Bancolombia (CIB) Projected to Post Earnings on Tuesday

Bancolombia (NYSE:CIB) is anticipated to issue its quarterly earnings data on Tuesday, February 18th. Analysts expect the company to announce earnings of $1.35 per share and revenue of $1.41 billion for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Bancolombia Stock Up 1.1 %

CIB opened at $39.80 on Tuesday. The company has a market capitalization of $9.57 billion, a P/E ratio of 6.31, a P/E/G ratio of 2.27 and a beta of 1.22. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.00 and a quick ratio of 1.00. The firm’s fifty day moving average price is $34.00 and its two-hundred day moving average price is $32.92. Bancolombia has a fifty-two week low of $30.25 and a fifty-two week high of $40.62.

Bancolombia Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Monday, December 30th were paid a dividend of $0.8044 per share. This represents a $3.22 dividend on an annualized basis and a yield of 8.08%. The ex-dividend date of this dividend was Monday, December 30th. Bancolombia’s dividend payout ratio is 50.71%.

Analysts Set New Price Targets

Separately, Morgan Stanley raised Bancolombia from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $40.00 to $53.00 in a research note on Tuesday, January 28th.

About Bancolombia

Bancolombia SA, together with its subsidiaries, provides banking products and services in Colombia and internationally. The company operates through nine segments: Banking Colombia, Banking Panama, Banking El Salvador, Banking Guatemala, Trust, Investment Banking, Brokerage, International Banking, and All Other.