BanColombia S.A. (NYSE:CIB) was downgraded by analysts at Santander from a “hold” rating to an “underperform” rating in a note issued to investors on Wednesday.
Several other equities analysts have also recently commented on CIB. Zacks Investment Research upgraded BanColombia from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a research note on Friday, September 15th. BidaskClub cut BanColombia from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. HSBC Holdings plc cut BanColombia from a “buy” rating to a “hold” rating in a research note on Tuesday, August 15th. Finally, Credit Suisse Group set a $45.00 target price on BanColombia and gave the company a “hold” rating in a research note on Wednesday, May 24th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $46.33.
Shares of BanColombia (NYSE CIB) traded down 1.14% during mid-day trading on Wednesday, hitting $46.66. 135,403 shares of the stock traded hands. The stock has a market cap of $11.22 billion, a PE ratio of 11.02 and a beta of 0.33. BanColombia has a one year low of $31.98 and a one year high of $48.74. The stock has a 50-day moving average of $45.23 and a 200 day moving average of $42.85.
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Institutional investors have recently added to or reduced their stakes in the company. Advisor Group Inc. boosted its stake in shares of BanColombia by 1.6% during the 2nd quarter. Advisor Group Inc. now owns 3,227 shares of the bank’s stock valued at $144,000 after buying an additional 52 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in BanColombia by 5.8% during the first quarter. Nomura Asset Management Co. Ltd. now owns 5,021 shares of the bank’s stock worth $200,000 after purchasing an additional 275 shares during the last quarter. Pinebridge Investments L.P. bought a new position in BanColombia during the second quarter worth $223,000. Tower Research Capital LLC TRC lifted its stake in BanColombia by 1,627.3% during the first quarter. Tower Research Capital LLC TRC now owns 5,700 shares of the bank’s stock worth $227,000 after purchasing an additional 5,370 shares during the last quarter. Finally, High Pointe Capital Management LLC bought a new position in BanColombia during the second quarter worth $228,000. Institutional investors own 14.96% of the company’s stock.
BanColombia 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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