Bancolombia S.A. (NYSE:CIB – Get Rating) has received a consensus rating of “Moderate Buy” from the eight analysts that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $44.00.
A number of research analysts have recently commented on CIB shares. Citigroup upgraded Bancolombia from a “neutral” rating to a “buy” rating in a report on Tuesday, May 3rd. TheStreet downgraded Bancolombia from a “b-” rating to a “c+” rating in a research note on Wednesday, July 27th. JPMorgan Chase & Co. downgraded Bancolombia from an “overweight” rating to a “neutral” rating and set a $46.00 price target on the stock. in a research note on Tuesday, April 12th. Finally, Credit Suisse Group upgraded Bancolombia from a “neutral” rating to an “outperform” rating and set a $35.00 price target on the stock in a research note on Tuesday.
Bancolombia Trading Up 1.0 %
CIB opened at $29.23 on Friday. Bancolombia has a one year low of $26.27 and a one year high of $45.98. The company has a market cap of $7.03 billion, a P/E ratio of 5.10, a PEG ratio of 0.27 and a beta of 1.27. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.04 and a current ratio of 1.04. The business’s 50-day simple moving average is $33.70 and its 200-day simple moving average is $36.65.
Bancolombia Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, July 11th. Shareholders of record on Wednesday, June 29th were paid a $0.825 dividend. The ex-dividend date was Tuesday, June 28th. This represents a $3.30 annualized dividend and a dividend yield of 11.29%. Bancolombia’s dividend payout ratio (DPR) is currently 45.38%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Bancolombia by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 3,947,191 shares of the bank’s stock valued at $168,387,000 after purchasing an additional 45,272 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Bancolombia by 25.1% in the 1st quarter. BlackRock Inc. now owns 2,227,183 shares of the bank’s stock valued at $95,011,000 after buying an additional 446,778 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in shares of Bancolombia in the 4th quarter valued at approximately $29,536,000. Itau Unibanco Holding S.A. acquired a new stake in shares of Bancolombia in the 4th quarter valued at approximately $16,709,000. Finally, Moneda S.A. Administradora General de Fondos lifted its holdings in shares of Bancolombia by 2,317.0% in the 2nd quarter. Moneda S.A. Administradora General de Fondos now owns 291,243 shares of the bank’s stock valued at $8,979,000 after buying an additional 279,193 shares during the period. 3.72% of the stock is currently owned by hedge funds and other institutional investors.
Bancolombia Company Profile
Bancolombia SA provides banking products and services in Colombia, Panama, Puerto Rico, El Salvador, Costa Rica, and Guatemala. The company operates through nine segments: Banking Colombia, Banking Panama, Banking El Salvador, Banking Guatemala, Trust, Investment Banking, Brokerage, International Banking, and All Other.
- Get a free copy of the StockNews.com research report on Bancolombia (CIB)
- Can FuelCell Energy Surge Higher This Year?
- Is It Time to Take a Ride on Cedar Fair Stock?
- These Are The Top Insider Buying Stocks For July
- Time To Take A Serious Look At Nikola Stock As Production Starts
- Chipotle Mexican Grill Or Shake Shak? Which Is The Tastier Play
Receive News & Ratings for Bancolombia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bancolombia and related companies with MarketBeat.com's FREE daily email newsletter.