Calamos Advisors LLC acquired a new position in Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB – Free Report) in the first quarter, HoldingsChannel.com reports. The firm acquired 9,110 shares of the bank’s stock, valued at approximately $663,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Hsbc Holdings PLC purchased a new stake in Grupo Cibest during the 1st quarter valued at $226,000. Swedbank AB raised its stake in shares of Grupo Cibest by 9.8% in the first quarter. Swedbank AB now owns 23,385 shares of the bank’s stock worth $1,703,000 after purchasing an additional 2,085 shares during the last quarter. V Square Quantitative Management LLC lifted its holdings in shares of Grupo Cibest by 24.0% during the first quarter. V Square Quantitative Management LLC now owns 2,492 shares of the bank’s stock valued at $181,000 after purchasing an additional 482 shares in the last quarter. QRG Capital Management Inc. lifted its holdings in shares of Grupo Cibest by 8.2% during the first quarter. QRG Capital Management Inc. now owns 16,409 shares of the bank’s stock valued at $1,195,000 after purchasing an additional 1,240 shares in the last quarter. Finally, Lesa Sroufe & Co bought a new position in shares of Grupo Cibest during the first quarter valued at $4,851,000.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on the company. UBS Group lifted their price objective on Grupo Cibest from $52.00 to $72.00 and gave the stock a “neutral” rating in a report on Thursday, April 23rd. JPMorgan Chase & Co. raised their price target on shares of Grupo Cibest from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Monday, May 18th. Weiss Ratings lowered shares of Grupo Cibest from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, April 24th. The Goldman Sachs Group boosted their price objective on shares of Grupo Cibest from $71.00 to $81.00 and gave the company a “neutral” rating in a report on Thursday. Finally, Itau BBA Securities upgraded shares of Grupo Cibest from a “strong sell” rating to a “market perform” rating in a research report on Tuesday, May 26th. Eight equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $73.20.
Grupo Cibest Price Performance
NYSE CIB opened at $79.30 on Friday. The business’s fifty day moving average is $74.61 and its 200 day moving average is $73.46. Grupo Cibest S.A. – Sponsored ADR has a fifty-two week low of $43.20 and a fifty-two week high of $87.68. 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 market capitalization of $18.82 billion, a PE ratio of 22.03, a price-to-earnings-growth ratio of 0.93 and a beta of 0.67.
Grupo Cibest (NYSE:CIB – Get Free Report) last issued its quarterly earnings results on Monday, May 4th. The bank reported $1.62 EPS for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.22). Grupo Cibest had a return on equity of 21.07% and a net margin of 8.41%.The company had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $2.04 billion. Sell-side analysts predict that Grupo Cibest S.A. – Sponsored ADR will post 8.87 earnings per share for the current year.
Grupo Cibest Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 13th. Investors of record on Tuesday, June 30th were paid a dividend of $1.304 per share. This is a boost from Grupo Cibest’s previous quarterly dividend of $1.22. The ex-dividend date was Tuesday, June 30th. This represents a $5.22 dividend on an annualized basis and a dividend yield of 6.6%. Grupo Cibest’s dividend payout ratio is presently 147.78%.
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.
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