Shares of Bancolombia SA (NYSE:CIB) have earned an average rating of “Hold” from the seven analysts that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating on the company.
Several research firms recently weighed in on CIB. ValuEngine lowered shares of Bancolombia from a “buy” rating to a “hold” rating in a research report on Monday, April 1st. Credit Suisse Group lowered shares of Bancolombia from a “neutral” rating to an “underperform” rating in a research report on Tuesday, April 30th. JPMorgan Chase & Co. upgraded shares of Bancolombia from an “underweight” rating to a “neutral” rating in a research report on Monday, February 25th. Zacks Investment Research lowered shares of Bancolombia from a “buy” rating to a “hold” rating in a research report on Monday, May 13th. Finally, Citigroup upgraded shares of Bancolombia from a “neutral” rating to a “buy” rating in a research report on Wednesday, April 17th.
NYSE CIB opened at $47.85 on Tuesday. Bancolombia has a 1 year low of $35.52 and a 1 year high of $55.40. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.10 and a quick ratio of 1.10. The firm has a market capitalization of $11.81 billion, a PE ratio of 13.75 and a beta of 0.70.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Thursday, June 27th will be given a dividend of $0.3339 per share. The ex-dividend date of this dividend is Wednesday, June 26th. This represents a $1.34 annualized dividend and a yield of 2.79%. Bancolombia’s payout ratio is currently 36.78%.
Institutional investors and hedge funds have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA grew its position in Bancolombia by 167.7% during the first quarter. BNP Paribas Arbitrage SA now owns 621 shares of the bank’s stock valued at $32,000 after buying an additional 389 shares during the period. Lindbrook Capital LLC bought a new position in Bancolombia during the fourth quarter valued at about $31,000. Parallel Advisors LLC lifted its holdings in Bancolombia by 45.7% during the first quarter. Parallel Advisors LLC now owns 845 shares of the bank’s stock valued at $43,000 after purchasing an additional 265 shares during the last quarter. Bartlett & Co. LLC purchased a new stake in Bancolombia during the first quarter valued at about $64,000. Finally, PNC Financial Services Group Inc. lifted its holdings in Bancolombia by 37.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,914 shares of the bank’s stock valued at $73,000 after purchasing an additional 519 shares during the last quarter. Institutional investors own 7.31% of the company’s stock.
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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