Bancolombia SA (CIB) Trading Down 0.9%
Bancolombia SA (NYSE:CIB) dropped 0.9% during trading on Tuesday . The stock traded as low as $38.41 and last traded at $38.57, with a volume of 331,142 shares changing hands. The stock had previously closed at $38.92.
CIB has been the subject of several recent research reports. Zacks Investment Research raised Bancolombia SA from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a report on Monday, June 20th. Deutsche Bank AG raised Bancolombia SA from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a report on Monday. Finally, HSBC cut Bancolombia SA from a “buy” rating to a “hold” rating in a report on Wednesday, May 25th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. Bancolombia SA presently has a consensus rating of “Hold” and an average price target of $38.63.
The firm has a market capitalization of $9.26 billion and a P/E ratio of 11.70. The stock has a 50 day moving average of $35.56 and a 200-day moving average of $34.40.
An institutional investor recently raised its position in Bancolombia SA stock. Schwab Charles Investment Management Inc. increased its stake 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 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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