Bancolombia (NYSE:CIB – Get Free Report) posted its quarterly earnings data on Thursday. The bank reported $1.57 earnings per share for the quarter, topping 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%.
Bancolombia Stock Up 4.7 %
CIB stock opened at $43.46 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.34. Bancolombia has a 1 year low of $30.25 and a 1 year high of $44.25. The company has a fifty day simple moving average of $35.31 and a 200 day simple moving average of $33.38. The firm has a market cap of $10.45 billion, a PE ratio of 6.89, a PEG ratio of 2.36 and a beta of 1.22.
Analysts Set New Price Targets
Separately, Morgan Stanley upgraded shares of Bancolombia from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $40.00 to $53.00 in a report on Tuesday, January 28th.
About Bancolombia
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.
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