a net margin of 10.80% and a return on equity of 20.87%. Sell-side analysts forecast that Grupo Cibest S.A. – Sponsored ADR will post 10.87 EPS for the current fiscal year.

Grupo Cibest Announces Dividend

The firm also recently disclosed a special dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 8th were paid a $1.6324 dividend. The ex-dividend date of this dividend was Tuesday, September 8th. Grupo Cibest’s dividend payout ratio (DPR) is 106.24%.

Analysts Set New Price Targets

A number of equities research analysts have commented on CIB shares. Royal Bank Of Canada set a $110.00 price target on shares of Grupo Cibest in a report on Tuesday, August 11th. Citigroup upgraded shares of Grupo Cibest from a “hold” rating to a “buy” rating in a report on Thursday, August 13th. The Goldman Sachs Group increased their price objective on shares of Grupo Cibest from $98.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. JPMorgan Chase & Co. downgraded Grupo Cibest from an “overweight” rating to a “neutral” rating and set a $110.00 target price for the company. in a research note on Wednesday, September 16th. Finally, Weiss Ratings upgraded Grupo Cibest from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $90.83.

Grupo Cibest Profile

Grupo Cibest SA is a Colombia-based financial services holding company whose principal business is conducted through Bancolombia and related subsidiaries. The group provides banking and financial solutions to individuals, businesses, institutions and governments, with activities spanning commercial banking, consumer finance, corporate banking, investment banking, wealth management, insurance and payments.

Its offerings include deposit accounts, loans, credit cards, cash-management services, investment products, trust and fiduciary services, foreign-exchange solutions and digital financial tools.