Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) Given Average Rating of “Hold” by Brokerages

Shares of Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) have earned an average recommendation of “Hold” from the nine brokerages that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $54.80.

Several research firms recently commented on CIB. Weiss Ratings restated a “buy (b-)” rating on shares of Grupo Cibest in a research note on Monday, December 29th. Santander lowered shares of Grupo Cibest to an “underperform” rating in a research report on Wednesday, December 17th. Citigroup reaffirmed a “buy” rating on shares of Grupo Cibest in a report on Monday, October 20th. The Goldman Sachs Group upgraded Grupo Cibest from a “sell” rating to a “neutral” rating and boosted their price target for the company from $49.00 to $69.00 in a research note on Tuesday. Finally, Zacks Research raised Grupo Cibest from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 24th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC increased its holdings in Grupo Cibest by 39.8% in the 4th quarter. GAMMA Investing LLC now owns 1,321 shares of the bank’s stock valued at $84,000 after buying an additional 376 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Grupo Cibest by 9.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,855 shares of the bank’s stock worth $252,000 after acquiring an additional 399 shares in the last quarter. R Squared Ltd increased its stake in Grupo Cibest by 7.1% in the third quarter. R Squared Ltd now owns 6,373 shares of the bank’s stock valued at $331,000 after acquiring an additional 420 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its position in Grupo Cibest by 253.2% during the second quarter. Caitong International Asset Management Co. Ltd now owns 657 shares of the bank’s stock valued at $30,000 after purchasing an additional 471 shares in the last quarter. Finally, FNY Investment Advisers LLC bought a new stake in Grupo Cibest during the fourth quarter worth $31,000.

Grupo Cibest Stock Performance

Shares of NYSE CIB opened at $75.71 on Friday. Grupo Cibest has a one year low of $31.94 and a one year high of $75.75. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market cap of $18.20 billion, a price-to-earnings ratio of 10.40, a P/E/G ratio of 0.94 and a beta of 0.81. The stock’s fifty day moving average price is $64.67 and its two-hundred day moving average price is $55.48.

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.