Grupo Cibest (NYSE:CIB – Get Free Report) posted its quarterly earnings data on Monday. The bank reported $1.62 earnings per share for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.22), Zacks reports. The firm had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $2.04 billion. Grupo Cibest had a return on equity of 23.86% and a net margin of 8.41%.
Grupo Cibest Stock Up 0.7%
Shares of CIB stock opened at $65.69 on Wednesday. Grupo Cibest has a 1-year low of $40.07 and a 1-year high of $86.31. The stock’s fifty day moving average price is $70.96 and its 200 day moving average price is $68.65. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market cap of $15.80 billion, a price-to-earnings ratio of 18.25, a price-to-earnings-growth ratio of 1.13 and a beta of 0.71.
Grupo Cibest Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, April 13th. Shareholders of record on Tuesday, March 31st were issued a $1.2182 dividend. This represents a $4.87 annualized dividend and a yield of 7.4%. The ex-dividend date of this dividend was Tuesday, March 31st. Grupo Cibest’s payout ratio is currently 133.88%.
Wall Street Analyst Weigh In
Read Our Latest Stock Analysis on CIB
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the stock. Arax Advisory Partners increased its holdings in shares of Grupo Cibest by 2,525.0% in the fourth quarter. Arax Advisory Partners now owns 525 shares of the bank’s stock valued at $33,000 after purchasing an additional 505 shares during the period. Smartleaf Asset Management LLC increased its holdings in shares of Grupo Cibest by 105.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 546 shares of the bank’s stock valued at $35,000 after purchasing an additional 280 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of Grupo Cibest by 796.3% in the second quarter. Tower Research Capital LLC TRC now owns 977 shares of the bank’s stock worth $45,000 after acquiring an additional 868 shares during the period. Caitong International Asset Management Co. Ltd raised its holdings in Grupo Cibest by 89.2% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 753 shares of the bank’s stock worth $48,000 after purchasing an additional 355 shares during the period. Finally, State of Wyoming raised its stake in shares of Grupo Cibest by 17.6% during the 4th quarter. State of Wyoming now owns 3,140 shares of the bank’s stock worth $200,000 after buying an additional 470 shares during the period.
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.
Further Reading
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