Bancolombia (NYSE:CIB) Posts Earnings Results, Beats Expectations By $0.22 EPS

Bancolombia (NYSE:CIB) issued its quarterly earnings results on Thursday. The bank reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.22, Zacks reports. Bancolombia had a net margin of 13.46% and a return on equity of 14.75%.

Bancolombia Stock Performance

Bancolombia stock traded up $1.42 during mid-day trading on Thursday, reaching $42.94. The company’s stock had a trading volume of 834,460 shares, compared to its average volume of 424,466. The firm has a market cap of $10.32 billion, a price-to-earnings ratio of 6.80, a PEG ratio of 2.34 and a beta of 1.22. The business has a 50 day moving average price of $35.10 and a 200-day moving average price of $33.31. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.34. Bancolombia has a twelve month low of $30.25 and a twelve month high of $44.25.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley upgraded shares of Bancolombia from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $40.00 to $53.00 in a research note on Tuesday, January 28th.

About Bancolombia

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.