Bancolombia SA (CIB) Shares Down 1%
Bancolombia SA (NYSE:CIB) fell 1% on Monday . The stock traded as low as $38.95 and last traded at $39.03, with a volume of 197,520 shares trading hands. The stock had previously closed at $39.43.
Several research firms have recently commented on CIB. Zacks Investment Research downgraded shares of Bancolombia SA from a “buy” rating to a “hold” rating in a research note on Tuesday, June 21st. HSBC downgraded shares of Bancolombia SA from a “buy” rating to a “hold” rating in a research note on Wednesday, May 25th. Finally, Deutsche Bank AG upgraded shares of Bancolombia SA from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a research note on Monday, August 22nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $38.63.
The firm has a market capitalization of $9.40 billion and a PE ratio of 11.88. The stock 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 filing with the Securities and Exchange Commission. The fund 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 as of its most recent filing with the SEC.
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.
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