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Bancolombia - CIB Stock Forecast, Price & News

$25.67
-0.08 (-0.31%)
(As of 12/8/2022 04:29 PM ET)
Add
Compare
Today's Range
$25.22
$25.79
50-Day Range
$24.01
$27.02
52-Week Range
$23.86
$45.98
Volume
446,656 shs
Average Volume
365,400 shs
Market Capitalization
$6.17 billion
P/E Ratio
3.84
Dividend Yield
9.63%
Price Target
$41.17

Bancolombia MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
60.4% Upside
$41.17 Price Target
Short Interest
Healthy
0.36% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.02mentions of Bancolombia in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-8.15%
From $6.38 to $5.86 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.71 out of 5 stars

Finance Sector

207th out of 862 stocks

Commercial Banks, Not Elsewhere Classified Industry

7th out of 36 stocks

CIB stock logo

About Bancolombia (NYSE:CIB) Stock

Bancolombia S.A. provides banking products and services in Colombia, Panama, Puerto Rico, El Salvador, Costa Rica, and Guatemala. The company operates through nine segments: Banking Colombia, Banking Panama, Banking El Salvador, Banking Guatemala, Trust, Investment Banking, Brokerage, International Banking, and All Other. It offers checking and savings accounts, fixed term deposits, and investment products; trade financing, loans funded by domestic development banks, working capital loans, credit cards, personal and vehicle loans, payroll loans, and overdrafts; financial support to real estate developers and mortgages for individuals and companies; factoring; and financial and operating leasing services. The company also provides hedging instruments, including futures, forwards, options, and swaps; and brokerage, investment advisory, and private banking services, including selling and distributing equities, futures, foreign currencies, fixed income securities, mutual funds, and structured products. In addition, it offers cash management services; foreign currency transaction services; life, auto, commercial, and homeowner's insurance products; and online and computer banking services. Further, the company provides project and acquisition finance, debt and equity capital markets, principal investments, M&A, hedging strategies, restructurings, and structured financing; money market accounts, mutual and pension funds, private equity funds, payment and corporate trust, and custody; internet-based trading platform; inter-bank lending and repurchase agreements; managing escrow accounts, and investment and real estate funds; and transportation, securities brokerage, maintenance and remodeling, and outsourcing services. As of December 31, 2021, it operated 1,015 branches; 28,676 banking correspondents; 529 PAMs; 210 kiosks in El Salvador and 187 in Colombia; and 6,094 ATMs. Bancolombia S.A. was incorporated in 1945 and is headquartered in Medellín, Colombia.

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CIB Company Calendar

Last Earnings
5/04/2020
Ex-Dividend for 10/13 Dividend
9/28/2022
Dividend Payable
10/13/2022
Today
12/08/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/28/2023

Industry, Sector and Symbol

Industry
Commercial banks, not elsewhere classified
Sub-Industry
N/A
Sector
Finance
Employees
31,245
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$41.17
High Stock Price Forecast
$47.00
Low Stock Price Forecast
$27.00
Forecasted Upside/Downside
+60.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
8 Analysts

Profitability

Net Income
$1.23 billion
Pretax Margin
39.07%

Debt

Sales & Book Value

Annual Sales
$5.87 billion
Cash Flow
$5.49 per share
Book Value
$42.33 per share

Miscellaneous

Free Float
N/A
Market Cap
$6.17 billion
Optionable
Not Optionable
Beta
1.23

Key Executives

  • Mr. Juan Carlos Mora Uribe (Age 57)
    Pres & CEO
  • Mr. José Humberto Acosta Martín (Age 60)
    CFO & VP of Fin.
  • Mr. Carlos Daniel Raad Baene
    Investor Relations Director & Mang.
  • Dr. Mauricio Rosillo Rojas (Age 53)
    Chief Legal Officer, Gen. Sec. & VP of Legal
  • Ms. Claudia Echavarria Uribe (Age 43)
    Chief Legal Officer, Gen. Counsel, Legal VP & Sec. Gen.
  • Mr. Rodrigo Prieto Uribe (Age 49)
    Chief Risks Officer & VP of Risk
  • Mr. Jose Mauricio Rodriguez Rios
    Chief Internal Auditor Officer
  • Mr. Andres Vasquez Echeverri
    Pres of Nequi
  • Mr. Rafael Barraza Domínguez
    CEO & Pres of Banco Agrícola SA
  • Ms. Aimeé Tialia Sentmat de Grimaldo (Age 52)
    CEO & Pres of Banistmo













CIB Stock - Frequently Asked Questions

Should I buy or sell Bancolombia stock right now?

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.

What is Bancolombia's stock price forecast for 2023?

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.

How have CIB shares performed in 2022?

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.
View the best growth stocks for 2022 here
.

Are investors shorting Bancolombia?

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
.

When is Bancolombia's next earnings date?

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

How were Bancolombia's earnings last quarter?

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%.

How often does Bancolombia pay dividends? What is the dividend yield for Bancolombia?

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
.

Is Bancolombia a good dividend stock?

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.

What other stocks do shareholders of Bancolombia own?

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).

What is Bancolombia's stock symbol?

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

Who are Bancolombia's major shareholders?

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%).

How do I buy shares of Bancolombia?

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.
Compare Top Brokerages Here.

What is Bancolombia's stock price today?

One share of CIB stock can currently be purchased for approximately $25.75.

How much money does Bancolombia make?

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.

How many employees does Bancolombia have?

The company employs 31,245 workers across the globe.

How can I contact Bancolombia?

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.

This page (NYSE:CIB) was last updated on 12/8/2022 by MarketBeat.com Staff