Grupo Cibest (NYSE:CIB) Downgraded to “Hold” Rating by Zacks Research

by · The Cerbat Gem

Zacks Research cut shares of Grupo Cibest (NYSE:CIB – Free Report) from a strong-buy rating to a hold rating in a research report released on Tuesday,Zacks.com reports.

A number of other equities research analysts have also recently issued reports on the company. Weiss Ratings restated a “buy (b-)” rating on shares of Grupo Cibest in a report on Monday, December 29th. Citigroup lowered shares of Grupo Cibest from a “buy” rating to a “neutral” rating in a research report on Wednesday. JPMorgan Chase & Co. boosted their price target on Grupo Cibest from $48.00 to $65.00 and gave the stock a “neutral” rating in a report on Friday, November 21st. The Goldman Sachs Group raised shares of Grupo Cibest from a “sell” rating to a “neutral” rating and increased their target price for the company from $49.00 to $69.00 in a research report on Tuesday, January 13th. Finally, Santander lowered shares of Grupo Cibest to an “underperform” rating in a research note on Wednesday, December 17th. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Grupo Cibest presently has a consensus rating of “Hold” and an average price target of $54.80.

Get Our Latest Analysis on CIB

Grupo Cibest Stock Down 0.7%

NYSE:CIB traded down $0.59 during trading hours on Tuesday, reaching $79.01. 193,735 shares of the stock were exchanged, compared to its average volume of 385,857. The stock has a market cap of $19.00 billion, a PE ratio of 10.85, a PEG ratio of 0.96 and a beta of 0.81. Grupo Cibest has a twelve month low of $33.01 and a twelve month high of $80.17. The firm has a 50 day moving average of $65.49 and a 200 day moving average of $56.14. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.00 and a quick ratio of 1.00.

Hedge Funds Weigh In On Grupo Cibest

Institutional investors have recently modified their holdings of the business. Signaturefd LLC lifted its holdings in Grupo Cibest by 5.3% during the fourth quarter. Signaturefd LLC now owns 4,905 shares of the bank’s stock worth $312,000 after acquiring an additional 248 shares during the period. GAMMA Investing LLC raised its stake in shares of Grupo Cibest by 39.8% during the 4th quarter. GAMMA Investing LLC now owns 1,321 shares of the bank’s stock worth $84,000 after purchasing an additional 376 shares during the period. Ameriprise Financial Inc. raised its position in Grupo Cibest by 9.0% in the third quarter. Ameriprise Financial Inc. now owns 4,855 shares of the bank’s stock worth $252,000 after acquiring an additional 399 shares during the period. R Squared Ltd boosted its stake in Grupo Cibest by 7.1% in the third quarter. R Squared Ltd now owns 6,373 shares of the bank’s stock valued at $331,000 after acquiring an additional 420 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its position in shares of Grupo Cibest by 253.2% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 657 shares of the bank’s stock valued at $30,000 after acquiring an additional 471 shares during the period.

Grupo Cibest Company Profile

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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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