Bancolombia SA (NYSE:CIB)’s share price rose 2.2% during trading on Friday . The company traded as high as $38.93 and last traded at $38.66, with a volume of 697,536 shares traded. The stock had previously closed at $37.83.

CIB has been the topic of a number of analyst reports. Zacks Investment Research cut shares of Bancolombia SA from a “buy” rating to a “hold” rating in a research report on Tuesday, May 17th. HSBC lowered shares of Bancolombia SA from a “buy” rating to a “hold” rating in a research note on Wednesday, May 25th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $35.83.

The firm has a market capitalization of $9.37 billion and a price-to-earnings ratio of 12.42. The company’s 50 day moving average price is $35.25 and its 200 day moving average price is $34.12.

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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