Bancolombia (CIB) to Release Earnings on Tuesday

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

Bancolombia Price Performance

Shares of CIB stock opened at $40.75 on Friday. 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 has a market cap of $9.80 billion, a price-to-earnings ratio of 6.46, a P/E/G ratio of 2.27 and a beta of 1.22. The stock’s fifty day simple moving average is $34.62 and its 200 day simple moving average is $33.13. Bancolombia has a one year low of $30.25 and a one year high of $41.00.

Bancolombia Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Monday, December 30th were paid a $0.8044 dividend. This represents a $3.22 dividend on an annualized basis and a yield of 7.90%. The ex-dividend date of this dividend was Monday, December 30th. Bancolombia’s dividend payout ratio is currently 50.71%.

Analyst Ratings Changes

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

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.