Grupo Cibest S.A. – Sponsored ADR $CIB Stock Purchased by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. raised its holdings in Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) by 14.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 141,201 shares of the bank’s stock after purchasing an additional 18,050 shares during the quarter. Grupo Cibest makes up about 1.7% of Triasima Portfolio Management inc.’s investment portfolio, making the stock its 15th largest position. Triasima Portfolio Management inc.’s holdings in Grupo Cibest were worth $13,111,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Bank of America Corp DE boosted its stake in Grupo Cibest by 9.1% in the first quarter. Bank of America Corp DE now owns 516,834 shares of the bank’s stock worth $37,631,000 after purchasing an additional 43,126 shares in the last quarter. Nykredit A S bought a new stake in shares of Grupo Cibest during the second quarter worth $5,589,000. Barings LLC increased its stake in shares of Grupo Cibest by 50.2% in the first quarter. Barings LLC now owns 81,500 shares of the bank’s stock valued at $5,934,000 after buying an additional 27,227 shares in the last quarter. Barometer Capital Management Inc. increased its stake in shares of Grupo Cibest by 671.0% in the first quarter. Barometer Capital Management Inc. now owns 23,900 shares of the bank’s stock valued at $1,740,000 after buying an additional 20,800 shares in the last quarter. Finally, Assetmark Inc. increased its stake in shares of Grupo Cibest by 46,580.9% in the first quarter. Assetmark Inc. now owns 95,229 shares of the bank’s stock valued at $6,934,000 after buying an additional 95,025 shares in the last quarter.

Grupo Cibest Stock Performance

CIB stock opened at $97.81 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.99 and a quick ratio of 0.99. The company has a 50 day moving average price of $97.17 and a 200 day moving average price of $83.46. Grupo Cibest S.A. – Sponsored ADR has a fifty-two week low of $53.34 and a fifty-two week high of $105.60. The stock has a market capitalization of $23.21 billion, a PE ratio of 19.07, a price-to-earnings-growth ratio of 0.74 and a beta of 0.67.

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

Grupo Cibest Dividend Announcement

The company also recently announced a special dividend, which was paid on Tuesday, September 15th. Stockholders 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 research analysts recently issued reports on the company. The Goldman Sachs Group lifted their price target on Grupo Cibest from $98.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, August 13th. Weiss Ratings raised shares of Grupo Cibest from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Zacks Research lowered shares of Grupo Cibest from a “strong-buy” rating to a “hold” rating in a report on Monday. JPMorgan Chase & Co. restated a “neutral” rating and issued a $110.00 price objective on shares of Grupo Cibest in a research report on Wednesday, September 16th. Finally, Citigroup upgraded shares of Grupo Cibest from a “hold” rating to a “buy” rating in a research report on Thursday, August 13th. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average 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 formerly known as Bancolombia SA The company operates through a diversified financial-services platform focused on serving individuals, businesses, corporations and institutional clients.

Its businesses include commercial and consumer banking, savings and checking accounts, lending, credit cards, payments, leasing, investment banking, brokerage, fiduciary services, asset management and insurance. Through its subsidiaries and digital channels, Grupo Cibest provides financial products and services to retail customers, small and midsize businesses, and large corporations.

The company has its principal operations in Colombia and a broader presence in Central America, including Panama, Guatemala and El Salvador.