Boston Common Asset Management LLC Has $9.95 Million Stock Position in Grupo Cibest S.A. – Sponsored ADR $CIB

Boston Common Asset Management LLC lifted its stake in shares of Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) by 10.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 215,373 shares of the bank’s stock after purchasing an additional 19,758 shares during the quarter. Boston Common Asset Management LLC’s holdings in Grupo Cibest were worth $9,948,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Earnest Partners LLC grew its holdings in shares of Grupo Cibest by 2.3% during the 1st quarter. Earnest Partners LLC now owns 2,566,128 shares of the bank’s stock worth $103,158,000 after purchasing an additional 56,475 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in Grupo Cibest by 18.0% in the first quarter. Russell Investments Group Ltd. now owns 330,931 shares of the bank’s stock valued at $13,303,000 after buying an additional 50,409 shares in the last quarter. Millennium Management LLC boosted its stake in Grupo Cibest by 527.0% in the first quarter. Millennium Management LLC now owns 316,877 shares of the bank’s stock valued at $12,738,000 after buying an additional 266,341 shares in the last quarter. RWC Asset Management LLP acquired a new stake in Grupo Cibest in the first quarter valued at about $12,536,000. Finally, Cubist Systematic Strategies LLC boosted its stake in Grupo Cibest by 176.6% in the first quarter. Cubist Systematic Strategies LLC now owns 239,710 shares of the bank’s stock valued at $9,636,000 after buying an additional 153,058 shares in the last quarter.

Grupo Cibest Stock Performance

Shares of CIB stock opened at $52.22 on Friday. The business’s 50-day moving average price is $49.68 and its 200-day moving average price is $44.88. Grupo Cibest S.A. – Sponsored ADR has a 12 month low of $30.65 and a 12 month high of $53.99. The firm has a market capitalization of $12.56 billion, a price-to-earnings ratio of 7.92, a PEG ratio of 1.03 and a beta of 0.94. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.29.

Grupo Cibest (NYSE:CIB) last announced its quarterly earnings results on Thursday, August 7th. The bank reported $1.79 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.13. Grupo Cibest had a return on equity of 19.77% and a net margin of 15.30%.The firm had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.75 billion. Equities research analysts forecast that Grupo Cibest S.A. – Sponsored ADR will post 6 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on CIB shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Grupo Cibest in a research note on Saturday, September 27th. Zacks Research raised Grupo Cibest from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 24th. Finally, Bank of America reaffirmed an “underperform” rating on shares of Grupo Cibest in a research note on Thursday, September 11th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Grupo Cibest presently has an average rating of “Hold” and an average target price of $43.75.

Grupo Cibest Profile

Bancolombia SA, together with its subsidiaries, provides banking products and services in Colombia and internationally. The company operates through nine segments: Banking Colombia, Banking Panama, Banking El Salvador, Banking Guatemala, Trust, Investment Banking, Brokerage, International Banking, and All Other.