BanColombia S.A. (NYSE:CIB) Receives Average Rating of “Hold” from Brokerages
Shares of BanColombia S.A. (NYSE:CIB) have earned a consensus recommendation of “Hold” from the nine ratings firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $44.33.
Several research analysts have weighed in on the company. BidaskClub upgraded BanColombia from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 1st. Zacks Investment Research downgraded BanColombia from a “buy” rating to a “hold” rating in a research note on Friday, June 9th. J P Morgan Chase & Co restated a “neutral” rating and issued a $41.00 price target (down from $42.00) on shares of BanColombia in a research note on Monday, June 5th. Credit Suisse Group set a $45.00 price target on BanColombia and gave the company a “hold” rating in a research note on Wednesday, May 24th. Finally, Standpoint Research downgraded BanColombia from a “buy” rating to a “hold” rating in a research note on Monday, May 22nd.
Shares of BanColombia (NYSE:CIB) traded up 0.36% during midday trading on Monday, hitting $44.06. The stock had a trading volume of 246,145 shares. BanColombia has a one year low of $31.98 and a one year high of $47.19. The firm has a 50 day moving average price of $44.34 and a 200 day moving average price of $39.88. The stock has a market cap of $10.59 billion, a PE ratio of 10.43 and a beta of 0.32.
The company also recently declared a special dividend, which will be paid on Friday, July 14th. Shareholders of record on Wednesday, July 5th will be given a dividend of $0.3116 per share. This represents a yield of 3.1%. The ex-dividend date of this dividend is Friday, June 30th. BanColombia’s dividend payout ratio (DPR) is presently 27.06%.
A number of large investors have recently bought and sold shares of the stock. Capstone Asset Management Co. increased its stake in BanColombia by 27.7% in the second quarter. Capstone Asset Management Co. now owns 17,742 shares of the bank’s stock worth $790,000 after buying an additional 3,850 shares during the period. Nomura Asset Management Co. Ltd. increased its stake 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. Tower Research Capital LLC TRC increased its stake in BanColombia by 1,627.3% in the first quarter. Tower Research Capital LLC TRC now owns 5,700 shares of the bank’s stock worth $227,000 after buying an additional 5,370 shares during the period. INCA Investments LLC increased its stake in BanColombia by 9.4% in the first quarter. INCA Investments LLC now owns 1,396,600 shares of the bank’s stock worth $55,682,000 after buying an additional 119,940 shares during the period. Finally, Driehaus Capital Management LLC purchased a new stake in BanColombia during the first quarter worth about $12,394,000. 16.06% of the stock is owned by hedge funds and other institutional investors.
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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