Trek Financial LLC Sells 70,760 Shares of Grupo Cibest S.A. – Sponsored ADR $CIB

Trek Financial LLC lessened its stake in shares of Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) by 45.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 83,274 shares of the bank’s stock after selling 70,760 shares during the quarter. Trek Financial LLC’s holdings in Grupo Cibest were worth $7,732,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in CIB. Amundi boosted its position in Grupo Cibest by 26.7% during the first quarter. Amundi now owns 495,535 shares of the bank’s stock valued at $36,080,000 after purchasing an additional 104,280 shares in the last quarter. Assetmark Inc. lifted its position in shares of Grupo Cibest by 46,580.9% during the first quarter. Assetmark Inc. now owns 95,229 shares of the bank’s stock valued at $6,934,000 after buying an additional 95,025 shares during the last quarter. Nykredit A S purchased a new stake in shares of Grupo Cibest during the second quarter valued at about $5,589,000. ABN Amro Investment Solutions lifted its position in shares of Grupo Cibest by 36.3% during the first quarter. ABN Amro Investment Solutions now owns 249,345 shares of the bank’s stock valued at $18,155,000 after buying an additional 66,400 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of Grupo Cibest by 9.1% in the 1st quarter. Bank of America Corp DE now owns 516,834 shares of the bank’s stock valued at $37,631,000 after buying an additional 43,126 shares in the last quarter.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Citigroup upgraded shares of Grupo Cibest from a “hold” rating to a “buy” rating in a research note on Thursday, August 13th. Wall Street Zen upgraded shares of Grupo Cibest to a “buy” rating in a research note on Saturday, October 17th. Royal Bank Of Canada set a $110.00 price target on shares of Grupo Cibest in a report on Tuesday, August 11th. JPMorgan Chase & Co. downgraded Grupo Cibest from an “overweight” rating to a “neutral” rating and set a $110.00 price target on the stock. in a research report on Wednesday, September 16th. Finally, Weiss Ratings upgraded Grupo Cibest from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $90.83.

Grupo Cibest Stock Down 0.1%

CIB stock opened at $91.90 on Monday. The firm has a 50 day moving average of $97.06 and a 200 day moving average of $81.88. The stock has a market capitalization of $21.81 billion, a PE ratio of 17.91, a price-to-earnings-growth ratio of 0.70 and a beta of 0.69. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.18. Grupo Cibest S.A. – Sponsored ADR has a 52 week low of $56.60 and a 52 week high of $105.60.

Grupo Cibest (NYSE:CIB) last issued its quarterly earnings results on Monday, August 10th. The bank reported $3.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.14 by $1.18. The business had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.40 billion. Grupo Cibest had a net margin of 10.80% and a return on equity of 20.87%. Sell-side analysts forecast that Grupo Cibest S.A. – Sponsored ADR will post 10.87 earnings per share for the current year.

Grupo Cibest Dividend Announcement

The business also recently disclosed a special dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 8th were issued a dividend of $1.6324 per share. The ex-dividend date of this dividend was Tuesday, September 8th. Grupo Cibest’s payout ratio is 106.24%.

About Grupo Cibest

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.