Bancolombia (NYSE:CIB – Get Free Report) is set to issue its quarterly earnings data after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of $1.47 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.
Bancolombia (NYSE:CIB – Get Free Report) last released its earnings results on Tuesday, February 20th. The bank reported $1.58 EPS for the quarter, beating the consensus estimate of $1.32 by $0.26. The company had revenue of $1.77 billion during the quarter, compared to analysts’ expectations 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 Stock Down 0.7 %
NYSE CIB opened at $34.02 on Wednesday. The stock has a fifty day moving average of $33.73 and a 200-day moving average of $31.10. The stock has a market capitalization of $8.18 billion, a P/E ratio of 5.58, a price-to-earnings-growth ratio of 5.20 and a beta of 1.23. Bancolombia has a 52 week low of $23.12 and a 52 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
Analysts Set New Price Targets
Several research firms have recently commented on CIB. JPMorgan Chase & Co. lifted their target price on Bancolombia from $30.00 to $35.00 and gave the company an “underweight” rating in a research note on Tuesday, April 16th. Bank of America began coverage on Bancolombia in a research report on Thursday, May 2nd. They issued a “neutral” rating and a $38.00 price target on the stock. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $33.12.
Get Our Latest Research Report on Bancolombia
About Bancolombia
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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