Equities analysts forecast that Bancolombia (NYSE:CIB) will report earnings of $0.91 per share for the current fiscal quarter, Zacks reports. Zero analysts have issued estimates for Bancolombia’s earnings. The highest EPS estimate is $0.96 and the lowest is $0.83. Bancolombia reported earnings per share of $0.88 during the same quarter last year, which indicates a positive year over year growth rate of 3.4%. The company is scheduled to announce its next quarterly earnings results on Tuesday, May 22nd.
According to Zacks, analysts expect that Bancolombia will report full year earnings of $3.96 per share for the current year, with EPS estimates ranging from $3.68 to $4.18. For the next fiscal year, analysts forecast that the company will post earnings of $4.64 per share, with EPS estimates ranging from $4.42 to $4.86. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Bancolombia.
A number of research analysts have commented on CIB shares. ValuEngine lowered shares of Bancolombia from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. Standpoint Research upgraded shares of Bancolombia from a “hold” rating to an “accumulate” rating in a research note on Wednesday, March 7th. JPMorgan Chase set a $41.00 price objective on shares of Bancolombia and gave the company a “hold” rating in a research note on Friday, March 16th. Zacks Investment Research upgraded shares of Bancolombia from a “sell” rating to a “hold” rating in a research note on Friday, February 9th. Finally, UBS upgraded shares of Bancolombia from a “sell” rating to a “hold” rating in a research note on Monday, February 12th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $44.75.
NYSE:CIB traded down $0.19 during midday trading on Monday, hitting $46.57. 420,112 shares of the company were exchanged, compared to its average volume of 401,220. Bancolombia has a fifty-two week low of $36.38 and a fifty-two week high of $48.74. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.12 and a quick ratio of 1.11. The firm has a market capitalization of $11,243.91, a P/E ratio of 12.79, a P/E/G ratio of 1.17 and a beta of 0.53.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 12th. Shareholders of record on Tuesday, March 27th will be paid a $0.3585 dividend. The ex-dividend date is Monday, March 26th. This is a positive change from Bancolombia’s previous quarterly dividend of $0.32. This represents a $1.43 dividend on an annualized basis and a yield of 3.08%. Bancolombia’s payout ratio is currently 40.11%.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Nationwide Fund Advisors boosted its holdings in shares of Bancolombia by 305.4% in the third quarter. Nationwide Fund Advisors now owns 80,279 shares of the bank’s stock valued at $3,676,000 after acquiring an additional 60,479 shares in the last quarter. First Trust Advisors LP purchased a new stake in shares of Bancolombia in the third quarter valued at about $230,000. Bank of New York Mellon Corp boosted its holdings in shares of Bancolombia by 4.1% in the third quarter. Bank of New York Mellon Corp now owns 62,129 shares of the bank’s stock valued at $2,845,000 after acquiring an additional 2,460 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Bancolombia by 3.1% in the third quarter. Ameriprise Financial Inc. now owns 431,058 shares of the bank’s stock valued at $19,732,000 after acquiring an additional 12,913 shares in the last quarter. Finally, Nordea Investment Management AB boosted its holdings in shares of Bancolombia by 17.8% in the third quarter. Nordea Investment Management AB now owns 80,785 shares of the bank’s stock valued at $3,699,000 after acquiring an additional 12,178 shares in the last quarter. Institutional investors own 12.53% of the company’s stock.
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Bancolombia SA provides various banking products and services to individual, corporate, and government customers throughout Colombia, Latin America, and the Caribbean region. The company operates through nine segments: Banking Colombia, Banking Panama, Banking El Salvador, Banking Guatemala, Trust, Investment Banking, Brokerage, Off Shore, and All Other.
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