BanColombia S.A. (NYSE:CIB) has received a consensus recommendation of “Hold” from the eight research firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $44.33.

CIB has been the topic of a number of recent analyst reports. Bank of America Corporation cut shares of BanColombia from a “neutral” rating to an “underperform” rating in a research report on Friday, February 24th. 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 reaffirmed a “neutral” rating and issued a $41.00 target price (down previously from $42.00) on shares of BanColombia in a research report on Monday, June 5th. HSBC Holdings plc raised shares of BanColombia from a “hold” rating to a “buy” rating in a research report on Friday, March 17th. Finally, Credit Suisse Group set a $45.00 target price on shares of BanColombia and gave the company a “hold” rating in a research report on Wednesday, May 24th.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Harding Loevner LP boosted its position in BanColombia by 2.3% in the first quarter. Harding Loevner LP now owns 4,008,551 shares of the bank’s stock worth $159,821,000 after buying an additional 89,900 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of BanColombia by 4.4% in the first quarter. Vanguard Group Inc. now owns 3,050,136 shares of the bank’s stock worth $121,609,000 after buying an additional 129,400 shares during the period. Earnest Partners LLC raised its stake in shares of BanColombia by 4.6% in the first quarter. Earnest Partners LLC now owns 2,893,735 shares of the bank’s stock worth $115,373,000 after buying an additional 126,695 shares during the period. Lazard Asset Management LLC raised its stake in shares of BanColombia by 6.5% in the first quarter. Lazard Asset Management LLC now owns 2,020,672 shares of the bank’s stock worth $80,563,000 after buying an additional 123,959 shares during the period. Finally, FMR LLC raised its stake in shares of BanColombia by 24.5% in the first quarter. FMR LLC now owns 1,446,421 shares of the bank’s stock worth $57,669,000 after buying an additional 284,460 shares during the period. 16.06% of the stock is currently owned by institutional investors.

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BanColombia (NYSE CIB) traded up 0.79% on Tuesday, reaching $45.83. 558,955 shares of the company traded hands. The stock has a 50 day moving average of $43.45 and a 200-day moving average of $39.29. BanColombia has a 1-year low of $31.98 and a 1-year high of $46.26. The stock has a market capitalization of $11.02 billion, a price-to-earnings ratio of 10.53 and a beta of 0.35.

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.

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