Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB – Get Free Report) announced a quarterly dividend on Monday, August 17th. Shareholders of record on Wednesday, September 30th will be paid a dividend of 1.4438 per share by the bank on Tuesday, October 13th. This represents a c) annualized dividend and a yield of 5.9%. The ex-dividend date is Wednesday, September 30th. This is a 10.7% increase from Grupo Cibest’s previous quarterly dividend of $1.30.
Grupo Cibest has raised its dividend payment by an average of 0.2%per year over the last three years. Grupo Cibest has a dividend payout ratio of 81.7% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Research analysts expect Grupo Cibest to earn $11.53 per share next year, which means the company should continue to be able to cover its $5.31 annual dividend with an expected future payout ratio of 46.1%.
Grupo Cibest Trading Up 1.0%
Shares of NYSE:CIB opened at $97.55 on Wednesday. The company has a market capitalization of $23.15 billion, a PE ratio of 19.02, a P/E/G ratio of 0.74 and a beta of 0.67. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.18. Grupo Cibest has a 12-month low of $48.59 and a 12-month high of $100.74. The business’s fifty day simple moving average is $84.82 and its 200-day simple moving average is $76.31.
Analysts Set New Price Targets
A number of analysts have recently weighed in on the company. Itau BBA Securities raised Grupo Cibest from a “strong sell” rating to a “market perform” rating in a research report on Tuesday, May 26th. Zacks Research raised Grupo Cibest from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Cibest in a research note on Tuesday, July 21st. Royal Bank Of Canada set a $110.00 target price on shares of Grupo Cibest in a research report on Tuesday, August 11th. Finally, Citigroup raised shares of Grupo Cibest from a “hold” rating to a “buy” rating in a report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $90.83.
Check Out Our Latest Stock Report on Grupo Cibest
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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