Core Viewpoint - Bancolombia (CIB) has shown significant stock performance, with a 13.2% increase over the past month and a 58.5% rise since the beginning of the year, outperforming both the Zacks Finance sector and the Zacks Banks - Foreign industry [1] Financial Performance - Bancolombia has consistently exceeded earnings expectations, reporting an EPS of $1.79 against a consensus estimate of $1.66 in its last earnings report [2] - For the current fiscal year, Bancolombia is projected to achieve earnings of $6.79 per share on revenues of $6.87 billion, reflecting a 7.78% increase in EPS and a 3.91% increase in revenues [3] - The following fiscal year is expected to see earnings of $7.09 per share on revenues of $7.27 billion, indicating year-over-year changes of 4.37% and 5.91%, respectively [3] Valuation Metrics - Bancolombia's stock trades at 7.4X current fiscal year EPS estimates, below the peer industry average of 10.7X, and at 6.9X trailing cash flow compared to the peer group's average of 9.5X [7] - The stock has a PEG ratio of 1.04, positioning it favorably among value stocks [7] Zacks Rank and Style Scores - Bancolombia holds a Zacks Rank of 2 (Buy) due to positive earnings estimate revisions from analysts, making it a suitable choice for investors [8] - The stock has a Value Score of A, a Growth Score of A, and a Momentum Score of B, resulting in a combined VGM Score of A [6] Industry Comparison - In comparison to industry peers, Credicorp Ltd. (BAP) also shows strong performance with a Zacks Rank of 2 (Buy) and similar value and growth scores [9] - Credicorp is expected to post earnings of $23.31 per share on revenues of $6.39 billion for the current fiscal year, having beaten consensus estimates by 8.90% last quarter [10]
BanColombia S.A. (CIB) Hits Fresh High: Is There Still Room to Run?