Bancolombia SA (NYSE:CIB) has received a consensus recommendation of “Hold” from the twelve brokerages that are presently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a strong buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $43.67.
CIB has been the subject of a number of research reports. Citigroup cut shares of Bancolombia from a “neutral” rating to a “sell” rating in a research report on Tuesday, January 9th. UBS Group raised shares of Bancolombia from a “sell” rating to a “hold” rating in a research report on Monday, February 12th. Zacks Investment Research raised shares of Bancolombia from a “sell” rating to a “hold” rating in a research report on Friday, February 9th. ValuEngine raised shares of Bancolombia from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 14th. Finally, Deutsche Bank cut shares of Bancolombia from a “buy” rating to a “hold” rating and reduced their price target for the company from $52.00 to $45.00 in a research report on Friday, October 27th.
Institutional investors and hedge funds have recently made changes to their positions in the stock. US Bancorp DE lifted its position in Bancolombia by 55.3% in the fourth quarter. US Bancorp DE now owns 3,835 shares of the bank’s stock valued at $152,000 after acquiring an additional 1,366 shares during the last quarter. First Trust Advisors LP purchased a new stake in shares of Bancolombia in the third quarter valued at about $230,000. Citadel Advisors LLC purchased a new stake in shares of Bancolombia in the third quarter valued at about $270,000. Advisor Group Inc. raised its holdings in shares of Bancolombia by 94.3% in the third quarter. Advisor Group Inc. now owns 6,271 shares of the bank’s stock valued at $287,000 after buying an additional 3,044 shares during the last quarter. Finally, Virtu Financial LLC raised its holdings in shares of Bancolombia by 40.6% in the fourth quarter. Virtu Financial LLC now owns 7,237 shares of the bank’s stock valued at $287,000 after buying an additional 2,089 shares during the last quarter. 12.11% of the stock is owned by hedge funds and other institutional investors.
Shares of Bancolombia (CIB) traded down $0.31 during mid-day trading on Wednesday, hitting $45.48. 234,420 shares of the company were exchanged, compared to its average volume of 241,574. The company has a current ratio of 1.12, a quick ratio of 1.11 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $11,010.66, a P/E ratio of 10.75, a P/E/G ratio of 2.50 and a beta of 0.47. Bancolombia has a 12-month low of $36.15 and a 12-month high of $48.74.
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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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