BanColombia SA – Consensus indicates downside potential of -0.3%

BanColombia SA with ticker code (CIB) now have 10 total analysts covering the stock. The consensus rating is “Hold”. The target price ranges between 40.7 and 23.66 calculating the average target price we see 33.44. Together with the stock’s previous close at 33.54, this indicates that there is downside potential of -0.3%. The 50-day moving average now sits at 33.29 and the 200-day moving average is at 32.12. The market cap of the company is $8,144 million. You can visit the company’s website by visiting: https://www.grupobancolombia.com

The potential market capitalization would be $8,120 million based on market consensus.

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Bancolombia SA provides various banking products and services to individuals and businesses in Colombia, Panama, Puerto Rico, El Salvador, Costa Rica and Guatemala. The Company operates through nine segments: Bank Colombia, Bank Panama, Bank El Salvador, Bank Guatemala, Trust, Investment Bank, Brokerage, International Bank and All Others. It offers checking and savings accounts, term deposits and investment products; trade finance, loans financed by national development banks, working capital loans, credit cards, personal and car loans, payday loans and overdrafts; financial support for real estate developers and mortgage loans for individuals and businesses; and financial and operating leasing services. The Company also provides hedging instruments, including futures, futures, options and swaps; and brokerage, investment advisory and private banking services, including the sale and distribution of stocks, futures, foreign currencies, fixed income securities, mutual funds and structured products . In addition, it offers cash management services; foreign currency transaction services; life, auto, business and home insurance products; and online banking and computer services. In addition, the Company provides investment banking services including project and acquisition financing, debt and equity capital markets, principal investments, mergers and acquisitions, restructurings and structured finance; money market accounts, mutual funds and pension funds, private equity funds, payout trust, custodial and corporate trust; and digital banking platform, transportation, securities brokerage, maintenance and renovation, advertising and marketing, outsourcing services, as well as credit cards. As of December 31, 2020, it operated 1,057 branches; 18,631 banking correspondents; 535 PAM; 215 kiosks in El Salvador and 137 in Colombia; and 6,124 ATMs. Bancolombia SA was incorporated in 1945 and is headquartered in Medellín, Colombia.

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