Bancolombia (CIB) Stock Price, News & Analysis

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Bancolombia in the last year. There are currently 1 sell rating and 5 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "reduce" CIB shares.
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6 Wall Street analysts have issued twelve-month target prices for Bancolombia's stock. Their CIB share price targets range from $28.60 to $35.00. On average, they anticipate the company's share price to reach $31.90 in the next year. This suggests that the stock has a possible downside of 4.2%.
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Bancolombia's stock was trading at $30.77 at the start of the year. Since then, CIB shares have increased by 8.2% and is now trading at $33.29.
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Bancolombia saw a drop in short interest in March. As of March 31st, there was short interest totaling 316,200 shares, a drop of 26.8% from the March 15th total of 432,000 shares. Based on an average daily trading volume, of 281,800 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.3% 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 Wednesday, May 8th 2024.
View our CIB earnings forecast.

Bancolombia S.A. (NYSE:CIB) announced its quarterly earnings results on Tuesday, February, 20th. The bank reported $1.58 EPS for the quarter, topping analysts' consensus estimates of $1.32 by $0.26. The bank had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.68 billion. Bancolombia had a trailing twelve-month return on equity of 18.46% and a net margin of 13.51%.

Bancolombia announced a quarterly dividend on Thursday, March 28th. Stockholders of record on Monday, April 1st will be given a dividend of $0.8118 per share on Thursday, April 11th. This represents a $3.25 annualized dividend and a dividend yield of 9.75%. The ex-dividend date of this dividend is Thursday, March 28th.
Read our dividend analysis for CIB.

Bancolombia (NYSE:CIB) pays an annual dividend of $3.62 per share and currently has a dividend yield of 10.75%. CIB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 59.34%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CIB will have a dividend payout ratio of 60.23% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CIB.

ETFs with the largest weight of Bancolombia (NYSE:CIB) stock in their portfolio include ALPS Emerging Sector Dividend Dogs ETF (EDOG).iShares Latin America 40 ETF (ILF).

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's stock is owned by many different retail and institutional investors. Top institutional shareholders include Perpetual Ltd (0.05%), Ballentine Partners LLC (0.00%) and Atlas Capital Advisors LLC (0.00%).

Shares of CIB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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