News stories about Bancolombia SA (NYSE:CIB) have been trending positive on Thursday, according to AlphaOne. The research group, a division of Accern, identifies positive and negative media coverage by analyzing more than twenty million blog and news sources in real-time. AlphaOne ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Bancolombia SA earned a daily sentiment score of 0.29 on AlphaOne’s scale. AlphaOne also gave news headlines about the bank an impact score of 75 out of 100, indicating that recent media coverage is likely to have an impact on the company’s share price in the near future.
Here are some of the headlines that may have impacted AlphaOne Sentiment’s rankings:
- Banco de Desarrollo de El Salvador — Moody’s downgrades Salvadoran banks’ ratings; outlook stable (finance.yahoo.com)
- Zacks: Brokerages Expect Bancolombia SA (CIB) Will Announce Earnings of $0.89 Per Share (americanbankingnews.com)
- Short Interest in Bancolombia SA (CIB) Rises By 51.3% (americanbankingnews.com)
- Does BanColombia Make for a Suitable Value Pick Right Now? (finance.yahoo.com)
- Bancolombia SA (CIB) Given Daily News Sentiment Score of 0.46 (americanbankingnews.com)
Bancolombia SA (NYSE:CIB) traded up 1.36% during trading on Thursday, hitting $39.41. The stock had a trading volume of 249,013 shares. The stock has a 50-day moving average price of $38.81 and a 200-day moving average price of $37.54. The company has a market cap of $9.48 billion, a PE ratio of 9.73 and a beta of 0.51. Bancolombia SA has a 52 week low of $31.77 and a 52 week high of $42.58.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 13th. Stockholders of record on Monday, April 3rd were issued a dividend of $0.325 per share. This is a positive change from Bancolombia SA’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Thursday, March 30th. This represents a $1.30 annualized dividend and a dividend yield of 3.30%. Bancolombia SA’s dividend payout ratio (DPR) is presently 35.98%.
Several equities analysts have recently commented on CIB shares. Bank of America Corp lowered Bancolombia SA from a “neutral” rating to an “underperform” rating in a report on Friday, February 24th. HSBC Holdings plc raised Bancolombia SA from a “hold” rating to a “buy” rating in a report on Friday, March 17th. Finally, Zacks Investment Research raised Bancolombia SA from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a report on Tuesday, March 7th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. Bancolombia SA currently has an average rating of “Buy” and an average target price of $42.67.
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Bancolombia SA Company Profile
Bancolombia SA (Bancolombia) is a financial institution engaged in providing a range of financial products and services to a diversified individual, corporate, and government customer base throughout Colombia, Latin America and the Caribbean region. The Bank operates through 10 segments: Banking Colombia, Banking Panama, Banking El Salvador, Leasing, Trust, Investment Banking, Brokerage, Off Shore and All other.
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