$0.86 Earnings Per Share Expected for Bancolombia SA (CIB) This Quarter

Equities research analysts expect Bancolombia SA (NYSE:CIB) to post earnings of $0.86 per share for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Bancolombia’s earnings, with the highest EPS estimate coming in at $1.04 and the lowest estimate coming in at $0.66. Bancolombia reported earnings of $1.57 per share in the same quarter last year, which indicates a negative year over year growth rate of 45.2%. The firm is expected to announce its next earnings report on Tuesday, February 20th.

On average, analysts expect that Bancolombia will report full-year earnings of $3.42 per share for the current fiscal year, with EPS estimates ranging from $3.30 to $3.53. For the next year, analysts forecast that the business will post earnings of $3.69 per share, with EPS estimates ranging from $3.47 to $3.90. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Bancolombia.

Several analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Bancolombia from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th. Deutsche Bank downgraded shares of Bancolombia from a “buy” rating to a “hold” rating and reduced their price target for the company from $52.00 to $45.00 in a research report on Friday, October 27th. JPMorgan Chase & Co. downgraded shares of Bancolombia from a “neutral” rating to an “underweight” rating and set a $41.00 price target for the company. in a research report on Wednesday, October 4th. Finally, Santander downgraded shares of Bancolombia from a “hold” rating to an “underperform” rating in a research report on Wednesday, September 20th. Four analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $46.00.

Bancolombia (NYSE CIB) traded up $0.90 during trading hours on Friday, hitting $43.09. 194,693 shares of the stock traded hands, compared to its average volume of 214,562. Bancolombia has a 12 month low of $36.15 and a 12 month high of $48.74. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.83. The company has a market cap of $10,361.42, a price-to-earnings ratio of 10.19, a P/E/G ratio of 2.36 and a beta of 0.34.

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 8th. Investors of record on Tuesday, December 26th will be given a $0.315 dividend. The ex-dividend date of this dividend is Friday, December 22nd. This represents a $1.26 annualized dividend and a yield of 2.92%. This is an increase from Bancolombia’s previous quarterly dividend of $0.30. Bancolombia’s dividend payout ratio (DPR) is presently 29.79%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Harding Loevner LP boosted its holdings in 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 acquiring an additional 46,900 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Bancolombia by 3.3% during the 2nd quarter. Vanguard Group Inc. now owns 3,150,030 shares of the bank’s stock worth $140,334,000 after acquiring an additional 99,894 shares during the last quarter. Earnest Partners LLC boosted its holdings in 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 acquiring an additional 111,384 shares during the last quarter. Polaris Capital Management LLC purchased a new position in Bancolombia during the 2nd quarter worth $126,277,000. Finally, Lazard Asset Management LLC boosted its holdings in Bancolombia by 1.9% during the 2nd quarter. Lazard Asset Management LLC now owns 2,058,306 shares of the bank’s stock worth $91,697,000 after acquiring an additional 37,634 shares during the last quarter. 13.32% of the stock is owned by institutional investors and hedge funds.

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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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