Grupo Cibest S.A. – Sponsored ADR (CIB) To Go Ex-Dividend on September 8th

Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) announced a special dividend on Thursday, August 27th. Investors of record on Tuesday, September 8th will be given a dividend of 1.6324 per share by the bank on Tuesday, September 15th. The ex-dividend date of this dividend is Tuesday, September 8th.

Grupo Cibest has raised its dividend by an average of 0.2%per year over the last three years. Grupo Cibest has a payout ratio of 81.7% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect Grupo Cibest to earn $11.53 per share next year, which means the company should continue to be able to cover its $5.31 annual dividend with an expected future payout ratio of 46.1%.

Grupo Cibest Stock Performance

Shares of Grupo Cibest stock opened at $100.55 on Friday. The business’s 50 day moving average price is $89.94 and its 200 day moving average price is $78.14. The company has a market cap of $23.86 billion, a price-to-earnings ratio of 19.60, a PEG ratio of 0.77 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. Grupo Cibest has a one year low of $50.70 and a one year high of $103.50.

Grupo Cibest (NYSE:CIB) last issued its earnings results on Monday, August 10th. The bank reported $3.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.14 by $1.18. Grupo Cibest had a return on equity of 20.87% and a net margin of 10.80%.The company had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.40 billion. On average, research analysts predict that Grupo Cibest will post 10.87 EPS for the current year.

Institutional Trading of Grupo Cibest

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Corient Private Wealth LP acquired a new position in Grupo Cibest in the second quarter valued at about $528,000. Nykredit A S acquired a new stake in shares of Grupo Cibest during the second quarter valued at about $5,589,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Grupo Cibest in the 2nd quarter valued at approximately $79,000. E. Ohman J or Asset Management AB raised its stake in shares of Grupo Cibest by 12.3% in the 2nd quarter. E. Ohman J or Asset Management AB now owns 14,600 shares of the bank’s stock valued at $1,160,000 after acquiring an additional 1,600 shares during the period. Finally, FNY Investment Advisers LLC acquired a new position in shares of Grupo Cibest in the 2nd quarter worth approximately $206,000.

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.