Bancolombia S.A. (NYSE:CIB) Short Interest Update

Bancolombia S.A. (NYSE:CIB) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totalling 295,800 shares, a growth of 10.4% from the August 31st total of 268,000 shares. Based on an average trading volume of 241,800 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.3% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. The Goldman Sachs Group downgraded Bancolombia from a “neutral” rating to a “sell” rating and lowered their target price for the company from $34.00 to $32.00 in a research note on Tuesday, August 20th. JPMorgan Chase & Co. dropped their price objective on Bancolombia from $36.00 to $35.00 and set an “underweight” rating on the stock in a report on Monday, August 12th. Finally, Bank of America cut shares of Bancolombia from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $38.00 to $34.00 in a research note on Thursday, August 29th. Three equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $32.40.

Bancolombia Stock Down 0.4 %

Shares of NYSE CIB traded down $0.14 during mid-day trading on Tuesday, reaching $31.24. 307,372 shares of the company traded hands, compared to its average volume of 268,169. The company’s fifty day moving average is $32.55 and its two-hundred day moving average is $33.59. Bancolombia has a fifty-two week low of $24.15 and a fifty-two week high of $37.85. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market cap of $7.51 billion, a PE ratio of 4.91, a price-to-earnings-growth ratio of 3.25 and a beta of 1.23.

Bancolombia (NYSE:CIB) last issued its quarterly earnings data on Thursday, August 8th. The bank reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.01. The business had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.82 billion. Bancolombia had a net margin of 13.73% and a return on equity of 15.68%. On average, analysts expect that Bancolombia will post 5.99 earnings per share for the current year.

Bancolombia Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 27th will be issued a dividend of $0.8456 per share. This represents a $3.38 dividend on an annualized basis and a yield of 10.83%. The ex-dividend date of this dividend is Friday, September 27th. Bancolombia’s dividend payout ratio (DPR) is 53.14%.

Institutional Investors Weigh In On Bancolombia

Several hedge funds and other institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. grew its holdings in Bancolombia by 6.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 9,644 shares of the bank’s stock valued at $297,000 after buying an additional 599 shares during the last quarter. Trexquant Investment LP raised its stake in Bancolombia by 55.9% during the 4th quarter. Trexquant Investment LP now owns 20,415 shares of the bank’s stock valued at $628,000 after purchasing an additional 7,319 shares during the last quarter. Parallel Advisors LLC raised its stake in Bancolombia by 164.9% during the 4th quarter. Parallel Advisors LLC now owns 2,069 shares of the bank’s stock valued at $64,000 after purchasing an additional 1,288 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in Bancolombia in the 4th quarter valued at $683,000. Finally, C Partners Holding GmbH grew its position in Bancolombia by 7.5% in the 4th quarter. C Partners Holding GmbH now owns 818,496 shares of the bank’s stock worth $25,185,000 after purchasing an additional 56,977 shares during the last quarter.

Bancolombia Company Profile

Bancolombia SA, together with its subsidiaries, provides banking products and services in Colombia and internationally. The company operates through nine segments: Banking Colombia, Banking Panama, Banking El Salvador, Banking Guatemala, Trust, Investment Banking, Brokerage, International Banking, and All Other.