Bancolombia SA (CIB) Sees Unusually-High Trading Volume
Bancolombia SA (NYSE:CIB) shares saw unusually-high trading volume on Friday . Approximately 414,840 shares changed hands during mid-day trading, an increase of 4% from the previous session’s volume of 397,014 shares.The stock last traded at $39.12 and had previously closed at $39.23.
CIB has been the subject of several analyst reports. Zacks Investment Research cut Bancolombia SA from a “buy” rating to a “hold” rating in a report on Tuesday, May 17th. HSBC lowered Bancolombia SA from a “buy” rating to a “hold” rating in a research note on Wednesday, May 25th. Finally, Deutsche Bank AG upgraded Bancolombia SA from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a research note on Monday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. Bancolombia SA presently has a consensus rating of “Hold” and a consensus target price of $38.63.
The stock has a market capitalization of $9.48 billion and a P/E ratio of 11.98. The company has a 50 day moving average of $35.99 and a 200-day moving average of $34.53.
A hedge fund recently raised its stake in Bancolombia SA stock. Schwab Charles Investment Management Inc. boosted its position in shares of Bancolombia SA (NYSE:CIB) by 17.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,480 shares of the company’s stock after buying an additional 8,960 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Bancolombia SA were worth $1,618,000 at the end of the most recent reporting period.
Bancolombia SA is a commercial bank. The Bank provides financial products and services to a diversified individual, corporate and government customer base throughout Colombia, Latin America and the Caribbean region. The Bank and its subsidiaries offer savings and investment, financing, mortgage banking, factoring, financial and operating leases, capital markets, eTrading, cash management, foreign currency, insurance, investment banking, and trust and fiduciary services.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.