Bancolombia (CIB) Scheduled to Post Quarterly Earnings on Wednesday

Bancolombia (NYSE:CIB) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect Bancolombia to post earnings of $1.45 per share for the quarter.

Bancolombia (NYSE:CIB) last posted its quarterly earnings data on Thursday, August 8th. The bank reported $1.44 EPS for the quarter, beating the consensus estimate of $1.43 by $0.01. Bancolombia had a net margin of 13.73% and a return on equity of 15.68%. The firm had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.82 billion. On average, analysts expect Bancolombia to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Bancolombia Trading Up 1.0 %

Shares of NYSE CIB traded up $0.33 during midday trading on Tuesday, reaching $32.09. The company’s stock had a trading volume of 103,398 shares, compared to its average volume of 267,056. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a 50 day moving average price of $32.07 and a 200-day moving average price of $33.11. Bancolombia has a 12-month low of $26.35 and a 12-month high of $37.85.

Bancolombia Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were given a dividend of $0.8456 per share. This represents a $3.38 annualized dividend and a dividend yield of 10.54%. The ex-dividend date was Friday, September 27th. Bancolombia’s dividend payout ratio is presently 52.28%.

Wall Street Analyst Weigh In

CIB has been the subject of a number of research analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of Bancolombia from $36.00 to $35.00 and set an “underweight” rating for the company in a report on Monday, August 12th. The Goldman Sachs Group downgraded Bancolombia from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $34.00 to $32.00 in a research report on Tuesday, August 20th. Finally, Bank of America cut Bancolombia from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $38.00 to $34.00 in a research report on Thursday, August 29th.

Bancolombia Company Profile

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.