$0.95 EPS Expected for Bancolombia SA (NYSE:CIB) This Quarter

Equities research analysts predict that Bancolombia SA (NYSE:CIB) will announce earnings of $0.95 per share for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for Bancolombia’s earnings, with the lowest EPS estimate coming in at $0.90 and the highest estimate coming in at $1.02. Bancolombia reported earnings per share of $0.84 during the same quarter last year, which suggests a positive year-over-year growth rate of 13.1%. The company is scheduled to report its next quarterly earnings report after the market closes on Monday, August 5th.

According to Zacks, analysts expect that Bancolombia will report full-year earnings of $4.08 per share for the current financial year, with EPS estimates ranging from $3.93 to $4.36. For the next year, analysts expect that the business will post earnings of $4.91 per share, with EPS estimates ranging from $4.79 to $5.04. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Bancolombia.

Bancolombia (NYSE:CIB) last released its earnings results on Thursday, May 9th. The bank reported $1.09 EPS for the quarter, topping the Zacks’ consensus estimate of $0.98 by $0.11. Bancolombia had a return on equity of 11.81% and a net margin of 15.03%. The firm had revenue of $1.09 billion during the quarter.

Several research analysts have recently weighed in on the company. Zacks Investment Research downgraded Bancolombia from a “buy” rating to a “hold” rating in a research note on Monday, May 13th. Credit Suisse Group downgraded Bancolombia from a “neutral” rating to an “underperform” rating in a research note on Tuesday, April 30th. Citigroup raised Bancolombia from a “neutral” rating to a “buy” rating in a research note on Wednesday, April 17th. Finally, ValuEngine downgraded Bancolombia from a “buy” rating to a “hold” rating in a research note on Monday, April 1st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $54.00.

Shares of CIB stock traded up $0.08 during trading hours on Wednesday, hitting $51.35. 7,466 shares of the company’s stock were exchanged, compared to its average volume of 313,892. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $12.40 billion, a price-to-earnings ratio of 14.74 and a beta of 0.70. The business’s 50 day moving average price is $48.03. Bancolombia has a fifty-two week low of $35.52 and a fifty-two week high of $55.40.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Thursday, June 27th will be given a dividend of $0.3339 per share. This represents a $1.34 annualized dividend and a dividend yield of 2.60%. The ex-dividend date is Wednesday, June 26th. Bancolombia’s payout ratio is 36.78%.

Institutional investors and hedge funds have recently modified their holdings of the stock. Bank of Montreal Can increased its stake in shares of Bancolombia by 16,448.8% in the fourth quarter. Bank of Montreal Can now owns 7,116 shares of the bank’s stock worth $270,000 after purchasing an additional 7,073 shares in the last quarter. Lindbrook Capital LLC purchased a new position in Bancolombia during the fourth quarter valued at approximately $31,000. PNC Financial Services Group Inc. grew its stake in Bancolombia by 37.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,914 shares of the bank’s stock valued at $73,000 after acquiring an additional 519 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Bancolombia by 1.1% during the fourth quarter. Bank of New York Mellon Corp now owns 214,633 shares of the bank’s stock valued at $8,177,000 after acquiring an additional 2,356 shares in the last quarter. Finally, Advisor Group Inc. grew its stake in Bancolombia by 6.0% during the fourth quarter. Advisor Group Inc. now owns 5,567 shares of the bank’s stock valued at $212,000 after acquiring an additional 317 shares in the last quarter. Hedge funds and other institutional investors own 7.31% of the company’s stock.

About Bancolombia

Bancolombia SA provides various banking products and services to individual, corporate, and government customers in Colombia, Latin America, and the Caribbean region. The company operates in nine segments: Banking Colombia, Banking Panama, Banking El Salvador, Banking Guatemala, Trust, Investment Banking, Brokerage, Off Shore, and All Other.

See Also: What is a stock split?

Get a free copy of the Zacks research report on Bancolombia (CIB)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Bancolombia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bancolombia and related companies with MarketBeat.com's FREE daily email newsletter.