Earnest Partners LLC Sells 15,426 Shares of Grupo Cibest S.A. – Sponsored ADR $CIB

Earnest Partners LLC lowered its stake in shares of Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) by 0.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 2,479,388 shares of the bank’s stock after selling 15,426 shares during the quarter. Earnest Partners LLC’s holdings in Grupo Cibest were worth $128,779,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Tower Research Capital LLC TRC lifted its position in Grupo Cibest by 796.3% in the second quarter. Tower Research Capital LLC TRC now owns 977 shares of the bank’s stock worth $45,000 after buying an additional 868 shares during the last quarter. Westfuller Advisors LLC bought a new position in Grupo Cibest during the third quarter valued at $104,000. State of Wyoming bought a new position in Grupo Cibest during the third quarter valued at $139,000. Blue Trust Inc. raised its stake in shares of Grupo Cibest by 298.1% in the third quarter. Blue Trust Inc. now owns 3,121 shares of the bank’s stock valued at $162,000 after acquiring an additional 2,337 shares during the period. Finally, Brevan Howard Capital Management LP bought a new stake in shares of Grupo Cibest in the 3rd quarter worth about $223,000.

Grupo Cibest Trading Down 0.5%

Shares of CIB opened at $65.86 on Friday. The firm has a market capitalization of $15.84 billion, a price-to-earnings ratio of 18.00, a PEG ratio of 1.13 and a beta of 0.83. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.00 and a quick ratio of 1.00. Grupo Cibest S.A. – Sponsored ADR has a 1-year low of $35.44 and a 1-year high of $86.31. The company has a 50-day moving average of $74.78 and a 200 day moving average of $63.73.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on CIB shares. The Goldman Sachs Group lifted their price target on shares of Grupo Cibest from $69.00 to $76.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 25th. Santander downgraded shares of Grupo Cibest to an “underperform” rating in a research note on Wednesday, December 17th. Zacks Research cut Grupo Cibest from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 20th. JPMorgan Chase & Co. increased their price target on Grupo Cibest from $48.00 to $65.00 and gave the stock a “neutral” rating in a report on Friday, November 21st. Finally, Itau BBA Securities lowered Grupo Cibest from a “market perform” rating to an “underperform” rating and set a $68.00 price target for the company. in a research note on Thursday, February 26th. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Grupo Cibest presently has an average rating of “Reduce” and a consensus price target of $59.20.

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.