BanColombia S.A. which can be found using ticker (CIB) have now 9 analysts in total covering the stock. The consensus rating is pointing to ‘Buy’. The target price High/Low ranges between 41 and 28.8 and has a mean target at $35.94. Given that the stocks previous close was at $28.98 this now indicates there is a potential upside of 24.0%. There is a 50 day moving average of $25.97 and the 200 day moving average is $27.25. The total market capitalization for the company now stands at $7,702m. Company Website: https://www.grupobancolombia.com
The potential market cap would be $9,552m based on the market consensus.
Bancolombia S.A. provides banking products and services in Colombia, Panama, Puerto Rico, El Salvador, Bermuda, and Guatemala. The company operates through nine segments: Banking Colombia, Banking Panama, Banking El Salvador, Banking Guatemala, Trust, Investment Banking, Brokerage, International Banking, and All Other. It offers checking and savings accounts, fixed term deposits, and investment products; trade financing, loans funded by domestic development banks, working capital loans, credit cards, personal and vehicle loans, payroll loans, and overdrafts; factoring; and financial and operating leasing services. The company also provides hedging instruments, including futures, forwards, options, and swaps; and brokerage, investment advisory, and private banking services, including selling and distributing equities, futures, foreign currencies, fixed income securities, mutual funds, and structured products. In addition, it offers cash management services; foreign currency transaction services; life, auto, commercial, and homeowner’s insurance products; telephone and mobile phone banking services; and online and computer banking services. Further, the company provides project and acquisition finance, loan syndication, corporate loans, debt and equity capital markets, principal investments, M&A, hedging strategies, restructurings, and structured financing; money market accounts, mutual and pension funds, private equity funds, payment and corporate trust, and custody; internet-based trading platform; inter-bank lending and repurchase agreements; managing escrow accounts, and investment and real estate funds; and transportation, securities brokerage, maintenance and remodeling, and outsourcing services, as well as provides technology services. Bancolombia S.A. was founded in 1875 and is headquartered in Medellín, Colombia.
The company has a dividend yield of 8.69% with the ex dividend date set at 30-3-2023 (DMY).
