Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) Stock Has Consensus Target Price of $90.83 According to Brokerages

Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) has been assigned an average rating of “Hold” from the nine research firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $90.83.

CIB has been the subject of several research analyst reports. Weiss Ratings raised shares of Grupo Cibest from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. The Goldman Sachs Group lifted their target price on Grupo Cibest from $98.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $110.00 target price on shares of Grupo Cibest in a report on Wednesday, September 16th. Royal Bank Of Canada set a $110.00 price objective on shares of Grupo Cibest in a research note on Tuesday, August 11th. Finally, Zacks Research downgraded shares of Grupo Cibest from a “strong-buy” rating to a “hold” rating in a report on Monday, October 12th.

Grupo Cibest Price Performance

CIB stock opened at $95.56 on Tuesday. The stock has a market cap of $22.68 billion, a PE ratio of 11.01, a P/E/G ratio of 0.75 and a beta of 0.67. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.99 and a quick ratio of 0.99. Grupo Cibest has a one year low of $53.34 and a one year high of $105.60. The firm has a 50 day simple moving average of $97.43 and a two-hundred day simple moving average of $83.82.

Grupo Cibest (NYSE:CIB) last released its earnings results on Monday, August 10th. The bank reported $3.32 EPS for the quarter, beating the consensus estimate of $2.14 by $1.18. Grupo Cibest had a net margin of 10.80% and a return on equity of 20.87%. The company had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.40 billion. On average, analysts predict that Grupo Cibest will post 10.87 EPS for the current fiscal 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 issued a $1.6324 dividend. The ex-dividend date of this dividend was Tuesday, September 8th. Grupo Cibest’s payout ratio is 106.24%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. V Square Quantitative Management LLC grew its holdings in shares of Grupo Cibest by 24.0% during the first quarter. V Square Quantitative Management LLC now owns 2,492 shares of the bank’s stock valued at $181,000 after buying an additional 482 shares in the last quarter. Mather Group LLC. acquired a new position in Grupo Cibest in the 3rd quarter valued at approximately $60,000. PNC Financial Services Group Inc. boosted its stake in shares of Grupo Cibest by 5.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 13,596 shares of the bank’s stock valued at $990,000 after buying an additional 677 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in Grupo Cibest during the second quarter valued at $79,000. Finally, QRG Capital Management Inc. grew its stake in Grupo Cibest by 6.5% in the second quarter. QRG Capital Management Inc. now owns 17,479 shares of the bank’s stock valued at $1,388,000 after purchasing an additional 1,070 shares in the last quarter.

Grupo Cibest Company 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.