Grupo Cibest (NYSE:CIB) Stock Price Breaks Above 200-Day Moving Average – Here’s What Happened

Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB)’s stock price crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $81.30 and traded as high as $94.53. Grupo Cibest shares last traded at $93.9890, with a volume of 358,098 shares trading hands.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CIB. Weiss Ratings upgraded Grupo Cibest from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 18th. JPMorgan Chase & Co. reaffirmed 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 target price on shares of Grupo Cibest in a research note on Tuesday, August 11th. The Goldman Sachs Group raised their price target on shares of Grupo Cibest from $98.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. Finally, Zacks Research upgraded shares of Grupo Cibest from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Grupo Cibest currently has a consensus rating of “Hold” and a consensus price target of $90.83.

Grupo Cibest Price Performance

The stock has a market capitalization of $21.61 billion, a P/E ratio of 17.75, a PEG ratio of 0.72 and a beta of 0.65. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a fifty day moving average price of $96.05 and a two-hundred day moving average price of $81.49.

Grupo Cibest (NYSE:CIB) last posted its quarterly earnings data on Monday, August 10th. The bank reported $3.32 EPS for the quarter, beating analysts’ consensus estimates of $2.14 by $1.18. The company had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.40 billion. Grupo Cibest had a return on equity of 20.87% and a net margin of 10.80%. As a group, analysts expect that Grupo Cibest S.A. – Sponsored ADR will post 10.87 EPS for the current fiscal year.

Grupo Cibest Dividend Announcement

The firm also recently disclosed 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 was Tuesday, September 8th. Grupo Cibest’s dividend payout ratio is 103.70%.

Institutional Trading of Grupo Cibest

Several large investors have recently added to or reduced their stakes in CIB. Amundi raised its position in Grupo Cibest by 26.7% in the first quarter. Amundi now owns 495,535 shares of the bank’s stock worth $36,080,000 after acquiring an additional 104,280 shares during the period. Assetmark Inc. grew its position in shares of Grupo Cibest by 46,580.9% during the 1st quarter. Assetmark Inc. now owns 95,229 shares of the bank’s stock valued at $6,934,000 after acquiring an additional 95,025 shares during the period. Nykredit A S bought a new stake in shares of Grupo Cibest during the 2nd quarter valued at $5,589,000. Lesa Sroufe & Co purchased a new stake in shares of Grupo Cibest in the 1st quarter worth $4,851,000. Finally, ABN Amro Investment Solutions increased its stake in shares of Grupo Cibest by 36.3% in the 1st quarter. ABN Amro Investment Solutions now owns 249,345 shares of the bank’s stock worth $18,155,000 after purchasing an additional 66,400 shares in the last quarter.

Grupo Cibest Company 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.