Bancolombia (CIB) Expected to Announce Earnings on Tuesday

Bancolombia (NYSE:CIB) is expected 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 registering for the company’s earnings conference call can do so using this link.

Bancolombia Price Performance

CIB opened at $40.75 on Monday. The stock has a 50-day moving average price of $34.62 and a 200-day moving average price of $33.13. 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 PE ratio of 6.46, a P/E/G ratio of 2.27 and a beta of 1.22. Bancolombia has a 1 year low of $30.25 and a 1 year high of $41.00.

Bancolombia Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Monday, December 30th were given a $0.8044 dividend. This represents a $3.22 annualized dividend and a dividend yield of 7.90%. 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 Bancolombia from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $40.00 to $53.00 in a research report 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.