Bancolombia S.A. (NYSE:CIB) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Bancolombia S.A. (NYSE:CIBGet Rating) have received an average recommendation of “Moderate Buy” from the ten analysts that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $41.17.

A number of brokerages recently commented on CIB. TheStreet raised shares of Bancolombia from a “c+” rating to a “b-” rating in a research note on Tuesday. HSBC raised shares of Bancolombia from a “hold” rating to a “buy” rating in a research note on Friday, December 16th. Finally, UBS Group raised shares of Bancolombia from a “sell” rating to a “neutral” rating and reduced their price objective for the stock from $29.00 to $27.00 in a research note on Wednesday, October 19th.

Hedge Funds Weigh In On Bancolombia

A number of large investors have recently made changes to their positions in CIB. BlackRock Inc. increased its position in shares of Bancolombia by 25.1% during the first quarter. BlackRock Inc. now owns 2,227,183 shares of the bank’s stock worth $95,011,000 after purchasing an additional 446,778 shares in the last quarter. Moneda S.A. Administradora General de Fondos increased its position in shares of Bancolombia by 99.3% in the 3rd quarter. Moneda S.A. Administradora General de Fondos now owns 580,531 shares of the bank’s stock valued at $14,148,000 after acquiring an additional 289,288 shares during the period. Moneda USA Inc. acquired a new position in shares of Bancolombia in the 2nd quarter valued at $7,020,000. Philadelphia Financial Management of San Francisco LLC increased its position in shares of Bancolombia by 86.8% in the 2nd quarter. Philadelphia Financial Management of San Francisco LLC now owns 479,944 shares of the bank’s stock valued at $14,797,000 after acquiring an additional 223,072 shares during the period. Finally, Sagil Capital LLP acquired a new position in shares of Bancolombia in the 2nd quarter valued at $5,727,000. 1.89% of the stock is owned by institutional investors and hedge funds.

Bancolombia Stock Up 1.8 %

Shares of NYSE CIB opened at $30.03 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market capitalization of $7.22 billion, a price-to-earnings ratio of 4.49, a PEG ratio of 0.26 and a beta of 1.16. The stock has a 50 day moving average price of $27.12 and a 200 day moving average price of $27.48. Bancolombia has a 52-week low of $23.86 and a 52-week high of $45.98.

Bancolombia (NYSE:CIBGet Rating) last announced its quarterly earnings results on Thursday, November 10th. The bank reported $1.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.11). The firm had revenue of $1.45 billion during the quarter. Bancolombia had a net margin of 23.23% and a return on equity of 17.14%. Sell-side analysts expect that Bancolombia will post 6.18 earnings per share for the current year.

Bancolombia Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 19th. Stockholders of record on Friday, December 30th were given a dividend of $0.6545 per share. This represents a $2.62 dividend on an annualized basis and a dividend yield of 8.72%. The ex-dividend date was Thursday, December 29th. Bancolombia’s payout ratio is presently 30.49%.

About Bancolombia

(Get Rating)

Bancolombia SA provides various banking products and services to individual, corporate, and government customers in Colombia, Latin America, and the Caribbean region. It operates through following operating segments: Banking Colombia, Banking Panama, Banking El Salvador, Banking Guatemala, Trust, Investment banking, Brokerage, Off Shore and Others.

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Analyst Recommendations for Bancolombia (NYSE:CIB)

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