Bancolombia SA (NYSE:CIB) is expected to post earnings of $0.90 per share
Brokerages expect Bancolombia SA (NYSE:CIB) to post earnings per share (EPS) of $0.90 for the current quarter, according to Zacks. Analysts at Zero have made earnings estimates for Bancolombia, with the lowest EPS estimate being $0.76 and the highest estimate $0.99. Bancolombia reported earnings of ($0.30) per share in the same quarter last year, indicating a positive growth rate of 400% year over year. The company is expected to release its next quarterly earnings report on Wednesday, February 23.
According to Zacks, analysts expect Bancolombia to report annual earnings of $3.78 per share for the current year, with EPS estimates ranging from $3.70 to $3.92. For next year, analysts expect the company to report earnings of $4.11 per share, with EPS estimates ranging from $3.86 to $4.30. Zacks earnings per share averages are an average average based on a survey of sell-side research firms that provide coverage for Bancolombia.
Separately, Zacks Investment Research downgraded Bancolombia shares from a “hold” rating to a “buy” rating and set a price target of $39.00 on the stock in a Monday 24 research note. January.
Several institutional investors and hedge funds have recently increased or reduced their stake in the stock. Parametric Portfolio Associates LLC increased its position in Bancolombia shares by 3.4% in the fourth quarter. Parametric Portfolio Associates LLC now owns 318,522 shares of the bank worth $10,062,000 after acquiring an additional 10,595 shares in the last quarter. River & Mercantile Asset Management LLP increased its position in Bancolombia shares by 0.5% in the fourth quarter. River & Mercantile Asset Management LLP now owns 142,330 shares of the bank worth $1,206,000 after acquiring an additional 760 shares in the last quarter. Marshall Wace LLP acquired a new equity stake in Bancolombia in the fourth quarter worth approximately $33,000. Millennium Management LLC increased its position in Bancolombia shares by 138.1% in the fourth quarter. Millennium Management LLC now owns 75,534 shares of the bank worth $2,386,000 after acquiring 43,807 additional shares in the last quarter. Finally, Mirabella Financial Services LLP increased its position in Bancolombia shares by 76.7% in the fourth quarter. Mirabella Financial Services LLP now owns 30,400 shares of the bank worth $960,000 after acquiring 13,200 additional shares in the last quarter. 5.21% of the shares are currently held by institutional investors and hedge funds.
Shares of Bancolombia traded down $0.26 during Friday’s midday session, hitting $34.15. 227,859 shares were traded, against an average volume of 299,496. Bancolombia has a 12-month low of $27.64 and a 12-month high of $37.00. The stock has a market capitalization of $8.21 billion, a price-earnings ratio of 13.08 and a beta of 1.24. The company has a 50-day simple moving average of $33.28 and a 200-day simple moving average of $33.22. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt ratio of 0.64.
The company also recently declared a — dividend, which was paid on Thursday, January 13. Shareholders of record on Thursday, December 30 received a dividend of $0.0661 per share. The ex-dividend date was Wednesday, December 29. This represents a dividend yield of 3.5%. Bancolombia’s dividend payout rate is currently 8.81%.
Bancolombia Company Profile
Bancolombia SA provides various banking products and services to individuals, businesses and governments in Colombia, Latin America and the Caribbean region. It operates through the following operating segments: Bank Colombia, Bank Panama, Bank El Salvador, Bank Guatemala, Trust, Investment Banking, Brokerage, Off Shore and Others.
Get a Free Copy of Zacks Research Report on Bancolombia (CIB)
For more information on Zacks Investment Research’s research offerings, visit Zacks.com
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in Bancolombia right now?
Before you consider Bancolombia, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Bancolombia didn’t make the list.
Although Bancolombia currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here