Bancolombia SA (NYSE:CIB) has been assigned an average recommendation of “Hold” from the seven ratings firms that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have given a buy recommendation to the company.
CIB has been the topic of a number of recent research reports. Zacks Investment Research raised Bancolombia from a “strong sell” rating to a “hold” rating in a report on Friday, March 1st. Citigroup raised Bancolombia from a “neutral” rating to a “buy” rating in a report on Wednesday, April 17th. ValuEngine raised Bancolombia from a “hold” rating to a “buy” rating in a report on Thursday, March 21st. Bank of America raised Bancolombia from a “neutral” rating to a “buy” rating in a report on Tuesday, January 22nd. Finally, JPMorgan Chase & Co. raised Bancolombia from an “underweight” rating to a “neutral” rating in a report on Monday, February 25th.
Shares of NYSE CIB traded down $0.26 during midday trading on Friday, hitting $45.92. 1,340 shares of the stock traded hands, compared to its average volume of 341,506. The stock has a market capitalization of $11.09 billion, a price-to-earnings ratio of 11.62, a PEG ratio of 0.81 and a beta of 0.66. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.10 and a quick ratio of 1.10. Bancolombia has a one year low of $35.52 and a one year high of $55.40.
Bancolombia (NYSE:CIB) last released its quarterly earnings results on Thursday, February 21st. The bank reported $1.28 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.36. The firm had revenue of $1.28 billion for the quarter. Bancolombia had a return on equity of 11.81% and a net margin of 15.03%. Equities research analysts anticipate that Bancolombia will post 4.38 EPS for the current year.
Large investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in shares of Bancolombia by 0.4% during the third quarter. Vanguard Group Inc. now owns 3,754,870 shares of the bank’s stock valued at $156,653,000 after buying an additional 13,683 shares during the period. Lazard Asset Management LLC raised its stake in shares of Bancolombia by 5.6% during the first quarter. Lazard Asset Management LLC now owns 2,971,359 shares of the bank’s stock valued at $151,717,000 after acquiring an additional 157,305 shares in the last quarter. Genesis Asset Managers LLP raised its stake in Bancolombia by 8.3% in the first quarter. Genesis Asset Managers LLP now owns 2,442,880 shares of the bank’s stock worth $124,733,000 after buying an additional 187,128 shares in the last quarter. Wells Fargo & Company MN raised its stake in Bancolombia by 29.9% in the first quarter. Wells Fargo & Company MN now owns 1,513,332 shares of the bank’s stock worth $77,271,000 after buying an additional 348,265 shares in the last quarter. Finally, Baillie Gifford & Co. raised its stake in Bancolombia by 50.1% in the first quarter. Baillie Gifford & Co. now owns 845,117 shares of the bank’s stock worth $43,152,000 after buying an additional 282,223 shares in the last quarter. 6.80% of the stock is currently owned by institutional investors and hedge funds.
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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