Bancolombia (CIB) to Release Quarterly Earnings on Thursday

Bancolombia (NYSE:CIB - Get Free Report) is anticipated to post its Q1 2025 quarterly earnings results before the market opens on Thursday, May 8th. Analysts expect Bancolombia to post earnings of $1.62 per share and revenue of $7,041.75 billion for the quarter.

Bancolombia (NYSE:CIB - Get Free Report) last issued its earnings results on Thursday, February 20th. The bank reported $1.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.35 by $0.22. Bancolombia had a net margin of 14.14% and a return on equity of 14.61%. The company had revenue of $1.65 billion for the quarter, compared to analysts' expectations of $1.41 billion. On average, analysts expect Bancolombia to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Bancolombia Stock Performance

Bancolombia stock traded up $0.58 during midday trading on Friday, reaching $41.08. 203,601 shares of the company's stock were exchanged, compared to its average volume of 312,715. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.00 and a current ratio of 1.05. The stock's 50-day simple moving average is $41.00 and its 200 day simple moving average is $36.62. The firm has a market cap of $9.88 billion, a price-to-earnings ratio of 6.52, a P/E/G ratio of 2.47 and a beta of 0.85. Bancolombia has a 52 week low of $30.25 and a 52 week high of $44.93.

Bancolombia Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, May 9th. Stockholders of record on Tuesday, April 29th will be paid a dividend of $0.5745 per share. This is an increase from Bancolombia's previous dividend of $0.30. This represents a dividend yield of 17.13%. The ex-dividend date of this dividend is Monday, April 28th. Bancolombia's payout ratio is currently 107.46%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. The Goldman Sachs Group raised their price target on Bancolombia from $31.00 to $35.00 and gave the company a "sell" rating in a report on Monday, February 24th. Morgan Stanley raised shares of Bancolombia from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $40.00 to $53.00 in a report on Tuesday, January 28th.

Bancolombia Company Profile

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.