Buy $CIB - NRPicks 28 May

NYSE:CIB   BanColombia S.A.
Bancolombia S.A. offers various banking products and services to individual and corporate customers in Colombia, Panama, Puerto Rico, El Salvador, Costa Rica, and Guatemala. The company operates through eight segments: Colombia Banking, Panama Banking, El Salvador Banking, El Salvador Banking, Guatemala Banking, Trust, Investment Banking, Brokerage and Off Shore.

Colombia had an intense month with demonstrations against the government and the tax reform that ended up being withdrawn but opened the way for new petitions showing the widespread discontent of the Colombian population and no doubt the uncertainty brought concern in investors who decided to pull out and therefore shares of Bancolombia and other Colombian companies fell, however, Bancolombia's financials remain strong and should see a gradual recovery in asset quality, aided by an accelerated digital transformation, which should help profitability

- Value
- P/S 1.60
- P/B 1.03
- Dividend yield 3.68%.
Trade closed: stop reached:
June 29


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