BanColombia S.A. (CIB) Given Consensus Rating of “Hold” by Analysts
Shares of BanColombia S.A. (NYSE:CIB) have been assigned a consensus rating of “Hold” from the ten analysts that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $43.67.
A number of research firms have commented on CIB. BidaskClub cut BanColombia from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Zacks Investment Research upgraded BanColombia from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a research note on Friday, September 15th. Deutsche Bank AG cut BanColombia from a “buy” rating to a “hold” rating and decreased their price target for the company from $52.00 to $45.00 in a research note on Friday, October 27th. Santander cut BanColombia from a “hold” rating to an “underperform” rating in a research note on Wednesday, September 20th. Finally, J P Morgan Chase & Co cut BanColombia from a “neutral” rating to an “underweight” rating and set a $41.00 price target for the company. in a research note on Wednesday, October 4th.
Shares of BanColombia (NYSE CIB) opened at $38.63 on Monday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.83. BanColombia has a 12 month low of $31.98 and a 12 month high of $48.74. The company has a market capitalization of $9,288.85, a PE ratio of 9.71, a price-to-earnings-growth ratio of 1.68 and a beta of 0.33.
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Several large investors have recently made changes to their positions in the company. Harding Loevner LP raised its stake in shares of BanColombia by 1.5% in the second quarter. Harding Loevner LP now owns 4,066,818 shares of the bank’s stock worth $181,177,000 after purchasing an additional 58,267 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of BanColombia by 3.3% in the second quarter. Vanguard Group Inc. now owns 3,150,030 shares of the bank’s stock worth $140,334,000 after purchasing an additional 99,894 shares during the last quarter. Polaris Capital Management LLC purchased a new position in shares of BanColombia in the second quarter worth about $126,277,000. Lazard Asset Management LLC raised its stake in shares of BanColombia by 1.9% in the second quarter. Lazard Asset Management LLC now owns 2,058,306 shares of the bank’s stock worth $91,697,000 after purchasing an additional 37,634 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of BanColombia by 419.6% in the third quarter. JPMorgan Chase & Co. now owns 1,874,923 shares of the bank’s stock worth $85,647,000 after purchasing an additional 1,514,103 shares during the last quarter. Hedge funds and other institutional investors own 14.88% 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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