Sowell Financial Services LLC Purchases New Holdings in Grupo Cibest S.A. – Sponsored ADR $CIB

Sowell Financial Services LLC purchased a new stake in Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,985 shares of the bank’s stock, valued at approximately $508,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FNY Investment Advisers LLC purchased a new position in Grupo Cibest in the fourth quarter valued at about $31,000. Tower Research Capital LLC TRC boosted its holdings in 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 during the last quarter. GAMMA Investing LLC boosted its stake in Grupo Cibest by 39.8% during the 4th quarter. GAMMA Investing LLC now owns 1,321 shares of the bank’s stock valued at $84,000 after acquiring an additional 376 shares during the last quarter. Grove Bank & Trust bought a new position in Grupo Cibest during the 4th quarter valued at $97,000. Finally, Westfuller Advisors LLC bought a new position in Grupo Cibest during the 3rd quarter valued at $104,000.

Grupo Cibest Price Performance

Shares of CIB opened at $73.90 on Friday. The stock has a 50 day moving average of $73.07 and a 200-day moving average of $66.25. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.26. Grupo Cibest S.A. – Sponsored ADR has a 52 week low of $36.21 and a 52 week high of $86.31. The firm has a market cap of $17.77 billion, a price-to-earnings ratio of 20.19, a PEG ratio of 1.30 and a beta of 0.80.

Grupo Cibest Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 13th. Stockholders of record on Tuesday, March 31st will be given a $1.2182 dividend. This represents a $4.87 dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date is Tuesday, March 31st. Grupo Cibest’s dividend payout ratio (DPR) is presently 127.60%.

Analyst Ratings Changes

CIB has been the topic of a number of research analyst reports. Itau BBA Securities downgraded shares of Grupo Cibest from a “market perform” rating to an “underperform” rating and set a $68.00 price objective on the stock. in a research note on Thursday, February 26th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Grupo Cibest in a research note on Friday, March 27th. Zacks Research downgraded shares of Grupo Cibest from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 20th. Citigroup downgraded shares of Grupo Cibest from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 21st. Finally, The Goldman Sachs Group lifted their target price on Grupo Cibest from $69.00 to $76.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 25th. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $59.20.

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.