Bancolombia SA (CIB) Receives Consensus Recommendation of “Hold” from Analysts

Bancolombia SA (NYSE:CIB) has been assigned an average recommendation of “Hold” from the twelve analysts that are currently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $43.67.

CIB has been the topic of several research reports. Deutsche Bank downgraded Bancolombia from a “buy” rating to a “hold” rating and cut their target price for the company from $52.00 to $45.00 in a research report on Friday, October 27th. Zacks Investment Research downgraded Bancolombia from a “hold” rating to a “sell” rating in a research report on Tuesday, November 21st. Citigroup downgraded Bancolombia from a “neutral” rating to a “sell” rating in a research report on Tuesday, January 9th. UBS Group raised Bancolombia from a “sell” rating to a “hold” rating in a research report on Monday, February 12th. Finally, ValuEngine raised Bancolombia from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 14th.

A number of large investors have recently bought and sold shares of the business. Guggenheim Capital LLC boosted its holdings in Bancolombia by 432.0% in the fourth quarter. Guggenheim Capital LLC now owns 65,101 shares of the bank’s stock valued at $2,581,000 after purchasing an additional 52,864 shares during the last quarter. Jefferies Group LLC boosted its holdings in Bancolombia by 28.8% in the fourth quarter. Jefferies Group LLC now owns 8,995 shares of the bank’s stock valued at $357,000 after purchasing an additional 2,010 shares during the last quarter. Amundi Pioneer Asset Management Inc. purchased a new stake in Bancolombia in the fourth quarter valued at $682,000. AXA boosted its holdings in Bancolombia by 21.6% in the fourth quarter. AXA now owns 9,000 shares of the bank’s stock valued at $357,000 after purchasing an additional 1,600 shares during the last quarter. Finally, Lazard Asset Management LLC boosted its holdings in Bancolombia by 2.3% in the fourth quarter. Lazard Asset Management LLC now owns 1,643,311 shares of the bank’s stock valued at $65,173,000 after purchasing an additional 37,283 shares during the last quarter. 12.11% of the stock is currently owned by institutional investors.

Bancolombia (NYSE CIB) opened at $45.04 on Wednesday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.11 and a quick ratio of 1.11. Bancolombia has a 12-month low of $36.15 and a 12-month high of $48.74. The stock has a market capitalization of $10,851.96, a price-to-earnings ratio of 10.65, a P/E/G ratio of 2.47 and a beta of 0.46.

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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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