Buy $CIB- NRPicks 21 Mar

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

To enter in context, GDP in the fourth quarter recorded an annual negative variation of 3.6% and a year-on-year contraction of 6.8%. This result shows that economic activity experienced a process of clear improvement with better-than-expected results. As for the pandemic, Colombia has not yet exceeded the most difficult levels but investors have good expectations.

As for the company reported losses per share of -0.309 and quarterly revenue of $1.07B

- Value
- P/S 1.60
- P/B 1.03
- Dividend Yield 3.68%

- Support at $32
- Average RSI levels
- MACD Level (12, 26) -3.04
Trade closed: stop reached:
29 Abr


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