BanColombia SA (CIB): Today's Featured Banking Winner

BanColombia ( CIB) pushed the Banking industry higher today making it today's featured banking winner. The industry as a whole closed the day down 0.4%. By the end of trading, BanColombia rose 42 cents (0.6%) to $68.31 on heavy volume. Throughout the day, 588,503 shares of BanColombia exchanged hands as compared to its average daily volume of 351,200 shares. The stock ranged in a price between $67.14-$68.80 after having opened the day at $68.80 as compared to the previous trading day's close of $67.89. Other companies within the Banking industry that increased today were: Central Federal ( CFBK), up 34.2%, United Community Financial Corporation ( UCFC), up 22.5%, First California Financial Group ( FCAL), up 19.6%, and Hawthorn ( HWBK), up 14.6%.

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. BanColombia has a market cap of $8.81 billion and is part of the financial sector. The company has a P/E ratio of 11.2, below the average banking industry P/E ratio of 15.9 and below the S&P 500 P/E ratio of 17.7. Shares are up 14% year to date as of the close of trading on Tuesday. Currently there are no analysts that rate BanColombia a buy, four analysts rate it a sell, and two rate it a hold.

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.

On the negative front, Princeton National Bancorp ( PNBC), down 10.1%, Britton & Koontz Capital Corporation ( BKBK), down 10%, FNB United ( FNBN), down 10%, and Broadway Financial ( BYFC), down 8.1%, were all losers within the banking industry with Bank of America Corporation ( BAC) being today's banking industry loser.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the banking industry could consider KBW Bank ETF ( KBE) while those bearish on the banking industry could consider ProShares Short KBW Regional Bankng ( KRS).
null

If you liked this article you might like

Ex-Dividends To Watch: 3 Stocks Going Ex-Dividend Tomorrow: CAFD, HEI.A, CIB

3 Stocks Improving Performance Of The Financial Sector

CIB, LYG And BMO, Pushing Financial Sector Downward

BanColombia (CIB) Weak On High Volume

Dividend Watch: 3 Stocks Going Ex-Dividend Monday: TEI, HASI, CIB