Santander Upgrades Bancolombia (CIB) to Hold

Bancolombia (NYSE:CIB) was upgraded by research analysts at Santander from an “underperform” rating to a “hold” rating in a report issued on Thursday, The Fly reports.

A number of other research analysts also recently weighed in on CIB. Standpoint Research raised shares of Bancolombia from a “hold” rating to an “accumulate” rating in a research report on Wednesday, March 7th. ValuEngine downgraded shares of Bancolombia from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Zacks Investment Research raised shares of Bancolombia from a “sell” rating to a “hold” rating in a research report on Friday, February 9th. UBS raised shares of Bancolombia from a “sell” rating to a “hold” rating in a research report on Monday, February 12th. Finally, JPMorgan Chase set a $41.00 target price on shares of Bancolombia and gave the company a “hold” rating in a research report on Friday, March 16th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $44.75.

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Bancolombia stock opened at $49.11 on Thursday. The firm has a market capitalization of $12,008.57, a P/E ratio of 13.61, a price-to-earnings-growth ratio of 1.25 and a beta of 0.53. Bancolombia has a 1-year low of $36.38 and a 1-year high of $51.38. The company has a quick ratio of 1.11, a current ratio of 1.12 and a debt-to-equity ratio of 0.80.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Lazard Asset Management LLC grew its position in shares of Bancolombia by 2.3% in the 4th quarter. Lazard Asset Management LLC now owns 1,643,311 shares of the bank’s stock valued at $65,173,000 after acquiring an additional 37,283 shares during the period. Marathon Asset Management LLP grew its position in shares of Bancolombia by 2.2% in the 4th quarter. Marathon Asset Management LLP now owns 595,721 shares of the bank’s stock valued at $23,813,000 after acquiring an additional 12,662 shares during the period. UBS Asset Management Americas Inc. grew its position in shares of Bancolombia by 33.1% in the 4th quarter. UBS Asset Management Americas Inc. now owns 150,421 shares of the bank’s stock valued at $5,966,000 after acquiring an additional 37,400 shares during the period. Barings LLC bought a new position in shares of Bancolombia in the 4th quarter valued at about $5,108,000. Finally, Schwab Charles Investment Management Inc. grew its position in shares of Bancolombia by 7.8% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 121,247 shares of the bank’s stock valued at $4,809,000 after acquiring an additional 8,804 shares during the period. 12.47% of the stock is owned by institutional investors.

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Bancolombia Company Profile

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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Analyst Recommendations for Bancolombia (NYSE:CIB)

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