BanColombia S.A. (NYSE:CIB) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Tuesday.

According to Zacks, “BanColombia is Colombia’s largest bank in terms of assets and also has the largest market participation in deposit products and loans. “

Other equities analysts also recently issued reports about the stock. Santander downgraded shares of BanColombia from a “hold” rating to an “underperform” rating in a report on Wednesday, September 20th. J P Morgan Chase & Co downgraded shares of BanColombia from a “neutral” rating to an “underweight” rating and set a $41.00 price objective on the stock. in a report on Wednesday, October 4th. BidaskClub downgraded shares of BanColombia from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. downgraded shares of BanColombia from a “buy” rating to a “hold” rating in a report on Tuesday, August 15th. Finally, Deutsche Bank AG downgraded shares of BanColombia from a “buy” rating to a “hold” rating and decreased their price objective for the company from $52.00 to $45.00 in a report on Friday, October 27th. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $46.00.

Shares of BanColombia (NYSE:CIB) opened at $39.50 on Tuesday. BanColombia has a twelve month low of $32.02 and a twelve month high of $48.74. The stock has a market cap of $9,341.75, a price-to-earnings ratio of 9.76, a P/E/G ratio of 2.29 and a beta of 0.33. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.83.

COPYRIGHT VIOLATION NOTICE: This report was originally reported by Watch List News and is the property of of Watch List News. If you are viewing this report on another publication, it was illegally stolen and republished in violation of international copyright & trademark law. The correct version of this report can be viewed at https://www.watchlistnews.com/bancolombia-s-a-cib-stock-rating-lowered-by-zacks-investment-research/1720683.html.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Harding Loevner LP lifted its stake in shares of BanColombia by 1.2% in the third quarter. Harding Loevner LP now owns 4,113,718 shares of the bank’s stock worth $188,367,000 after buying an additional 46,900 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of BanColombia by 3.3% in the second quarter. Vanguard Group Inc. now owns 3,150,030 shares of the bank’s stock worth $140,334,000 after buying an additional 99,894 shares in the last quarter. Earnest Partners LLC lifted its stake in shares of BanColombia by 3.9% in the third quarter. Earnest Partners LLC now owns 2,956,142 shares of the bank’s stock worth $135,362,000 after buying an additional 111,384 shares in the last quarter. Polaris Capital Management LLC purchased a new position in shares of BanColombia in the second quarter worth about $126,277,000. Finally, Lazard Asset Management LLC lifted its stake in shares of BanColombia by 1.9% in the second quarter. Lazard Asset Management LLC now owns 2,058,306 shares of the bank’s stock worth $91,697,000 after buying an additional 37,634 shares in the last quarter. 14.13% of the stock is currently owned by institutional investors and hedge funds.

BanColombia Company Profile

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)

Receive News & Ratings for BanColombia S.A. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BanColombia S.A. and related companies with Analyst Ratings Network's FREE daily email newsletter.