Bancolombia (NYSE:CIB) Issues Earnings Results

Bancolombia (NYSE:CIB) released its quarterly earnings data on Thursday. The bank reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.22, Zacks reports. Bancolombia had a net margin of 13.46% and a return on equity of 14.75%.

Bancolombia Stock Performance

Shares of CIB traded up $1.42 during midday trading on Thursday, hitting $42.94. 834,460 shares of the stock traded hands, compared to its average volume of 424,466. Bancolombia has a 1-year low of $30.25 and a 1-year high of $44.25. The firm has a market capitalization of $10.32 billion, a PE ratio of 6.80, a price-to-earnings-growth ratio of 2.34 and a beta of 1.22. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.00 and a current ratio of 1.00. The business’s 50 day moving average price is $35.10 and its two-hundred day moving average price is $33.31.

Analyst Ratings Changes

Separately, Morgan Stanley raised shares of 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 report 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.