Citigroup – BidaskClub Upgrades Bancolombia (NYSE:CIB) to Purchase
Bancolombia (NYSE:CIB) was upgraded by equities analysis analysts at BidaskClub from a “maintain” score to a “purchase” score in a report issued on Saturday, BidAskClub studies.
Quite a lot of different equities analysts have additionally just lately commented on CIB. Citigroup Inc. 3% Minimal Coupon Principal Protected Based mostly Upon Russell lower Bancolombia from a “purchase” score to a “impartial” score in a report on Tuesday, October 27th. Zacks Funding Analysis raised Bancolombia from a “promote” score to a “maintain” score in a report on Friday, November 20th. Smith Barney Citigroup lower Bancolombia from a “purchase” score to a “impartial” score in a report on Tuesday, October 27th. Lastly, ValuEngine raised Bancolombia from a “maintain” score to a “purchase” score in a report on Tuesday, November 17th. Two equities analysis analysts have rated the stock with a promote score, 5 have given a maintain score and three have issued a purchase score to the corporate. The stock has a median score of “Maintain” and a median price goal of $29.33.
Bancolombia stock opened at $37.89 on Friday. The corporate has a debt-to-equity ratio of 0.72, a fast ratio of 1.01 and a present ratio of 1.01. Bancolombia has a 52 week low of $16.27 and a 52 week excessive of $56.10. The stock has a market capitalization of $9.11 billion, a P/E ratio of 32.66, a price-to-earnings-growth ratio of 4.06 and a beta of 1.26. The stock has a fifty day shifting common of $29.72 and a 200-day shifting common of $27.88.
Bancolombia (NYSE:CIB) final posted its quarterly earnings outcomes on Thursday, November 12th. The bank reported $0.30 EPS for the quarter, lacking analysts’ consensus estimates of $0.32 by ($0.02). Bancolombia had a return on fairness of three.35% and a web margin of 4.78%. The enterprise had income of $1.02 billion for the quarter. On common, analysis analysts forecast that Bancolombia will publish 0.74 earnings per share for the present 12 months.
Hedge funds have just lately modified their holdings of the corporate. Kore Personal Wealth LLC elevated its stake in shares of Bancolombia by 50.1% within the second quarter. Kore Personal Wealth LLC now owns 1,870 shares of the bank’s stock valued at $49,000 after shopping for an extra 624 shares in the course of the interval. Signaturefd LLC elevated its place in Bancolombia by 36.7% within the third quarter. Signaturefd LLC now owns 4,254 shares of the bank’s stock worth $109,000 after shopping for an extra 1,141 shares over the last quarter. US Bancorp DE elevated its place in Bancolombia by 111.2% within the second quarter. US Bancorp DE now owns 5,872 shares of the bank’s stock worth $155,000 after shopping for an extra 3,092 shares over the last quarter. Dimension Capital Administration LLC bought a brand new stake in Bancolombia within the third quarter worth $157,000. Lastly, First Belief Advisors LP bought a brand new stake in Bancolombia within the first quarter worth $426,000. 4.21% of the stock is owned by institutional traders.
Bancolombia S. A. offers numerous banking services to particular person and company clients in Colombia, Panama, Puerto Rico, El Salvador, Costa Rica, and Guatemala. The corporate operates by way of 9 segments: Banking Colombia, Banking Panama, Banking El Salvador, Banking Guatemala, Belief, Funding Banking, Brokerage, Off Shore, and All different.
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