CIB Stock Summary and Trading Ideas (Bancolombia S.A. | NYSE:CIB)

BanColombia SA is a financial services company. A conglomerate of financial institutions, BanColombia offers a wide range of product offerings and financial services, including loans to small and midsize enterprises and governments, leasing, factoring, and asset management. The company's operations are in Colombia, Panama, El Salvador, the United States of America, Puerto Rico, Bermuda, and Guatemala.

Bancolombia S.A. trades on the NYSE stock market under the symbol CIB.

As of May 21, 2024, CIB stock price declined to $37.27 with 192,316 million shares trading.

CIB has a beta of 0.74, meaning it tends to be less sensitive to market movements. CIB has a correlation of 0.09 to the broad based SPY ETF.

CIB has a market cap of $8.96 billion. This is considered a Mid Cap stock.

Last quarter Bancolombia S.A. reported $1 billion in Revenue and $1.54 earnings per share. This fell short of revenue expectation by $-384 million and exceeded earnings estimates by $.04.

In the last 3 years, CIB stock traded as high as $45.98 and as low as $21.55.

The top ETF exchange traded funds that CIB belongs to (by Net Assets): VWO, VXUS, ILF, VEU, SPEM.

CIB has outperformed the market in the last year with a price return of +71.4% while the SPY ETF gained +28.5%. CIB has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +21.5% and +8.8%, respectively, while the SPY returned +7.3% and +2.9%, respectively.

CIB support price is $36.69 and resistance is $37.93 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CIB stock will trade within this expected range on the day.