BanColombia SA with ticker code (CIB) now have 10 analysts covering the stock. Analyst consensus points to a ‘Hold’ rating. The target price ranges between 40.7 and 23.66, with the average target price standing at 33.44. Together with the stock’s previous close at 39.75, this indicates that there is downside potential of -15.9%. The 50-day MA is 40.54 and the 200-day moving average is 35.98. The company has a market cap of $9,017 million. You can visit the company’s website by visiting: https://www.grupobancolombia.com
The potential market capitalization would be $7,586 million based on market consensus.
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Bancolombia SA provides banking products and services 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; factoring; 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 project and acquisition finance, debt and equity capital markets, principal investments, mergers and acquisitions, hedging strategies, restructurings and structured finance; money market accounts, mutual funds and pension funds, private equity funds, payment and corporate trust, and custody; Internet trading platform; interbank loan and repurchase agreements; the management of escrow accounts and investment and real estate funds; and transportation, securities brokerage, maintenance and renovation, and outsourcing services. As of December 31, 2021, it operated 1,015 branches; 28,676 banking correspondents; 529 PAM; 210 kiosks in El Salvador and 187 in Colombia; and 6,094 ATMs. Bancolombia SA was incorporated in 1945 and is headquartered in Medellín, Colombia.