BanColombia S.A. (CIB) Receives Consensus Rating of “Hold” from Analysts
Shares of BanColombia S.A. (NYSE:CIB) have earned a consensus recommendation of “Hold” from the nine ratings firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $44.33.
CIB has been the subject of several analyst reports. Standpoint Research cut BanColombia from a “buy” rating to a “hold” rating in a report on Monday, May 22nd. Credit Suisse Group set a $45.00 price objective on BanColombia and gave the company a “hold” rating in a report on Wednesday, May 24th. J P Morgan Chase & Co restated a “neutral” rating and issued a $41.00 price objective (down previously from $42.00) on shares of BanColombia in a report on Monday, June 5th. Zacks Investment Research cut BanColombia from a “buy” rating to a “hold” rating in a report on Friday, June 9th. Finally, BidaskClub cut BanColombia from a “strong-buy” rating to a “buy” rating in a report on Friday, June 23rd.
Shares of BanColombia (CIB) traded down 0.50% during mid-day trading on Friday, hitting $43.98. The company’s stock had a trading volume of 103,148 shares. BanColombia has a 1-year low of $31.98 and a 1-year high of $47.19. The company has a 50-day moving average price of $44.35 and a 200-day moving average price of $41.07. The stock has a market cap of $10.58 billion, a PE ratio of 10.41 and a beta of 0.32.
The company also recently announced a special dividend, which was paid on Friday, July 14th. Investors of record on Wednesday, July 5th were paid a $0.3116 dividend. The ex-dividend date of this dividend was Friday, June 30th. This represents a yield of 3.1%. BanColombia’s dividend payout ratio (DPR) is currently 26.62%.
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A number of large investors have recently modified their holdings of CIB. Huntington National Bank increased its stake in shares of BanColombia by 12.7% in the first quarter. Huntington National Bank now owns 3,235 shares of the bank’s stock valued at $129,000 after buying an additional 365 shares during the period. Advisors Preferred LLC purchased a new stake in shares of BanColombia during the first quarter valued at about $140,000. Nomura Asset Management Co. Ltd. increased its stake in shares of BanColombia by 5.8% in the first quarter. Nomura Asset Management Co. Ltd. now owns 5,021 shares of the bank’s stock valued at $200,000 after buying an additional 275 shares during the period. Teza Capital Management LLC purchased a new stake in shares of BanColombia during the first quarter valued at about $204,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of BanColombia by 1,627.3% in the first quarter. Tower Research Capital LLC TRC now owns 5,700 shares of the bank’s stock valued at $227,000 after buying an additional 5,370 shares during the period. Institutional investors and hedge funds own 16.28% of the company’s stock.
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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