Bancolombia (NYSE:CIB) Announces Earnings Results

Bancolombia (NYSE:CIB) issued its earnings results on Thursday. The bank reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.22, Zacks reports. Bancolombia had a return on equity of 14.75% and a net margin of 13.46%.

Bancolombia Trading Up 3.7 %

Shares of Bancolombia stock traded up $1.53 during trading on Thursday, hitting $43.05. The stock had a trading volume of 846,156 shares, compared to its average volume of 424,466. The stock has a market cap of $10.35 billion, a PE ratio of 6.83, a PEG ratio of 2.34 and a beta of 1.22. Bancolombia has a 12 month low of $30.25 and a 12 month high of $44.25. The firm’s fifty day simple moving average is $35.10 and its 200-day simple moving average is $33.31. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.00 and a quick ratio of 1.00.

Analysts Set New Price Targets

Separately, Morgan Stanley upgraded shares of Bancolombia from an “equal weight” rating to an “overweight” rating and lifted 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.