Wall Street brokerages expect BanColombia S.A. (NYSE:CIB) to report $1.00 earnings per share (EPS) for the current quarter, Zacks reports. Zero analysts have made estimates for BanColombia’s earnings. The lowest EPS estimate is $0.97 and the highest is $1.04. BanColombia reported earnings of $1.03 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 2.9%. The firm is scheduled to announce its next earnings results after the market closes on Friday, August 18th.

According to Zacks, analysts expect that BanColombia will report full year earnings of $3.88 per share for the current year, with EPS estimates ranging from $3.66 to $4.05. For the next year, analysts anticipate that the firm will report earnings of $4.32 per share, with EPS estimates ranging from $4.04 to $4.76. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover BanColombia.

A number of equities analysts have recently weighed in on the company. Standpoint Research lowered BanColombia from a “buy” rating to a “hold” rating in a research note on Monday, May 22nd. Zacks Investment Research upgraded BanColombia from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a research note on Tuesday, March 7th. Credit Suisse Group set a $45.00 target price on BanColombia and gave the stock a “hold” rating in a research note on Wednesday, May 24th. HSBC Holdings plc upgraded BanColombia from a “hold” rating to a “buy” rating in a research note on Friday, March 17th. Finally, BidaskClub lowered BanColombia from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 23rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $43.50.

Shares of BanColombia (NYSE CIB) traded down 0.49% on Thursday, reaching $44.63. The company’s stock had a trading volume of 331,819 shares. BanColombia has a 1-year low of $31.98 and a 1-year high of $47.19. The firm has a market cap of $10.73 billion, a price-to-earnings ratio of 10.57 and a beta of 0.35. The company’s 50 day moving average is $43.81 and its 200-day moving average is $39.55.

The business also recently disclosed a special dividend, which will be paid on Friday, July 14th. Shareholders of record on Wednesday, July 5th will be paid a dividend of $0.3116 per share. The ex-dividend date is Friday, June 30th. This represents a yield of 3.1%. BanColombia’s dividend payout ratio (DPR) is presently 28.36%.

A number of institutional investors have recently bought and sold shares of CIB. Huntington National Bank raised its position in BanColombia by 12.7% in the first quarter. Huntington National Bank now owns 3,235 shares of the bank’s stock worth $129,000 after buying an additional 365 shares during the period. Advisors Preferred LLC bought a new position in BanColombia during the first quarter worth approximately $140,000. Federated Investors Inc. PA bought a new position in BanColombia during the fourth quarter worth approximately $150,000. Nomura Asset Management Co. Ltd. raised its position in BanColombia by 5.8% in the first quarter. Nomura Asset Management Co. Ltd. now owns 5,021 shares of the bank’s stock worth $200,000 after buying an additional 275 shares during the period. Finally, Teza Capital Management LLC bought a new position in BanColombia during the first quarter worth approximately $204,000. Hedge funds and other institutional investors own 16.06% of the company’s stock.

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About BanColombia

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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