Grupo Cibest rallies 40% since May but faces higher credit risks, prompting a downgrade to Hold.

Grupo Cibest's stock surged 40% since May, driven by strong loan growth of 9.7% year-over-year and solid profitability in Q3 2026. However, the net interest margin fell to 7.4%, and the cost of risk increased to 1.8%, with guidance for 2027 rising further to 1.9–2.1%. These higher credit losses are expected amid fiscal tightening, leading to a valuation premium over regional peers. Due to these factors and growing macroeconomic risks, the analyst downgraded Grupo Cibest's rating to 'Hold,' signaling that the stock's re-rating phase is likely complete and caution is warranted going forward.

Following the recent analyst downgrade to 'Hold' on Grupo Cibest, the stock is currently trading at USD 91.78 on Pluang as of Nov 11, 2026 05:11 WIB, down 3.30% for the day. The company holds a market cap of $23.11 billion and offers a dividend yield of 4.21%. Investors on Pluang typically hold this stock for about 18 days, reflecting active trading interest despite the cautious outlook.