Brokerages Set BanColombia S.A. (CIB) PT at $43.00
Shares of BanColombia S.A. (NYSE:CIB) have earned an average recommendation of “Hold” from the nine analysts that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $43.00.
A number of analysts recently commented on the stock. BidaskClub cut shares of BanColombia from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. HSBC Holdings plc cut shares of BanColombia from a “buy” rating to a “hold” rating in a research note on Tuesday, August 15th. Zacks Investment Research cut shares of BanColombia from a “buy” rating to a “hold” rating in a research note on Wednesday, August 23rd. Finally, Santander cut shares of BanColombia from a “hold” rating to an “underperform” rating in a research note on Wednesday, September 20th.
BanColombia (NYSE:CIB) traded up 0.24% on Friday, hitting $45.99. 429,118 shares of the stock traded hands. The company has a market capitalization of $11.06 billion, a PE ratio of 10.86 and a beta of 0.33. The firm has a 50-day moving average price of $45.23 and a 200-day moving average price of $42.85. BanColombia has a 12 month low of $31.98 and a 12 month high of $48.74.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Shareholders of record on Thursday, September 28th will be given a dividend of $0.3278 per share. The ex-dividend date of this dividend is Wednesday, September 27th. This is a positive change from BanColombia’s previous quarterly dividend of $0.33. This represents a $1.31 dividend on an annualized basis and a yield of 2.84%. BanColombia’s dividend payout ratio (DPR) is currently 27.52%.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Polaris Capital Management LLC purchased a new position in BanColombia during the 2nd quarter worth approximately $126,277,000. Orbis Allan Gray Ltd purchased a new position in BanColombia during the 2nd quarter worth approximately $356,000. Boston Common Asset Management LLC raised its position in BanColombia by 4.5% during the 2nd quarter. Boston Common Asset Management LLC now owns 7,840 shares of the bank’s stock worth $349,000 after buying an additional 335 shares during the last quarter. Goldman Sachs Group Inc. raised its position in BanColombia by 3.6% during the 2nd quarter. Goldman Sachs Group Inc. now owns 133,211 shares of the bank’s stock worth $5,934,000 after buying an additional 4,598 shares during the last quarter. Finally, GMT Capital Corp raised its position in BanColombia by 12.3% during the 2nd quarter. GMT Capital Corp now owns 1,179,872 shares of the bank’s stock worth $51,796,000 after buying an additional 129,400 shares during the last quarter. 14.96% of the stock is owned by institutional investors.
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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