Grupo Cibest S.A. – Sponsored ADR (CIB) to Distribute Quarterly Dividend of $1.30 on July 13th

Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) announced a quarterly dividend on Tuesday, June 16th. Shareholders of record on Tuesday, June 30th will be paid a dividend of 1.304 per share by the bank on Monday, July 13th. This represents a c) annualized dividend and a dividend yield of 6.6%. The ex-dividend date is Tuesday, June 30th. This is a 7.0% increase from Grupo Cibest’s previous quarterly dividend of $1.22.

Grupo Cibest has raised its dividend by an average of 0.2%annually over the last three years. Grupo Cibest has a payout ratio of 80.2% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect Grupo Cibest to earn $9.53 per share next year, which means the company should continue to be able to cover its $5.21 annual dividend with an expected future payout ratio of 54.7%.

Grupo Cibest Stock Performance

Shares of CIB stock opened at $79.42 on Friday. The firm has a market cap of $18.85 billion, a price-to-earnings ratio of 22.06, a PEG ratio of 0.91 and a beta of 0.70. Grupo Cibest has a 52-week low of $43.20 and a 52-week high of $87.68. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.20. The company’s 50 day moving average is $71.84 and its 200 day moving average is $71.73.

Grupo Cibest (NYSE:CIB) last issued its quarterly earnings data on Monday, May 4th. The bank reported $1.62 earnings per share for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.22). The company had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $2.04 billion. Grupo Cibest had a net margin of 8.41% and a return on equity of 21.07%. On average, sell-side analysts anticipate that Grupo Cibest will post 8.87 EPS for the current fiscal year.

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.