Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) Short Interest Down 33.4% in March
by Amy Steele · The Cerbat GemGrupo Cibest S.A. – Sponsored ADR (NYSE:CIB – Get Free Report) was the target of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totaling 723,387 shares, a decrease of 33.4% from the March 15th total of 1,085,549 shares. Based on an average daily volume of 456,437 shares, the days-to-cover ratio is presently 1.6 days. Approximately 0.3% of the shares of the stock are sold short.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the business. FNY Investment Advisers LLC bought a new stake in Grupo Cibest during the 4th quarter worth approximately $31,000. Arax Advisory Partners raised its stake in shares of Grupo Cibest by 2,525.0% during the fourth quarter. Arax Advisory Partners now owns 525 shares of the bank’s stock valued at $33,000 after acquiring an additional 505 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Grupo Cibest by 105.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 546 shares of the bank’s stock worth $35,000 after purchasing an additional 280 shares during the period. TD Waterhouse Canada Inc. bought a new stake in shares of Grupo Cibest in the fourth quarter worth $43,000. Finally, Tower Research Capital LLC TRC grew its stake in shares of Grupo Cibest by 796.3% in the second quarter. Tower Research Capital LLC TRC now owns 977 shares of the bank’s stock worth $45,000 after purchasing an additional 868 shares during the last quarter.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on the stock. Itau BBA Securities downgraded shares of Grupo Cibest from a “market perform” rating to an “underperform” rating and set a $68.00 price target for the company. in a report on Thursday, February 26th. Weiss Ratings downgraded Grupo Cibest from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, April 10th. Citigroup lowered Grupo Cibest from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 21st. Zacks Research downgraded Grupo Cibest from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 20th. Finally, Santander cut Grupo Cibest to an “underperform” rating in a research report on Wednesday, December 17th. Six analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, Grupo Cibest currently has an average rating of “Reduce” and an average target price of $59.20.
Get Our Latest Stock Report on CIB
Grupo Cibest Price Performance
Shares of CIB traded up $0.95 during trading hours on Thursday, reaching $76.02. The stock had a trading volume of 310,433 shares, compared to its average volume of 327,113. Grupo Cibest has a 12 month low of $39.45 and a 12 month high of $86.31. The stock has a market capitalization of $18.28 billion, a PE ratio of 20.77, a PEG ratio of 1.29 and a beta of 0.80. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.03 and a current ratio of 1.03. The company’s 50-day moving average is $72.65 and its two-hundred day moving average is $67.08.
Grupo Cibest Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, April 13th. Stockholders of record on Tuesday, March 31st were issued a dividend of $1.2182 per share. This represents a $4.87 annualized dividend and a dividend yield of 6.4%. The ex-dividend date was Tuesday, March 31st. Grupo Cibest’s payout ratio is 133.88%.
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.