Bancolombia (NYSE:CIB) Issues Earnings Results

Bancolombia (NYSE:CIB - Get Free Report) posted its quarterly earnings data on Thursday. The bank reported $1.57 EPS for the quarter, beating the consensus estimate of $1.35 by $0.22, Zacks reports. Bancolombia had a net margin of 13.46% and a return on equity of 14.75%. The business had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.41 billion.

Bancolombia Stock Down 1.5 %

NYSE:CIB traded down $0.64 during mid-day trading on Friday, hitting $42.80. The stock had a trading volume of 450,763 shares, compared to its average volume of 433,819. The stock has a 50-day simple moving average of $35.50 and a two-hundred day simple moving average of $33.46. The company has a market capitalization of $10.29 billion, a PE ratio of 6.78, a PEG ratio of 2.36 and a beta of 1.22. Bancolombia has a twelve month low of $30.25 and a twelve month high of $44.25. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.34.

Analysts Set New Price Targets

Separately, Morgan Stanley raised shares of Bancolombia from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $40.00 to $53.00 in a research note 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.