BanColombia (NYSE:CIB) Reaches New 1-Year High - Should You Buy?

Key Points

• BanColombia S.A. shares reached a new 52-week high at $53.99, last trading at $53.67, with a trading volume of 362,479 shares.
• Analysts have varying opinions on the stock, with one upgrading it to "neutral" with a new price target of $49, while Zacks downgraded it to "hold."
• The company reported strong earnings, with an EPS of $1.79 surpassing estimates, alongside a net margin of 15.30% and a return on equity of 19.77%.

BanColombia S.A. (NYSE:CIB - Get Free Report) reached a new 52-week high on Thursday . The company traded as high as $53.99 and last traded at $53.67, with a volume of 362479 shares changing hands. The stock had previously closed at $53.29.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. UBS Group reiterated a "neutral" rating and issued a $38.00 price objective (up from $35.00) on shares of BanColombia in a research report on Monday, June 2nd. Bank of America restated an "underperform" rating on shares of BanColombia in a research note on Thursday, September 11th. Finally, Zacks Research downgraded BanColombia from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 26th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Reduce" and an average price target of $43.75.

BanColombia Stock Performance

The stock has a market capitalization of $12.38 billion, a price-to-earnings ratio of 7.82, a P/E/G ratio of 1.03 and a beta of 0.96. The firm has a 50-day moving average of $47.69 and a 200-day moving average of $43.91. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.29.

BanColombia (NYSE:CIB - Get Free Report) last posted its earnings results on Thursday, August 7th. The bank reported $1.79 EPS for the quarter, topping the consensus estimate of $1.66 by $0.13. The firm had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.75 billion. BanColombia had a return on equity of 19.77% and a net margin of 15.30%. As a group, sell-side analysts predict that BanColombia S.A. will post 6 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd lifted its stake in BanColombia by 253.2% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 657 shares of the bank's stock worth $30,000 after purchasing an additional 471 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in BanColombia by 796.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 977 shares of the bank's stock worth $45,000 after purchasing an additional 868 shares in the last quarter. SVB Wealth LLC purchased a new position in BanColombia in the 1st quarter worth approximately $45,000. Corient Private Wealth LLC purchased a new position in BanColombia in the 2nd quarter worth approximately $205,000. Finally, West Family Investments Inc. purchased a new position in BanColombia in the 2nd quarter worth approximately $222,000.

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.