Bancolombia SA (NYSE:CIB) has received an average rating of “Hold” from the six analysts that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company.

CIB has been the subject of several recent analyst reports. Zacks Investment Research downgraded shares of Bancolombia from a “hold” rating to a “sell” rating in a report on Monday, December 24th. ValuEngine raised shares of Bancolombia from a “sell” rating to a “hold” rating in a report on Wednesday, December 26th. Bank of America raised shares of Bancolombia from a “neutral” rating to a “buy” rating in a report on Tuesday, January 22nd. JPMorgan Chase & Co. raised shares of Bancolombia from an “underweight” rating to a “neutral” rating in a report on Monday, February 25th. Finally, Citigroup raised shares of Bancolombia from a “neutral” rating to a “buy” rating in a report on Wednesday, April 17th.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CIB. Genesis Asset Managers LLP boosted its holdings in shares of Bancolombia by 43.9% during the 4th quarter. Genesis Asset Managers LLP now owns 2,255,752 shares of the bank’s stock valued at $85,944,000 after purchasing an additional 687,889 shares during the last quarter. Norges Bank bought a new position in shares of Bancolombia during the 4th quarter valued at about $22,577,000. Baillie Gifford & Co. bought a new position in shares of Bancolombia during the 4th quarter valued at about $21,446,000. BlackRock Inc. boosted its holdings in shares of Bancolombia by 36.5% during the 3rd quarter. BlackRock Inc. now owns 1,737,961 shares of the bank’s stock valued at $72,509,000 after purchasing an additional 464,691 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Bancolombia by 82.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 212,277 shares of the bank’s stock valued at $8,856,000 after purchasing an additional 95,994 shares during the last quarter. 6.40% of the stock is owned by institutional investors and hedge funds.

Shares of Bancolombia stock opened at $53.08 on Monday. The firm has a market capitalization of $12.76 billion, a P/E ratio of 14.50, a PEG ratio of 0.93 and a beta of 0.67. The company has a quick ratio of 1.12, a current ratio of 1.11 and a debt-to-equity ratio of 0.76. Bancolombia has a fifty-two week low of $35.52 and a fifty-two week high of $55.40.

Bancolombia (NYSE:CIB) last issued its earnings results on Thursday, February 21st. The bank reported $1.28 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.36. The company had revenue of $1.28 billion during the quarter. Bancolombia had a net margin of 13.80% and a return on equity of 8.93%. On average, sell-side analysts forecast that Bancolombia will post 4.4 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Monday, April 8th were issued a $0.3423 dividend. The ex-dividend date was Friday, April 5th. This represents a $1.37 annualized dividend and a yield of 2.58%. This is an increase from Bancolombia’s previous quarterly dividend of $0.32.

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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