Bancolombia (CIB) Projected to Post Earnings on Tuesday

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

Bancolombia Stock Performance

Bancolombia stock opened at $39.80 on Tuesday. The stock has a 50-day simple moving average of $34.00 and a 200 day simple moving average of $32.92. The stock has a market capitalization of $9.57 billion, a price-to-earnings ratio of 6.31, a P/E/G ratio of 2.27 and a beta of 1.22. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.34. Bancolombia has a 12-month low of $30.25 and a 12-month high of $40.62.

Bancolombia Cuts Dividend

The business also recently announced 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 dividend yield of 8.08%. The ex-dividend date of this dividend was Monday, December 30th. Bancolombia’s dividend payout ratio is presently 50.71%.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley raised shares of Bancolombia from an “equal weight” rating to an “overweight” rating and increased 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.