Somewhat Favorable Media Coverage Somewhat Unlikely to Affect BanColombia (CIB) Share Price

News headlines about BanColombia (NYSE:CIB) have been trending somewhat positive this week, according to Accern. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. BanColombia earned a daily sentiment score of 0.08 on Accern’s scale. Accern also gave headlines about the bank an impact score of 46.6155377950494 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Several brokerages recently weighed in on CIB. Zacks Investment Research upgraded BanColombia from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a research note on Tuesday, August 15th. BidaskClub downgraded BanColombia from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. HSBC Holdings plc downgraded BanColombia from a “buy” rating to a “hold” rating in a research note on Tuesday, August 15th. Finally, J P Morgan Chase & Co downgraded BanColombia from a “neutral” rating to an “underweight” rating and set a $41.00 target price for the company. in a research note on Wednesday, October 4th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $46.33.

Shares of BanColombia (CIB) opened at 44.62 on Wednesday. The company has a market cap of $10.73 billion, a P/E ratio of 10.53 and a beta of 0.32. The firm has a 50 day moving average price of $46.20 and a 200-day moving average price of $43.75. BanColombia has a 12 month low of $31.98 and a 12 month high of $48.74.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 12th. Stockholders of record on Thursday, September 28th will be issued a dividend of $0.3278 per share. This represents a $1.31 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date of this dividend is Wednesday, September 27th. This is a boost from BanColombia’s previous quarterly dividend of $0.33. BanColombia’s payout ratio is currently 28.64%.

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Several brokerages recently weighed in on CIB. Zacks Investment Research upgraded BanColombia from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a research note on Tuesday, August 15th. BidaskClub downgraded BanColombia from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. HSBC Holdings plc downgraded BanColombia from a “buy” rating to a “hold” rating in a research note on Tuesday, August 15th. Finally, J P Morgan Chase & Co downgraded BanColombia from a “neutral” rating to an “underweight” rating and set a $41.00 target price for the company. in a research note on Wednesday, October 4th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $46.33.

Shares of BanColombia (CIB) opened at 44.62 on Wednesday. The company has a market cap of $10.73 billion, a P/E ratio of 10.53 and a beta of 0.32. The firm has a 50 day moving average price of $46.20 and a 200-day moving average price of $43.75. BanColombia has a 12 month low of $31.98 and a 12 month high of $48.74.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 12th. Stockholders of record on Thursday, September 28th will be issued a dividend of $0.3278 per share. This represents a $1.31 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date of this dividend is Wednesday, September 27th. This is a boost from BanColombia’s previous quarterly dividend of $0.33. BanColombia’s payout ratio is currently 28.64%.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this piece of content on another domain, it was stolen and republished in violation of United States & international trademark & copyright law. The legal version of this piece of content can be read at https://ledgergazette.com/2017/10/11/somewhat-favorable-media-coverage-somewhat-unlikely-to-affect-bancolombia-cib-share-price-2.html.

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.

Insider Buying and Selling by Quarter for BanColombia (NYSE:CIB)

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