Bancolombia (NYSE:CIB) Stock Price Passes Above Two Hundred Day Moving Average of $27.51

Bancolombia S.A. (NYSE:CIB – Get Rating)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $27.51 and traded as high as $29.51. Bancolombia shares last traded at $29.49, with a volume of 206,328 shares traded.

Analysts Set New Price Targets

Several research analysts recently weighed in on CIB shares. UBS Group upgraded shares of Bancolombia from a “sell” rating to a “neutral” rating and cut their price target for the stock from $29.00 to $27.00 in a report on Wednesday, October 19th. TheStreet upgraded shares of Bancolombia from a “c+” rating to a “b-” rating in a report on Tuesday. Finally, HSBC upgraded shares of Bancolombia from a “hold” rating to a “buy” rating in a report on Friday, December 16th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $41.17.

Bancolombia Trading Up 1.5 %

The company has a debt-to-equity ratio of 0.48, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market capitalization of $7.09 billion, a PE ratio of 4.41, a PEG ratio of 0.26 and a beta of 1.16. The stock’s 50 day simple moving average is $27.05 and its two-hundred day simple moving average is $27.51.

Bancolombia (NYSE:CIB – Get Rating) last posted its quarterly earnings results on Thursday, November 10th. The bank reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.59 by ($0.11). Bancolombia had a net margin of 23.23% and a return on equity of 17.14%. The business had revenue of $1.45 billion during the quarter. On average, sell-side analysts expect that Bancolombia S.A. will post 6.18 EPS for the current year.

Bancolombia Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 19th. Stockholders of record on Friday, December 30th were given a $0.6545 dividend. This represents a $2.62 annualized dividend and a dividend yield of 8.88%. The ex-dividend date was Thursday, December 29th. Bancolombia’s dividend payout ratio (DPR) is currently 30.49%.

Institutional Trading of Bancolombia

Several hedge funds and other institutional investors have recently modified their holdings of the business. PNC Financial Services Group Inc. raised its position in shares of Bancolombia by 13.7% in the first quarter. PNC Financial Services Group Inc. now owns 2,719 shares of the bank’s stock valued at $117,000 after purchasing an additional 327 shares during the period. Advisor Group Holdings Inc. increased its holdings in Bancolombia by 12.0% during the 1st quarter. Advisor Group Holdings Inc. now owns 5,173 shares of the bank’s stock worth $221,000 after acquiring an additional 553 shares during the period. Atlas Capital Advisors LLC increased its holdings in Bancolombia by 47.7% during the 3rd quarter. Atlas Capital Advisors LLC now owns 1,858 shares of the bank’s stock worth $45,000 after acquiring an additional 600 shares during the period. US Bancorp DE increased its holdings in Bancolombia by 7.7% during the 1st quarter. US Bancorp DE now owns 8,982 shares of the bank’s stock worth $383,000 after acquiring an additional 643 shares during the period. Finally, Pinebridge Investments L.P. increased its holdings in Bancolombia by 117.7% during the 2nd quarter. Pinebridge Investments L.P. now owns 1,306 shares of the bank’s stock worth $40,000 after acquiring an additional 706 shares during the period. Institutional investors own 1.89% of the company’s stock.

Bancolombia Company Profile

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Bancolombia SA provides various banking products and services to individual, corporate, and government customers in Colombia, Latin America, and the Caribbean region. It operates through following operating segments: Banking Colombia, Banking Panama, Banking El Salvador, Banking Guatemala, Trust, Investment banking, Brokerage, Off Shore and Others.