Bancolombia SA (NYSE:CIB) Given Consensus Recommendation of “Hold” by Brokerages

Bancolombia SA (NYSE:CIB) has been given a consensus recommendation of “Hold” by the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have issued a buy recommendation on the company.

Several research analysts recently issued reports on CIB shares. Zacks Investment Research upgraded shares of Gerdau from a “sell” rating to a “hold” rating in a research report on Monday, May 13th. Citigroup reduced their price target on shares of UnitedHealth Group from $288.00 to $247.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 17th. ValuEngine upgraded shares of Zynerba Pharmaceuticals from a “sell” rating to a “hold” rating in a research report on Monday, April 1st. Finally, Credit Suisse Group upgraded shares of ConocoPhillips from a “neutral” rating to an “outperform” rating and set a $75.00 price target on the stock in a research report on Tuesday, April 30th.

Shares of NYSE:CIB traded down $0.26 on Friday, hitting $51.45. The stock had a trading volume of 185,186 shares, compared to its average volume of 231,101. Bancolombia has a twelve month low of $35.52 and a twelve month high of $55.40. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.76. The company has a 50 day moving average of $49.20. The company has a market cap of $12.37 billion, a P/E ratio of 14.78 and a beta of 0.73.



Bancolombia (NYSE:CIB) last issued its earnings results on Thursday, May 9th. The bank reported $1.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.11. Bancolombia had a net margin of 15.03% and a return on equity of 11.81%. The company had revenue of $1.09 billion for the quarter. On average, sell-side analysts forecast that Bancolombia will post 4.08 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, July 12th. Investors of record on Thursday, June 27th were given a dividend of $0.3339 per share. The ex-dividend date was Wednesday, June 26th. This represents a $1.34 annualized dividend and a yield of 2.60%. Bancolombia’s dividend payout ratio (DPR) is 35.92%.

A number of hedge funds and other institutional investors have recently modified their holdings of CIB. Scout Investments Inc. boosted its holdings in shares of Bancolombia by 10.5% in the 2nd quarter. Scout Investments Inc. now owns 348,205 shares of the bank’s stock valued at $17,772,000 after buying an additional 33,059 shares during the last quarter. Amundi Pioneer Asset Management Inc. boosted its holdings in shares of Bancolombia by 6.1% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 166,700 shares of the bank’s stock valued at $8,512,000 after buying an additional 9,600 shares during the last quarter. First Trust Advisors LP acquired a new stake in shares of Bancolombia in the 1st quarter valued at approximately $426,000. FMR LLC boosted its holdings in shares of Bancolombia by 249.7% in the 1st quarter. FMR LLC now owns 168,162 shares of the bank’s stock valued at $8,586,000 after buying an additional 120,074 shares during the last quarter. Finally, Lazard Asset Management LLC boosted its holdings in shares of Bancolombia by 5.6% in the 1st quarter. Lazard Asset Management LLC now owns 2,971,359 shares of the bank’s stock valued at $151,717,000 after buying an additional 157,305 shares during the last quarter. Institutional investors and hedge funds own 7.31% 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.

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Analyst Recommendations for Bancolombia (NYSE:CIB)

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