Grupo Cibest (NYSE:CIB – Get Free Report) posted its earnings results on Monday. The bank reported $3.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.14 by $1.18, Zacks reports. Grupo Cibest had a return on equity of 21.07% and a net margin of 8.41%.
Grupo Cibest Price Performance
Grupo Cibest stock opened at $91.63 on Tuesday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.20. Grupo Cibest has a 52-week low of $46.93 and a 52-week high of $94.21. The firm has a market cap of $21.74 billion, a PE ratio of 25.45, a price-to-earnings-growth ratio of 1.01 and a beta of 0.67. The company’s 50 day moving average is $81.93 and its two-hundred day moving average is $75.68.
Grupo Cibest Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, July 13th. Shareholders of record on Tuesday, June 30th were issued 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 yield of 5.7%. Grupo Cibest’s dividend payout ratio (DPR) is currently 147.78%.
Institutional Trading of Grupo Cibest
Analysts Set New Price Targets
A number of equities analysts have recently weighed in on the company. Zacks Research upgraded Grupo Cibest from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. The Goldman Sachs Group upgraded shares of Grupo Cibest from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $81.00 to $98.00 in a report on Tuesday, July 28th. Itau BBA Securities raised shares of Grupo Cibest from a “strong sell” rating to a “market perform” rating in a research report on Tuesday, May 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Grupo Cibest in a research note on Tuesday, July 21st. Finally, UBS Group lifted their price target on shares of Grupo Cibest from $52.00 to $72.00 and gave the company a “neutral” rating in a research report on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $82.17.
Get Our Latest Stock Report on CIB
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
- Five stocks we like better than Grupo Cibest
- China’s Athleisure Boom Is Not Lifting Every Brand Equally
- SoundHound AI Sends a Loud Signal After Its Q2 Earnings Beat
- 3 Dividend Champion Utilities for a Market That Can’t Sit Still
- These 3 Most-Upgraded Stocks Have Almost Nothing to Do With AI
Receive News & Ratings for Grupo Cibest Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grupo Cibest and related companies with MarketBeat.com's FREE daily email newsletter.
