BanColombia (CIB) Receiving Favorable Media Coverage, Analysis Shows
News headlines about BanColombia (NYSE:CIB) have been trending positive this week, according to Accern Sentiment. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. BanColombia earned a daily sentiment score of 0.29 on Accern’s scale. Accern also gave media stories about the bank an impact score of 0 out of 100, indicating that recent news coverage is extremely unlikely to have an impact on the stock’s share price in the near term.
BanColombia (NYSE CIB) traded down 0.50% during trading on Friday, hitting $43.98. 103,148 shares of the stock traded hands. The firm’s 50-day moving average is $44.35 and its 200 day moving average is $41.07. The stock has a market cap of $10.58 billion, a P/E ratio of 10.41 and a beta of 0.32. BanColombia has a 52 week low of $31.98 and a 52 week high of $47.19.
The company also recently disclosed a special dividend, which was paid on Friday, July 14th. Investors of record on Wednesday, July 5th were given a $0.3116 dividend. The ex-dividend date of this dividend was Friday, June 30th. This represents a yield of 3.1%. BanColombia’s payout ratio is 26.62%.
A number of equities analysts recently issued reports on the stock. Standpoint Research lowered shares of BanColombia from a “buy” rating to a “hold” rating in a research report on Monday, May 22nd. BidaskClub lowered shares of BanColombia from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Credit Suisse Group set a $45.00 target price on shares of BanColombia and gave the company a “hold” rating in a research report on Wednesday, May 24th. J P Morgan Chase & Co reiterated a “neutral” rating and issued a $41.00 target price (down previously from $42.00) on shares of BanColombia in a research report on Monday, June 5th. Finally, Zacks Investment Research lowered shares of BanColombia from a “buy” rating to a “hold” rating in a research report on Friday, June 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $43.50.
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.
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