Bancolombia SA (cib) Raises Dividend to $0.30 Per Share
Bancolombia SA (NYSE:cib) announced a dividend on Wednesday, June 15th. Shareholders of record on Thursday, September 29th will be paid a dividend of 0.296 per share on Thursday, September 29th. The ex-dividend date of this dividend is Tuesday, September 27th. This is a boost from Bancolombia SA’s previous dividend of $0.29.
Shares of Bancolombia SA (NYSE:CIB) opened at 38.33 on Thursday. Bancolombia SA has a 1-year low of $23.69 and a 1-year high of $42.58. The stock has a market cap of $9.22 billion, a price-to-earnings ratio of 11.64 and a beta of 0.81. The company has a 50-day moving average price of $38.50 and a 200-day moving average price of $35.78.
Several brokerages have recently commented on CIB. Zacks Investment Research lowered Bancolombia SA from a “buy” rating to a “hold” rating in a research note on Friday, September 9th. Deutsche Bank AG raised Bancolombia SA from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a research note on Monday, August 22nd. Finally, HSBC lowered Bancolombia SA from a “buy” rating to a “hold” rating in a research note on Wednesday, May 25th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. Bancolombia SA presently has a consensus rating of “Hold” and an average target price of $39.88.
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A number of large investors have recently added to or reduced their stakes in CIB. Panagora Asset Management Inc. raised its stake in Bancolombia SA by 1.6% in the second quarter. Panagora Asset Management Inc. now owns 19,001 shares of the company’s stock valued at $664,000 after buying an additional 296 shares during the period. Guggenheim Capital LLC raised its stake in shares of Bancolombia SA by 11.0% in the second quarter. Guggenheim Capital LLC now owns 71,960 shares of the company’s stock valued at $2,512,000 after buying an additional 7,155 shares during the last quarter. Parametric Portfolio Associates LLC raised its stake in shares of Bancolombia SA by 0.5% in the second quarter. Parametric Portfolio Associates LLC now owns 601,715 shares of the company’s stock valued at $21,012,000 after buying an additional 2,896 shares during the last quarter. Hsbc Holdings PLC purchased a new stake in shares of Bancolombia SA during the second quarter valued at approximately $474,000. Finally, Profund Advisors LLC raised its stake in shares of Bancolombia SA by 20.5% in the second quarter. Profund Advisors LLC now owns 7,134 shares of the company’s stock valued at $249,000 after buying an additional 1,214 shares during the last quarter. Hedge funds and other institutional investors own 12.37% of the company’s stock.
Bancolombia SA Company Profile
Bancolombia SA (Bancolombia) is a financial institution engaged in providing a range of financial products and services to a diversified individual, corporate, and government customer base throughout Colombia, Latin America and the Caribbean region. The Bank operates through 10 segments: Banking Colombia, Banking Panama, Banking El Salvador, Leasing, Trust, Investment Banking, Brokerage, Off Shore and All other.
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