Bancolombia (NYSE:CIB – Get Free Report) is scheduled to announce its earnings results after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of $1.47 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.
Bancolombia (NYSE:CIB – Get Free Report) last issued its earnings results on Tuesday, February 20th. The bank reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.26. The firm had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.68 billion. Bancolombia had a return on equity of 18.46% and a net margin of 13.51%. On average, analysts expect Bancolombia to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.
Bancolombia Trading Down 0.7 %
Shares of CIB stock opened at $34.02 on Wednesday. The stock’s fifty day moving average price is $33.73 and its two-hundred day moving average price is $31.10. The company has a market cap of $8.18 billion, a PE ratio of 5.58, a P/E/G ratio of 5.20 and a beta of 1.23. Bancolombia has a fifty-two week low of $23.12 and a fifty-two week high of $37.15. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.05 and a current ratio of 1.05.
Bancolombia Cuts Dividend
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on the company. Bank of America began coverage on Bancolombia in a report on Thursday, May 2nd. They issued a “neutral” rating and a $38.00 target price on the stock. JPMorgan Chase & Co. raised their target price on Bancolombia from $30.00 to $35.00 and gave the stock an “underweight” rating in a research report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $33.12.
Get Our Latest Analysis on Bancolombia
Bancolombia Company Profile
Bancolombia SA, together with its subsidiaries, provides banking products and services in Colombia and internationally. The company operates through nine segments: Banking Colombia, Banking Panama, Banking El Salvador, Banking Guatemala, Trust, Investment Banking, Brokerage, International Banking, and All Other.
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