Earnings results for Bancolombia (NYSE:CIB)
Estimate Momentum measures change in analyst sentiment over time and may be an indicator of future price movements. The Change in Consensus chart shows the current, 1 week ago, and 1 month ago consensus earnings per share (EPS*) forecasts. For the fiscal quarter endingJun 2020 , the consensus EPS* forecast has decreased over the past week from 0.43 to 0.29(32.56%) and decreased over the past month from 0.4 to 0.29(27.50%). Of the 1 analysts making quarterly forecasts, none raised and 0 lowered their forecast. For the fiscal year ending Dec 2020 , the consensus EPS* forecast has decreased over the past week from 1.18 to 0.88(0.43) and decreased over the past month from 1.89 to 1.18(37.57%). Of the 2 analysts making yearly forecasts, none raised and 2 lowered their forecast.
Bancolombia last issued its quarterly earnings data on August 6th, 2020. The bank reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by $0.67. Bancolombia has generated $3.86 earnings per share over the last year and currently has a price-to-earnings ratio of 8.2. Bancolombia has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Monday, August 17th, 2020 based off prior year’s report dates.
Analyst Opinion on Bancolombia (NYSE:CIB)
6 Wall Street analysts have issued ratings and price targets for Bancolombia in the last 12 months. Their average twelve-month price target is $28.50, suggesting that the stock has a possible upside of 8.41%. The high price target for CIB is $30.00 and the low price target for CIB is $27.00. There are currently 2 sell ratings, 3 hold ratings and 1 buy rating for the stock, resulting in a consensus rating of “Hold.”
Bancolombia has received a consensus rating of Hold. The company’s average rating score is 1.83, and is based on 1 buy rating, 3 hold ratings, and 2 sell ratings. According to analysts’ consensus price target of $28.50, Bancolombia has a potential upside of 8.4% from its current price of $26.29. Bancolombia has only been the subject of 2 research reports in the past 90 days.
Dividend Strength: Bancolombia (NYSE:CIB)
Bancolombia is a leading dividend payer. It pays a dividend yield of 4.30%, putting its dividend yield in the top 25% of dividend-paying stocks. Bancolombia has only been increasing its dividend for 1 years. The dividend payout ratio of Bancolombia is 29.53%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Bancolombia will have a dividend payout ratio of 49.14% next year. This indicates that Bancolombia will be able to sustain or increase its dividend.
Insiders buying/selling: Bancolombia (NYSE:CIB)
In the past three months, Bancolombia insiders have not sold or bought any company stock. Only 6.96% of the stock of Bancolombia is held by institutions.
Earnings and Valuation of Bancolombia (NYSE:CIB
Earnings for Bancolombia are expected to grow by 96.61% in the coming year, from $1.18 to $2.32 per share. The P/E ratio of Bancolombia is 8.22, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 17.42. The P/E ratio of Bancolombia is 8.22, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 19.58. Bancolombia has a PEG Ratio of 2.38. PEG Ratios above 1 indicate that a company could be overvalued. Bancolombia has a P/B Ratio of 0.73. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.
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