Bancolombia SA (CIB) Given Average Rating of “Hold” by Brokerages

Bancolombia SA (NYSE:CIB) has earned a consensus rating of “Hold” from the eight analysts that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $41.00.

Several research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Bancolombia from a “hold” rating to a “sell” rating in a research note on Monday, August 13th. ValuEngine downgraded shares of Bancolombia from a “sell” rating to a “strong sell” rating in a research note on Tuesday, September 11th. Finally, Citigroup raised shares of Bancolombia from a “sell” rating to a “neutral” rating in a research note on Monday, August 27th.

Shares of CIB stock opened at $37.03 on Monday. Bancolombia has a twelve month low of $35.92 and a twelve month high of $51.38. The stock has a market capitalization of $8.90 billion, a P/E ratio of 10.17, a PEG ratio of 0.73 and a beta of 0.42. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.12 and a quick ratio of 1.12.



Bancolombia (NYSE:CIB) last announced its earnings results on Wednesday, August 1st. The bank reported $0.84 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.05). Bancolombia had a net margin of 10.82% and a return on equity of 8.17%. The firm had revenue of $1.12 billion during the quarter. On average, analysts expect that Bancolombia will post 3.58 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 11th. Shareholders of record on Thursday, September 27th were issued a $0.334 dividend. This represents a $1.34 annualized dividend and a yield of 3.61%. The ex-dividend date of this dividend was Wednesday, September 26th. Bancolombia’s dividend payout ratio (DPR) is 37.09%.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Rational Advisors LLC grew its holdings in Bancolombia by 60.0% in the 2nd quarter. Rational Advisors LLC now owns 2,934 shares of the bank’s stock valued at $140,000 after buying an additional 1,100 shares during the period. Crossmark Global Holdings Inc. grew its holdings in Bancolombia by 17.1% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 14,188 shares of the bank’s stock valued at $678,000 after buying an additional 2,070 shares during the period. Macquarie Group Ltd. grew its holdings in Bancolombia by 2.1% in the 2nd quarter. Macquarie Group Ltd. now owns 102,050 shares of the bank’s stock valued at $4,876,000 after buying an additional 2,110 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in Bancolombia by 2.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 121,803 shares of the bank’s stock valued at $5,820,000 after buying an additional 2,688 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Bancolombia by 0.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 580,977 shares of the bank’s stock valued at $24,413,000 after buying an additional 3,449 shares during the period. Institutional investors own 10.80% of the company’s stock.

Bancolombia Company Profile

Bancolombia SA provides various banking products and services to individual, corporate, and government customers in Colombia, Latin America, and the Caribbean region. The company operates in nine segments: Banking Colombia, Banking Panama, Banking El Salvador, Banking Guatemala, Trust, Investment Banking, Brokerage, Off Shore, and All Other.

See Also: Balance Sheet

Analyst Recommendations for Bancolombia (NYSE:CIB)

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