Analysts predict that Bancolombia SA (NYSE:CIB) will post earnings per share of $0.90 for the current quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Bancolombia’s earnings. The highest EPS estimate is $0.92 and the lowest is $0.87. Bancolombia posted earnings per share of $0.64 during the same quarter last year, which would indicate a positive year-over-year growth rate of 40.6%. The company is scheduled to report its next earnings results on Thursday, October 25th.

According to Zacks, analysts expect that Bancolombia will report full year earnings of $3.64 per share for the current year, with EPS estimates ranging from $3.53 to $3.79. For the next fiscal year, analysts forecast that the company will report earnings of $4.50 per share, with EPS estimates ranging from $4.33 to $4.66. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that follow Bancolombia.

Bancolombia (NYSE:CIB) last released its earnings results on Wednesday, August 1st. The bank reported $0.84 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.89 by ($0.05). Bancolombia had a net margin of 10.59% and a return on equity of 8.67%. The business had revenue of $1.12 billion for the quarter.

Several research firms have recently issued reports on CIB. ValuEngine upgraded shares of Bancolombia from a “strong sell” rating to a “sell” rating in a report on Friday, September 21st. Bank of America upgraded shares of Bancolombia from an “underperform” rating to a “neutral” rating in a report on Wednesday, June 13th. Zacks Investment Research lowered shares of Bancolombia from a “hold” rating to a “sell” rating in a report on Monday, August 13th. Finally, Citigroup upgraded shares of Bancolombia from a “sell” rating to a “neutral” rating in a report on Monday, August 27th. Two research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. Bancolombia presently has an average rating of “Hold” and a consensus target price of $45.67.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Rational Advisors LLC raised its holdings in Bancolombia by 60.0% in the 2nd quarter. Rational Advisors LLC now owns 2,934 shares of the bank’s stock worth $140,000 after acquiring an additional 1,100 shares during the last quarter. V Wealth Management LLC purchased a new position in Bancolombia in the 2nd quarter worth approximately $219,000. Trexquant Investment LP purchased a new position in Bancolombia in the 1st quarter worth approximately $220,000. Nomura Asset Management Co. Ltd. raised its holdings in Bancolombia by 61.2% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 9,221 shares of the bank’s stock worth $387,000 after acquiring an additional 3,500 shares during the last quarter. Finally, Quantbot Technologies LP grew its position in Bancolombia by 479.3% in the 1st quarter. Quantbot Technologies LP now owns 10,237 shares of the bank’s stock worth $430,000 after purchasing an additional 8,470 shares during the period. Institutional investors own 10.97% of the company’s stock.

Shares of CIB stock traded up $0.46 during trading hours on Friday, hitting $41.58. 221,400 shares of the company’s stock traded hands, compared to its average volume of 378,097. Bancolombia has a 12-month low of $36.38 and a 12-month high of $51.38. The firm has a market capitalization of $10.11 billion, a price-to-earnings ratio of 11.42, a PEG ratio of 0.81 and a beta of 0.44. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.12 and a current ratio of 1.12.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 11th. Stockholders of record on Thursday, September 27th will be issued a dividend of $0.334 per share. The ex-dividend date of this dividend is Wednesday, September 26th. This represents a $1.34 annualized dividend and a dividend yield of 3.21%. Bancolombia’s payout ratio is 38.46%.

About Bancolombia

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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