DekaBank Deutsche Girozentrale Purchases New Shares in Grupo Cibest S.A. – Sponsored ADR $CIB

DekaBank Deutsche Girozentrale purchased a new stake in Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 12,593 shares of the bank’s stock, valued at approximately $582,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SVB Wealth LLC purchased a new stake in Grupo Cibest in the 1st quarter valued at $45,000. Aberdeen Group plc purchased a new stake in Grupo Cibest in the 1st quarter valued at $201,000. Malaga Cove Capital LLC purchased a new stake in Grupo Cibest in the 1st quarter valued at $209,000. JBF Capital Inc. purchased a new stake in Grupo Cibest in the 1st quarter valued at $241,000. Finally, Aigen Investment Management LP purchased a new stake in Grupo Cibest in the 1st quarter valued at $241,000.

Grupo Cibest Stock Up 0.4%

Shares of Grupo Cibest stock opened at $56.06 on Monday. The company has a market cap of $13.48 billion, a P/E ratio of 8.51, a PEG ratio of 1.10 and a beta of 0.94. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.00 and a current ratio of 1.00. Grupo Cibest S.A. – Sponsored ADR has a one year low of $30.68 and a one year high of $57.40. The firm has a fifty day moving average of $52.24 and a two-hundred day moving average of $46.31.

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

Wall Street Analysts Forecast Growth

CIB has been the subject of several research reports. Zacks Research upgraded shares of Grupo Cibest from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 24th. Weiss Ratings restated a “buy (b)” rating on shares of Grupo Cibest in a research report on Tuesday, October 14th. Bank of America restated an “underperform” rating on shares of Grupo Cibest in a research report on Thursday, September 11th. Finally, Citigroup restated a “buy” rating on shares of Grupo Cibest in a research report on Monday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Grupo Cibest currently has a consensus rating of “Hold” and an average target price of $43.75.

About Grupo Cibest

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.