Bancolombia - CIB Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Bancolombia in the last twelve months. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CIB shares.
View CIB analyst ratings or view top-rated stocks.

5 brokers have issued 1 year price objectives for Bancolombia's stock. Their CIB share price forecasts range from $27.00 to $46.00. On average, they expect the company's share price to reach $36.00 in the next twelve months. This suggests a possible upside of 56.9% 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 $28.54 at the start of the year. Since then, CIB stock has decreased by 19.6% and is now trading at $22.94.
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Bancolombia saw a decline in short interest during the month of February. As of February 28th, there was short interest totaling 407,600 shares, a decline of 40.6% from the February 13th total of 686,700 shares. Based on an average trading volume of 322,600 shares, the days-to-cover ratio is presently 1.3 days. Approximately 0.4% of the shares of the stock are short sold.
View Bancolombia's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 10th 2023.
View our CIB earnings forecast.

Bancolombia S.A. (NYSE:CIB) issued its earnings results on Monday, May, 4th. The bank reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.82 by $0.48. The bank earned $1.08 billion during the quarter. Bancolombia had a trailing twelve-month return on equity of 17.83% and a net margin of 21.09%.

Bancolombia declared a quarterly dividend on Monday, March 20th. Shareholders of record on Friday, March 31st will be given a dividend of $0.7332 per share on Thursday, April 13th. This represents a $2.93 dividend on an annualized basis and a dividend yield of 12.79%. The ex-dividend date of this dividend is Thursday, March 30th. This is an increase from the stock's previous quarterly dividend of $0.65.
Read our dividend analysis for CIB.

ETFs with the largest weight of Bancolombia (NYSE:CIB) stock in their portfolio include ALPS Emerging Sector Dividend Dogs ETF (EDOG), Schwab Crypto Thematic ETF (STCE) and iShares Latin America 40 ETF (ILF).iShares Global Financials ETF (IXG).

Bancolombia (NYSE:CIB) pays an annual dividend of $2.04 per share and currently has a dividend yield of 8.82%. CIB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 30.91%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CIB will have a dividend payout ratio of 36.69% 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 a variety of institutional and retail investors. Top institutional shareholders include Vontobel Asset Management Inc. (0.00%), Earnest Partners LLC (0.00%), Allspring Global Investments Holdings LLC (0.42%), Arrowstreet Capital Limited Partnership (0.00%), Robeco Institutional Asset Management B.V. (0.00%) and Lazard Asset Management LLC (0.00%).

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 $22.94.

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.