Wall Street brokerages expect that Bancolombia (NYSE:CIB) will announce $0.91 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Zero analysts have issued estimates for Bancolombia’s earnings. The lowest EPS estimate is $0.83 and the highest is $0.96. Bancolombia posted earnings per share of $0.88 during the same quarter last year, which suggests a positive year-over-year growth rate of 3.4%. The firm is expected to issue its next quarterly earnings results on Tuesday, May 22nd.

On average, analysts expect that Bancolombia will report full year earnings of $3.96 per share for the current financial year, with EPS estimates ranging from $3.68 to $4.18. For the next financial year, analysts forecast that the firm will post earnings of $4.64 per share, with EPS estimates ranging from $4.42 to $4.86. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Bancolombia.

A number of equities analysts have recently commented on the company. Standpoint Research raised Bancolombia from a “hold” rating to an “accumulate” rating in a report on Wednesday, March 7th. UBS raised Bancolombia from a “sell” rating to a “hold” rating in a report on Monday, February 12th. Zacks Investment Research raised Bancolombia from a “sell” rating to a “hold” rating in a report on Friday, February 9th. ValuEngine raised Bancolombia from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 14th. Finally, Citigroup cut Bancolombia from a “neutral” rating to a “sell” rating in a report on Tuesday, January 9th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $44.75.

Bancolombia stock opened at $49.11 on Thursday. The company has a quick ratio of 1.11, a current ratio of 1.12 and a debt-to-equity ratio of 0.80. Bancolombia has a 52 week low of $36.38 and a 52 week high of $51.38. The firm has a market cap of $11,808.99, a PE ratio of 13.38, a price-to-earnings-growth ratio of 1.23 and a beta of 0.53.

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 12th. Stockholders of record on Tuesday, March 27th were issued a dividend of $0.3585 per share. The ex-dividend date of this dividend was Monday, March 26th. This represents a $1.43 dividend on an annualized basis and a dividend yield of 2.92%. This is a boost from Bancolombia’s previous quarterly dividend of $0.32. Bancolombia’s payout ratio is 40.11%.

A number of hedge funds have recently modified their holdings of the stock. Guggenheim Capital LLC grew its position in Bancolombia by 432.0% during the 4th quarter. Guggenheim Capital LLC now owns 65,101 shares of the bank’s stock worth $2,581,000 after acquiring an additional 52,864 shares during the last quarter. Jefferies Group LLC grew its position in Bancolombia by 28.8% during the 4th quarter. Jefferies Group LLC now owns 8,995 shares of the bank’s stock worth $357,000 after acquiring an additional 2,010 shares during the last quarter. Amundi Pioneer Asset Management Inc. bought a new stake in Bancolombia during the 4th quarter worth $682,000. AXA grew its position in Bancolombia by 21.6% during the 4th quarter. AXA now owns 9,000 shares of the bank’s stock worth $357,000 after acquiring an additional 1,600 shares during the last quarter. Finally, Lazard Asset Management LLC grew its position in Bancolombia by 2.3% during the 4th quarter. Lazard Asset Management LLC now owns 1,643,311 shares of the bank’s stock worth $65,173,000 after acquiring an additional 37,283 shares during the last quarter. Institutional investors and hedge funds own 12.47% of the company’s stock.

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About Bancolombia

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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