Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB – Get Free Report) has earned an average recommendation of “Reduce” from the nine ratings firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating and eight have issued a hold rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $72.20.
A number of brokerages have recently issued reports on CIB. Itau BBA Securities raised Grupo Cibest from a “strong sell” rating to a “market perform” rating in a research note on Tuesday, May 26th. Bank of America raised Grupo Cibest from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $68.00 to $75.00 in a report on Monday, June 1st. The Goldman Sachs Group increased their price objective on Grupo Cibest from $69.00 to $76.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 25th. JPMorgan Chase & Co. raised their target price on Grupo Cibest from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Monday, May 18th. Finally, Weiss Ratings lowered shares of Grupo Cibest from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, April 24th.
Check Out Our Latest Analysis on CIB
Institutional Inflows and Outflows
Grupo Cibest Stock Up 0.1%
CIB stock opened at $80.27 on Wednesday. Grupo Cibest has a one year low of $41.42 and a one year high of $86.31. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.98 and a current ratio of 0.98. The company has a fifty day moving average of $70.68 and a 200-day moving average of $70.57. The stock has a market capitalization of $19.05 billion, a PE ratio of 22.30, a price-to-earnings-growth ratio of 1.22 and a beta of 0.70.
Grupo Cibest (NYSE:CIB – Get Free Report) last posted its quarterly earnings results on Monday, May 4th. The bank reported $1.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.84 by ($0.22). Grupo Cibest had a return on equity of 21.07% and a net margin of 8.41%.The firm had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $2.04 billion. As a group, analysts expect that Grupo Cibest will post 8.65 EPS for the current year.
Grupo Cibest Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 13th. Investors of record on Tuesday, March 31st were issued a dividend of $1.2182 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $4.87 dividend on an annualized basis and a yield of 6.1%. Grupo Cibest’s payout ratio is currently 136.11%.
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.
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