Bancolombia - CIB Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Bancolombia in the last twelve months. There are currently 2 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CIB shares.
View CIB analyst ratings or view top-rated stocks.

8 analysts have issued 1-year price objectives for Bancolombia's shares. Their CIB share price forecasts range from $27.00 to $47.00. On average, they anticipate the company's stock price to reach $41.17 in the next year. This suggests a possible upside of 59.9% from the stock's current price.
View analysts price targets for CIB or view top-rated stocks among Wall Street analysts.

Bancolombia's stock was trading at $31.59 at the beginning of 2022. Since then, CIB stock has decreased by 18.5% and is now trading at $25.75.
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Bancolombia saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 409,600 shares, an increase of 36.7% from the October 31st total of 299,700 shares. Based on an average daily volume of 286,000 shares, the days-to-cover ratio is currently 1.4 days. Currently, 0.4% of the shares of the company are short sold.
View Bancolombia's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 28th 2023.
View our CIB earnings forecast.

Bancolombia S.A. (NYSE:CIB) posted its quarterly earnings data on Monday, May, 4th. The bank reported $0.34 earnings per share for the quarter, missing analysts' consensus estimates of $0.82 by $0.48. The bank had revenue of $1.08 billion for the quarter. Bancolombia had a trailing twelve-month return on equity of 17.14% and a net margin of 23.23%.

Bancolombia announced a quarterly dividend on Tuesday, August 16th. Investors of record on Thursday, September 29th will be paid a dividend of $0.7403 per share on Thursday, October 13th. This represents a $2.96 annualized dividend and a yield of 11.50%. The ex-dividend date of this dividend is Wednesday, September 28th.
Read our dividend analysis for CIB.

Bancolombia (NYSE:CIB) pays an annual dividend of $2.48 per share and currently has a dividend yield of 9.43%. CIB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 37.07%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CIB will have a dividend payout ratio of 42.32% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CIB.

Based on aggregate information from My MarketBeat watchlists, some companies that other Bancolombia investors own include Ecopetrol (EC), Grupo Aval Acciones y Valores (AVAL), Pfizer (PFE), GSK (GSK), International Business Machines (IBM), AT&T (T), Tyson Foods (TSN), Verizon Communications (VZ), Wells Fargo & Company (WFC) and Walmart (WMT).

Bancolombia trades on the New York Stock Exchange (NYSE) under the ticker symbol "CIB."

Bancolombia's stock is owned by many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (1.66%), BlackRock Inc. (0.59%), Allspring Global Investments Holdings LLC (0.39%), Nuveen Asset Management LLC (0.32%), Lazard Asset Management LLC (0.28%) and State Street Corp (0.27%).

Shares of CIB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CIB stock can currently be purchased for approximately $25.75.

Bancolombia (NYSE:CIB) has a market capitalization of $6.19 billion and generates $5.87 billion in revenue each year. The bank earns $1.23 billion in net income (profit) each year or $6.69 on an earnings per share basis.

The company employs 31,245 workers across the globe.

Bancolombia's mailing address is AVENIDA LOS INDUSTRIALES CARRERA 48 No 26 -85, MEDELLIN F8, . The official website for the company is www.grupobancolombia.com. The bank can be reached via phone at (574) 404-1837, via email at caa@bancolombia.com, or via fax at 574-404-5146.