Grupo Cibest (NYSE:CIB) Reaches New 12-Month High – Time to Buy?

Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $83.00 and last traded at $83.11, with a volume of 30399 shares trading hands. The stock had previously closed at $82.08.

Analyst Upgrades and Downgrades

CIB has been the subject of several research reports. The Goldman Sachs Group upgraded shares of Grupo Cibest from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $49.00 to $69.00 in a report on Tuesday, January 13th. JPMorgan Chase & Co. lifted their price target on Grupo Cibest from $48.00 to $65.00 and gave the company a “neutral” rating in a research report on Friday, November 21st. Zacks Research downgraded Grupo Cibest from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 20th. Citigroup lowered Grupo Cibest from a “buy” rating to a “neutral” rating in a research report on Wednesday. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Grupo Cibest in a research report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $54.80.

Grupo Cibest Stock Performance

The company has a market cap of $20.00 billion, a PE ratio of 11.43, a P/E/G ratio of 1.00 and a beta of 0.81. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.26. The business’s fifty day moving average is $66.20 and its 200-day moving average is $56.72.

Hedge Funds Weigh In On Grupo Cibest

Institutional investors have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd grew its holdings in Grupo Cibest by 253.2% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 657 shares of the bank’s stock valued at $30,000 after buying an additional 471 shares in the last quarter. FNY Investment Advisers LLC bought a new position in shares of Grupo Cibest during the 4th quarter valued at approximately $31,000. Tower Research Capital LLC TRC grew its holdings in shares of Grupo Cibest by 796.3% in the second quarter. Tower Research Capital LLC TRC now owns 977 shares of the bank’s stock valued at $45,000 after purchasing an additional 868 shares in the last quarter. GAMMA Investing LLC increased its position in Grupo Cibest by 39.8% in the fourth quarter. GAMMA Investing LLC now owns 1,321 shares of the bank’s stock worth $84,000 after purchasing an additional 376 shares during the last quarter. Finally, Grove Bank & Trust bought a new stake in Grupo Cibest in the fourth quarter worth $97,000.

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.