Why should you buy stock in Bancolombia S.A. (CIB)?

Bancolombia S.A. (NYSE: CIB) is -52.97% lower on its value in year-to-date trading and has touched a low of $16.27 and a high of $56.10 in the current 52-week trading range. The CIB stock was last observed hovering at around $25.63 in the last trading session, with the day’s gains setting it 0.14%.

Currently trading at $25.77, the stock is 6.54% and 5.99% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.53 million and changing 0.55% at the moment leaves the stock -41.66% off its SMA200. CIB registered -44.58% loss for a year compared to 6-month loss of -49.20%. The firm has a 50-day simple moving average (SMA 50) of $25.02 and a 200-day simple moving average (SMA200) of $41.13.

The stock witnessed a 1.78% gain in the last 1 month and extending the period to 3 months gives it a -46.70%, and is 9.80% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.23% over the week and 4.80% over the month.

Bancolombia S.A. (CIB) has around 31075 employees, a market worth around $6.20B and $4.72B in sales. Current P/E ratio is 8.89 and Fwd P/E is 7.91. Profit margin for the company is 15.00%. Distance from 52-week low is 58.39% and -54.06% from its 52-week high. The company has generated returns on investments over the last 12 months (10.40%).

Bancolombia S.A. (CIB) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Bancolombia S.A. (CIB) is a “Hold”. 12 analysts offering their recommendations for the stock have an average rating of 2.80, where 7 rate it as a Hold and 0 think it is a “Overweight”. 3 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.

Bancolombia S.A. quarterly earnings per share for the current quarter are estimated at $0.83 with sales reaching $1.01B over the same period.The EPS is expected to grow by 17.20% this year, but quarterly earnings will post 8.50% year-over-year. Quarterly sales are estimated to shrink -20.70% in year-over-year returns.

Bancolombia S.A. (CIB) Top Institutional Holders

277 institutions hold shares in Bancolombia S.A. (CIB), with 48.09k shares held by insiders accounting for 0.02% while institutional investors hold 43.26% of the company’s shares. The shares outstanding are 240.46M, and float is at 107.25M with Short Float at 0.44%. Institutions hold 43.25% of the Float.

Bancolombia S.A. (CIB): Who are the competitors?

The company’s main competitors (and peers) include Banco Latinoamericano de Comercio Exterior S.A (BLX) that is trading -38.09% down over the past 12 months. Banco Santander S.A. (SAN) is -46.95% down on the 1-year trading charts. Short interest in the company’s stock has risen 0.92% from the last report on Apr 14, 2020 to stand at a total of 0.47 million short shares sold with a short interest ratio of 0.73.