2 weeks Ago By ABMN Staff
Bancolombia S.A. ( NYSE:CIB – Get Free Report ) gapped down before the market opened on Friday .
The stock had previously closed at $33.02, but opened at $32.33.
Bancolombia shares last traded at $32.17, with a volume of 96,224 shares. Wall Street Analysts Forecast Growth Several analysts have issued reports on CIB shares.
The Goldman Sachs Group downgraded shares of Bancolombia from a “neutral” rating to a “sell” rating and cut their target price for the company from $34.00 to $32.00 in a research note on Tuesday, August 20th.
Bank of America lowered Bancolombia from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $38.00 to $34.00 in a research report on Thursday, August 29th.
Finally, JPMorgan Chase & Co. decreased their price objective on Bancolombia from $36.00 to $35.
00 and set an “underweight” rating for the company in a research report on Monday, August 12th. Three analysts have rated the stock with a sell rating and two have given a hold rating to the stock. According to MarketBeat.
com, Bancolombia has an average rating of “Reduce” and an average price target of $32.40. View Our Latest Research Report on Bancolombia Bancolombia Trading Down 0.
6 % Bancolombia ( NYSE:CIB – Get Free Report ) last announced its quarterly earnings results on Thursday, August 8th. The bank reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.
43 by $0.01. The business had revenue of $1.
77 billion during the quarter, compared to analyst estimates of $1.82 billion. Bancolombia had a return on equity of 15.
68% and a net margin of 13.73%. As a group, analysts expect that Bancolombia S.
A. will post 5.99 EPS for the current fiscal year.
Bancolombia Cuts Dividend The firm also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 27th will be given a $0.8456 dividend.
This represents a $3.38 annualized dividend and a yield of 10.58%.
The ex-dividend date is Friday, September 27th. Bancolombia’s dividend payout ratio is 53.14%.
Institutional Inflows and Outflows Hedge funds and other institutional investors have recently modified their holdings of the business. Parallel Advisors LLC boosted its holdings in Bancolombia by 164.9% in the fourth quarter.
Parallel Advisors LLC now owns 2,069 shares of the bank’s stock worth $64,000 after purchasing an additional 1,288 shares in the last quarter. Virtus Investment Advisers Inc. bought a new stake in shares of Bancolombia during the 1st quarter worth about $89,000.
V Square Quantitative Management LLC acquired a new position in shares of Bancolombia during the 4th quarter valued at about $117,000. Barometer Capital Management Inc. bought a new position in shares of Bancolombia in the 4th quarter valued at approximately $123,000.
Finally, Signaturefd LLC lifted its holdings in Bancolombia by 10.6% in the 2nd quarter. Signaturefd LLC now owns 5,053 shares of the bank’s stock worth $165,000 after purchasing an additional 484 shares during the last quarter.
Bancolombia Company Profile ( Get Free Report ) Bancolombia SA, together with its subsidiaries, provides banking products and services in Colombia and internationally. The company operates through nine segments: Banking Colombia, Banking Panama, Banking El Salvador, Banking Guatemala, Trust, Investment Banking, Brokerage, International Banking, and All Other. Featured Stories 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.
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