Bancolombia (CIB) Expected to Announce Earnings on Tuesday

Bancolombia (NYSE:CIB - Get Free Report) will likely be posting its quarterly earnings results on Tuesday, February 18th. Analysts expect Bancolombia to post earnings of $1.35 per share and revenue of $1.41 billion for the quarter. Individual interested in registering for the company's earnings conference call can do so using this link.

Bancolombia Stock Up 1.1 %

Bancolombia stock traded up $0.43 during mid-day trading on Friday, reaching $40.75. 277,633 shares of the company were exchanged, compared to its average volume of 412,224. The business has a fifty day moving average of $34.62 and a 200 day moving average of $33.12. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market cap of $9.80 billion, a P/E ratio of 6.46, a PEG ratio of 2.27 and a beta of 1.22. Bancolombia has a 12-month low of $30.25 and a 12-month high of $41.00.

Bancolombia Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Monday, December 30th were issued a dividend of $0.8044 per share. The ex-dividend date of this dividend was Monday, December 30th. This represents a $3.22 dividend on an annualized basis and a yield of 7.90%. Bancolombia's dividend payout ratio is currently 50.71%.

Analyst Ratings Changes

Separately, Morgan Stanley upgraded Bancolombia from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $40.00 to $53.00 in a report on Tuesday, January 28th.

Bancolombia Company Profile

Bancolombia SA, together with its subsidiaries, provides banking products and services in Colombia and internationally. The company operates through nine segments: Banking Colombia, Banking Panama, Banking El Salvador, Banking Guatemala, Trust, Investment Banking, Brokerage, International Banking, and All Other.