Bancolombia (NYSE:CIB – Get Free Report) released its earnings results on Thursday. The bank reported $1.57 earnings per share 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%.
Bancolombia Stock Performance
NYSE CIB opened at $43.46 on Friday. The firm has a market cap of $10.45 billion, a price-to-earnings ratio of 6.89, a PEG ratio of 2.36 and a beta of 1.22. The company has a 50 day moving average of $35.31 and a 200-day moving average of $33.38. 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.
Analysts Set New Price Targets
Separately, Morgan Stanley upgraded shares of Bancolombia from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $40.00 to $53.00 in a research note 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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