ValuEngine upgraded shares of Bancolombia (NYSE:CIB) from a buy rating to a strong-buy rating in a research note released on Wednesday.

CIB has been the topic of several other reports. Deutsche Bank downgraded Bancolombia from a buy rating to a hold rating and lowered their target price for the company from $52.00 to $45.00 in a research note on Friday, October 27th. Zacks Investment Research downgraded Bancolombia from a hold rating to a sell rating in a research note on Tuesday, November 21st. UBS Group upgraded Bancolombia from a sell rating to a hold rating in a research note on Monday. Finally, Citigroup downgraded Bancolombia from a neutral rating to a sell rating in a research note on Tuesday, January 9th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $46.00.

Bancolombia (NYSE:CIB) opened at $45.02 on Wednesday. Bancolombia has a 12 month low of $36.15 and a 12 month high of $48.74. The firm has a market capitalization of $10,508.10, a P/E ratio of 10.98, a price-to-earnings-growth ratio of 2.39 and a beta of 0.47. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.83.

Several hedge funds have recently made changes to their positions in CIB. Advisor Group Inc. grew its stake in shares of Bancolombia by 1.6% in the 2nd quarter. Advisor Group Inc. now owns 3,227 shares of the bank’s stock valued at $144,000 after purchasing an additional 52 shares during the last quarter. US Bancorp DE boosted its stake in shares of Bancolombia by 55.3% in the fourth quarter. US Bancorp DE now owns 3,835 shares of the bank’s stock valued at $152,000 after buying an additional 1,366 shares in the last quarter. First Trust Advisors LP purchased a new stake in shares of Bancolombia in the third quarter valued at approximately $230,000. Citadel Advisors LLC purchased a new stake in shares of Bancolombia in the third quarter valued at approximately $270,000. Finally, Virtu Financial LLC boosted its stake in shares of Bancolombia by 40.6% in the fourth quarter. Virtu Financial LLC now owns 7,237 shares of the bank’s stock valued at $287,000 after buying an additional 2,089 shares in the last quarter. Institutional investors own 13.18% of the company’s stock.

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About Bancolombia

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Bancolombia (NYSE:CIB)

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