NYSE:CIBBancolombia Stock Price, Forecast & News

$27.79

+0.79 (+2.93 %)

(As of 06/3/2020 04:00 PM ET)

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Today's Range

$27.42

Now: $27.79▼

$28.16

50-Day Range

$22.56

MA: $25.04▼

$28.45

52-Week Range

$16.27

Now: $27.79▼

$56.10

Volume293,400 shs

Average Volume585,244 shs

Market Capitalization$6.68 billion

P/E Ratio8.68

Dividend Yield3.67%

Beta1.23

Bancolombia S.A. provides various banking products and services to individual, corporate, and government customers in Colombia, Latin America, and the Caribbean region. The company operates in nine segments: Banking Colombia, Banking Panama, Banking El Salvador, Banking Guatemala, Trust, Investment Banking, Brokerage, Off Shore, 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, overdrafts, and financing for industrial projects; mortgage banking and factoring services; and financial and operating leasing services. The company also provides capital market products, 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; and life, auto, commercial, and homeowner's insurance products. Further, the company provides investment banking services comprising project and acquisition finance, debt and equity capital markets, principal investments, merger and acquisition, restructurings, and structured corporate lending; trust and asset management services, such as money market accounts, mutual and pension funds, private equity funds, payment trust, custody, and corporate trust; digital banking and revolving credit facility services. Additionally, it is involved in transportation, real estate brokerage, maintenance and remodeling, advertising and marketing, and outsourcing activities. The company operates 1,153 branches, 10,349 banking correspondents, and 590 mobile service spots; 227 kiosks; and 5,630 automatic teller machines. Bancolombia S.A. was founded in 1945 and is headquartered in Medellín, Colombia.

Beat the Market (BTM) Rank^™

3.1 Analyst's Opinion

Consensus Rating
Bancolombia has received a consensus rating of Hold. The company's average rating score is 2.20, and is based on 2 buy ratings, 2 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $54.00, Bancolombia has a potential upside of 94.3% from its current price of $27.79.
Amount of Analyst Coverage
Bancolombia has only been the subject of 1 research reports in the past 90 days.

2.2 Community Rank

Outperform Votes
Bancolombia has received 303 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Bancolombia has received 390 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Bancolombia has received 56.28% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Bancolombia and other stocks. Vote “Outperform” if you believe CIB will outperform the S&P 500 over the long term. Vote “Underperform” if you believe CIB will underperform the S&P 500 over the long term. You may vote once every thirty days.

3.3 Dividend Strength

Dividend Leadership
Bancolombia is a leading dividend payer. It pays a dividend yield of 3.67%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Bancolombia has only been increasing its dividend for 2 years.
Dividend Coverage
The dividend payout ratio of Bancolombia is 26.42 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Bancolombia will have a dividend payout ratio of 34.00 % next year. This indicates that Bancolombia will be able to sustain or increase its dividend.

0.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Bancolombia insiders have not sold or bought any company stock.
Percentage Held by Institutions
Only 6.96% of the stock of Bancolombia is held by institutions.

3.1 Earnings and Valuation

Earnings Growth
Earnings for Bancolombia are expected to grow by 35.75% in the coming year, from $2.21 to $3.00 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Bancolombia is 8.68, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 16.11.
Price to Earnings Ratio vs. Sector
The P/E ratio of Bancolombia is 8.68, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 19.64.
Price to Earnings Growth Ratio
Bancolombia has a PEG Ratio of 1.36. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Bancolombia has a P/B Ratio of 0.77. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.35 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Commercial banks, not elsewhere classified

Sub-IndustryN/A

SectorFinance

Current SymbolNYSE:CIB

Previous Symbol

CUSIPN/A

CIK1071371

Webwww.grupobancolombia.com

Phone574-510-1838

Debt

Debt-to-Equity Ratio0.79

Current Ratio1.08

Quick Ratio1.08

Price-To-Earnings

Trailing P/E Ratio8.68

Forward P/E Ratio12.57

P/E Growth1.36

Sales & Book Value

Annual Sales$6.65 billion

Price / Sales1.00

Cash Flow$5.03 per share

Price / Cash Flow5.52

Book Value$35.94 per share

Price / Book0.77

Profitability

EPS (Most Recent Fiscal Year)$3.86

Net Income$935.21 million

Net Margins12.30%

Return on Equity9.20%

Return on Assets1.07%

Miscellaneous

Employees31,075

Outstanding Shares240,456,000

Market Cap$6.68 billion

Next Earnings Date8/3/2020 (Estimated)

OptionableNot Optionable

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Bancolombia (NYSE:CIB) Frequently Asked Questions

How has Bancolombia's stock been impacted by COVID-19 (Coronavirus)?

Bancolombia's stock was trading at $33.09 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, CIB shares have decreased by 16.0% and is now trading at $27.79. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Bancolombia?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bancolombia in the last year. There are currently 1 sell rating, 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Bancolombia.

When is Bancolombia's next earnings date?

Bancolombia is scheduled to release its next quarterly earnings announcement on Monday, August 3rd 2020. View our earnings forecast for Bancolombia.

How were Bancolombia's earnings last quarter?

Bancolombia SA (NYSE:CIB) issued its quarterly earnings data on Monday, May, 4th. The bank reported $0.34 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.82 by $0.48. The bank earned $1.08 billion during the quarter. Bancolombia had a net margin of 12.30% and a return on equity of 9.20%. View Bancolombia's earnings history.

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

Bancolombia announced a -- dividend on Monday, March 23rd. Shareholders of record on Monday, March 30th will be paid a dividend of $0.4632 per share on Monday, April 13th. This represents a dividend yield of 7.4%. The ex-dividend date of this dividend is Friday, March 27th. This is a positive change from Bancolombia's previous -- dividend of $0.32. View Bancolombia's dividend history.

What price target have analysts set for CIB?

5 brokers have issued 12 month target prices for Bancolombia's shares. Their forecasts range from $53.00 to $55.00. On average, they expect Bancolombia's share price to reach $54.00 in the next year. This suggests a possible upside of 94.3% from the stock's current price. View analysts' price targets for Bancolombia.

Has Bancolombia been receiving favorable news coverage?

Media coverage about CIB stock has been trending very negative on Wednesday, InfoTrie reports. The research group identifies positive and negative news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Bancolombia earned a daily sentiment score of -3.1 on InfoTrie's scale. They also assigned media headlines about the bank a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the stock's share price in the next few days. View the latest news aboutBancolombia.

Who are some of Bancolombia's key competitors?

Some companies that are related to Bancolombia include Barclays (BCS), CR AGRICOLE S A/ADR (CRARY), United Overseas Bank (UOVEY), Banco Bilbao Vizcaya Argentaria (BBVA), KBC GRP NV/ADR (KBCSY), DNB ASA/S (DNHBY), Royal Bank of Scotland Group (RBS), Skandinaviska Enskilda Banken (SVKEF), First Republic Bank (FRC), Banco Santander Brasil (BSBR), Royal Bank of Scotland Group (RBSPF), National Bank of Canada (NTIOF), Swedbank (SWDBY), Societe Generale (SCGLY) and KB Financial Group (KB). View all competitors.

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), Pfizer (PFE), Anthem (ANTM), IBM (IBM), PepsiCo (PEP), AT&T (T), Verizon Communications (VZ), Walmart (WMT), Alcoa (AA) and Alibaba Group (BABA).

Who are Bancolombia's key executives?

Bancolombia's management team includes the following people:

Mr. Juan Carlos Mora Uribe, Pres & CEO (Age 54)
Mr. José Humberto Acosta Martin, VP of Fin. and CFO (Age 57)
Mr. Jorge Ospina Lara, VP of Technology Services
Mr. Alejandro Mejia Jaramillo, Investor Relations Mang. (Age 54)
Mr. Mauricio Rosillo Rojas, Chief Legal Officer, Gen. Sec. & VP of Legal (Age 50)

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 investors include Genesis Investment Management LLP (1.14%), BlackRock Inc. (1.13%), Polaris Capital Management LLC (0.97%), Wells Fargo & Company MN (0.52%), State Street Corp (0.43%) and Massachusetts Financial Services Co. MA (0.41%).

Which major investors are selling Bancolombia stock?

CIB stock was sold by a variety of institutional investors in the last quarter, including Wells Fargo & Company MN, Alliancebernstein L.P., APG Asset Management N.V., Deutsche Bank AG, BlackRock Inc., Aperio Group LLC, Franklin Resources Inc., and Pendal Group Ltd.

Which major investors are buying Bancolombia stock?

CIB stock was purchased by a variety of institutional investors in the last quarter, including Genesis Investment Management LLP, Banco BTG Pactual S.A., Polaris Capital Management LLC, River & Mercantile Asset Management LLP, APG Asset Management N.V., Massachusetts Financial Services Co. MA, JPMorgan Chase & Co., and Bessemer Group Inc..

How do I buy shares of Bancolombia?

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

What is Bancolombia's stock price today?

One share of CIB stock can currently be purchased for approximately $27.79.

How big of a company is Bancolombia?

Bancolombia has a market capitalization of $6.68 billion and generates $6.65 billion in revenue each year. The bank earns $935.21 million in net income (profit) each year or $3.86 on an earnings per share basis. Bancolombia employs 31,075 workers across the globe.

What is Bancolombia's official website?

The official website for Bancolombia is www.grupobancolombia.com.

How can I contact Bancolombia?

Bancolombia's mailing address is AVENIDA LOS INDUSTRIALES CARRERA 48 No 26 -85, MEDELLIN F8, . The bank can be reached via phone at 574-510-1838 or via email at [email protected]

This page was last updated on 6/3/2020 by MarketBeat.com Staff