Bancolombia SA (NYSE:CIB) has earned a consensus rating of “Hold” from the ten research firms that are covering the firm, Marketbeat reports. Four research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $43.67.

A number of brokerages have commented on CIB. Zacks Investment Research lowered Bancolombia from a “hold” rating to a “sell” rating in a report on Tuesday, November 21st. Deutsche Bank lowered Bancolombia from a “buy” rating to a “hold” rating and decreased their price objective for the company from $52.00 to $45.00 in a report on Friday, October 27th. J P Morgan Chase & Co lowered Bancolombia from a “neutral” rating to an “underweight” rating and set a $41.00 price objective on the stock. in a report on Wednesday, October 4th. Finally, Santander lowered Bancolombia from a “hold” rating to an “underperform” rating in a report on Wednesday, September 20th.

Bancolombia (NYSE:CIB) opened at $38.98 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a market capitalization of $9,211.91, a P/E ratio of 9.63, a P/E/G ratio of 2.26 and a beta of 0.34. Bancolombia has a 1-year low of $35.52 and a 1-year high of $48.74.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in Bancolombia by 13.0% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 27,105 shares of the bank’s stock valued at $1,241,000 after buying an additional 3,111 shares in the last quarter. Earnest Partners LLC grew its holdings in shares of Bancolombia by 3.9% during the 3rd quarter. Earnest Partners LLC now owns 2,956,142 shares of the bank’s stock worth $135,362,000 after purchasing an additional 111,384 shares in the last quarter. Caxton Associates LP acquired a new stake in shares of Bancolombia during the 3rd quarter worth $462,000. Harding Loevner LP grew its holdings in shares of Bancolombia by 1.2% during the 3rd quarter. Harding Loevner LP now owns 4,113,718 shares of the bank’s stock worth $188,367,000 after purchasing an additional 46,900 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its holdings in shares of Bancolombia by 7.3% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 112,443 shares of the bank’s stock worth $5,149,000 after purchasing an additional 7,668 shares in the last quarter. 13.33% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Bancolombia (NYSE:CIB)

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