The price of Bancolombia S.A. ADR (NYSE:CIB) shares last traded on Wall Street rose 3.53% to $27.90.
Based on available information, 4 analysts follow Bancolombia S.A. ADR (NYSE:CIB). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $37.00 and a low of $28.00, we find $30.80. Given the previous closing price of $26.95, this indicates a potential upside of 14.29 percent. CIB stock price is now 5.97% away from the 50-day moving average and 5.30% away from the 200-day moving average. The market capitalization of the company currently stands at $3.15B.
Among analysts, 4 rate the stock a hold while 0 rate it a buy. Brokers who have rated the stock have averaged $31.65 as their price target over the next twelve months.
With the price target of $28.60, Jefferies recently initiated with Hold rating for Bancolombia S.A. ADR (NYSE: CIB).
A total of 0.19% of the company’s stock is owned by insiders.
A candlestick chart of Bancolombia S.A. ADR (NYSE: CIB) showed a price of $26.95 on Wednesday morning. During the past 12 months, Bancolombia S.A. ADR has had a low of $21.55 and a high of $30.89. The fifty day moving average price for CIB is $26.33 and a two-hundred day moving average price translates $26.49 for the stock.
The latest earnings results from Bancolombia S.A. ADR (NYSE: CIB) was released for Sep, 2023. According to the Banks – Regional Company, earnings per share came in at $1.45, beating analysts’ expectations of $1.4 by 0.05. This compares to $$325,849 EPS in the same period last year. The net profit margin was 7.34% and return on equity was 16.26% for CIB. The company reported revenue of $1.82 billion for the quarter, compared to $1.47 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 23.75 percent. For the current quarter, analysts expect CIB to generate $1.76B in revenue.
Bancolombia S.A. ADR(CIB) Company Profile
Bancolombia S.A. provides banking products and services in Colombia, Panama, Puerto Rico, El Salvador, Bermuda, and Guatemala. The company operates through nine segments: Banking Colombia, Banking Panama, Banking El Salvador, Banking Guatemala, Trust, Investment Banking, Brokerage, International Banking, and All Other. It offers checking and savings accounts, fixed term deposits, and investment products; trade financing, loans funded by domestic development banks, working capital loans, credit cards, personal and vehicle loans, payroll loans, and overdrafts; factoring; and financial and operating leasing services. The company also provides hedging instruments, including futures, forwards, options, and swaps; and brokerage, investment advisory, and private banking services, including selling and distributing equities, futures, foreign currencies, fixed income securities, mutual funds, and structured products. In addition, it offers cash management services; foreign currency transaction services; life, auto, commercial, and homeowner’s insurance products; telephone and mobile phone banking services; and online and computer banking services. Further, the company provides project and acquisition finance, loan syndication, corporate loans, debt and equity capital markets, principal investments, M&A, hedging strategies, restructurings, and structured financing; money market accounts, mutual and pension funds, private equity funds, payment and corporate trust, and custody; internet-based trading platform; inter-bank lending and repurchase agreements; managing escrow accounts, and investment and real estate funds; and transportation, securities brokerage, maintenance and remodeling, and outsourcing services, as well as provides technology services. Bancolombia S.A. was founded in 1875 and is headquartered in Medellín, Colombia.
