Bancolombia - CIB Stock Forecast, Price & News

9 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 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CIB shares.
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9 Wall Street analysts have issued 1-year target prices for Bancolombia's stock. Their CIB share price forecasts range from $27.00 to $47.00. On average, they predict the company's stock price to reach $41.17 in the next year. This suggests a possible upside of 40.6% 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 beginning of 2023. Since then, CIB shares have increased by 2.6% and is now trading at $29.28.
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Bancolombia saw a increase in short interest in the month of January. As of January 15th, there was short interest totaling 866,500 shares, an increase of 139.4% from the December 31st total of 362,000 shares. Based on an average trading volume of 297,600 shares, the days-to-cover ratio is presently 2.9 days. Approximately 0.8% of the company's shares are sold short.
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) issued its earnings results on Thursday, November, 10th. The bank reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.59 by $0.11. The bank earned $1.45 billion during the quarter. Bancolombia had a trailing twelve-month return on equity of 17.14% and a net margin of 23.23%.

Bancolombia declared a quarterly dividend on Tuesday, December 20th. Shareholders of record on Friday, December 30th will be given a dividend of $0.6545 per share on Thursday, January 19th. This represents a $2.62 annualized dividend and a yield of 8.94%. The ex-dividend date of this dividend is Thursday, December 29th.
Read our dividend analysis for CIB.

Bancolombia (NYSE:CIB) pays an annual dividend of $2.04 per share and currently has a dividend yield of 6.98%. CIB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 30.49%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CIB will have a dividend payout ratio of 36.82% 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 number of retail and institutional investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (0.42%), INCA Investments LLC (0.00%), DNB Asset Management AS (0.06%), M&G Investment Management Ltd. (0.05%), Zurcher Kantonalbank Zurich Cantonalbank (0.00%) and Boston Common Asset Management LLC (0.03%).

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 $29.28.

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.