BanColombia Rises On Unusually High Volume (CIB)

NEW YORK ( TheStreet) -- BanColombia (NYSE: CIB) is trading at unusually high volume Monday with 1.2 million shares changing hands. It is currently at four times its average daily volume and trading up $3.02 (+5.2%) at $60.93 as of 3:59 p.m. ET.

BanColombia has a market cap of $7.4 billion and is part of the financial sector and banking industry. Shares are down 2.8% year to date as of the close of trading on Friday.

Bancolombia S.A. provides financial products and services to individual and corporate customers in Colombia, Panama, El Salvador, Puerto Rico, the Cayman Islands, Peru, Brazil, the United States, and Spain. The company has a P/E ratio of 11.2, below the average banking industry P/E ratio of 15.3 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates BanColombia as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, increase in stock price during the past year, growth in earnings per share and increase in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full BanColombia Ratings Report.

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