UBS Group Reaffirms Neutral Rating for Bancolombia (NYSE:CIB)

Bancolombia (NYSE:CIB - Get Free Report)'s stock had its "neutral" rating restated by equities research analysts at UBS Group in a research note issued on Monday, Marketbeat reports. They presently have a $38.00 price objective on the bank's stock, up from their previous price objective of $35.00. UBS Group's price target would suggest a potential downside of 11.37% from the stock's current price.

Separately, The Goldman Sachs Group upped their price objective on shares of Bancolombia from $31.00 to $35.00 and gave the stock a "sell" rating in a research report on Monday, February 24th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Bancolombia presently has an average rating of "Hold" and an average target price of $39.00.

Bancolombia Price Performance

Shares of Bancolombia stock traded down $0.70 during trading on Monday, reaching $42.88. The company's stock had a trading volume of 196,520 shares, compared to its average volume of 326,472. Bancolombia has a one year low of $30.25 and a one year high of $44.93. The stock has a 50-day moving average price of $40.75 and a two-hundred day moving average price of $38.21. The stock has a market capitalization of $10.31 billion, a P/E ratio of 6.80, a price-to-earnings-growth ratio of 2.47 and a beta of 0.91. The company has a current ratio of 1.05, a quick ratio of 1.00 and a debt-to-equity ratio of 0.60.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Itau Unibanco Holding S.A. purchased a new position in shares of Bancolombia during the 4th quarter valued at $24,801,000. Truffle Hound Capital LLC bought a new stake in shares of Bancolombia in the 4th quarter valued at about $11,028,000. RWC Asset Management LLP purchased a new stake in Bancolombia during the 1st quarter valued at $12,536,000. GQG Partners LLC bought a new stake in Bancolombia in the 4th quarter worth $9,724,000. Finally, Millennium Management LLC increased its position in shares of Bancolombia by 527.0% in the first quarter. Millennium Management LLC now owns 316,877 shares of the bank's stock valued at $12,738,000 after acquiring an additional 266,341 shares during the period.

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.