BanColombia S.A. (NYSE:CIB) was downgraded by analysts at HSBC Holdings plc from a “buy” rating to a “hold” rating in a report issued on Tuesday.

Several other brokerages have also recently commented on CIB. Zacks Investment Research cut shares of BanColombia from a “buy” rating to a “hold” rating in a research report on Friday, June 9th. J P Morgan Chase & Co reissued a “neutral” rating and issued a $41.00 price target (down previously from $42.00) on shares of BanColombia in a research report on Monday, June 5th. BidaskClub raised shares of BanColombia from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 1st. Credit Suisse Group set a $45.00 price target on shares of BanColombia and gave the company a “hold” rating in a research report on Wednesday, May 24th. Finally, Standpoint Research cut shares of BanColombia from a “buy” rating to a “hold” rating in a research report on Monday, May 22nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. BanColombia has a consensus rating of “Hold” and an average price target of $43.50.

BanColombia (CIB) traded down 1.36% during mid-day trading on Tuesday, reaching $42.84. The company’s stock had a trading volume of 73,733 shares. The company’s 50-day moving average price is $44.06 and its 200 day moving average price is $41.42. BanColombia has a 52 week low of $31.98 and a 52 week high of $47.19. The firm has a market capitalization of $10.30 billion, a price-to-earnings ratio of 10.42 and a beta of 0.32.

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Several large investors have recently added to or reduced their stakes in CIB. Bank of Montreal Can boosted its stake in BanColombia by 2,896.6% in the first quarter. Bank of Montreal Can now owns 26,130 shares of the bank’s stock valued at $1,041,000 after buying an additional 25,258 shares during the period. GMT Capital Corp boosted its stake in BanColombia by 84.7% in the first quarter. GMT Capital Corp now owns 1,050,472 shares of the bank’s stock valued at $41,882,000 after buying an additional 481,800 shares during the period. Teachers Advisors LLC purchased a new stake in BanColombia during the fourth quarter valued at about $13,267,000. Huntington National Bank boosted its stake in BanColombia by 12.7% in the first quarter. Huntington National Bank now owns 3,235 shares of the bank’s stock valued at $129,000 after buying an additional 365 shares during the period. Finally, Vanguard Group Inc. boosted its stake in BanColombia by 4.4% in the first quarter. Vanguard Group Inc. now owns 3,050,136 shares of the bank’s stock valued at $121,609,000 after buying an additional 129,400 shares during the period. 15.94% of the stock is owned by institutional investors and hedge funds.

About BanColombia

Bancolombia SA (Bancolombia) is a financial institution engaged in providing a range of financial products and services to a diversified individual, corporate, and government customer base throughout Colombia, Latin America and the Caribbean region. The Bank operates through 10 segments: Banking Colombia, Banking Panama, Banking El Salvador, Leasing, Trust, Investment Banking, Brokerage, Off Shore and All other.

Analyst Recommendations for BanColombia (NYSE:CIB)

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