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

Bancolombia S.A. (NYSE:CIB) was the target of a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 353,200 shares, a growth of 101.0% from the October 31st total of 175,700 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 268,500 shares, the short-interest ratio is currently 1.3 days.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on CIB shares. JPMorgan Chase & Co. dropped their target price on shares of Bancolombia from $36.00 to $35.00 and set an “underweight” rating for the company in a report on Monday, August 12th. The Goldman Sachs Group cut Bancolombia from a “neutral” rating to a “sell” rating and reduced their target price for the company from $34.00 to $32.00 in a research note on Tuesday, August 20th. Finally, Bank of America downgraded Bancolombia from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $38.00 to $34.00 in a report on Thursday, August 29th.

Institutional Trading of Bancolombia

A number of large investors have recently made changes to their positions in CIB. Price T Rowe Associates Inc. MD grew its holdings in shares of Bancolombia by 1,124.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 181,281 shares of the bank’s stock worth $6,205,000 after acquiring an additional 166,471 shares during the period. Virtu Financial LLC purchased a new stake in shares of Bancolombia during the 1st quarter valued at about $406,000. Swedbank AB bought a new position in shares of Bancolombia in the 1st quarter worth approximately $9,260,000. Stokes Family Office LLC boosted its holdings in shares of Bancolombia by 1.9% in the second quarter. Stokes Family Office LLC now owns 25,883 shares of the bank’s stock worth $845,000 after buying an additional 473 shares during the last quarter. Finally, Csenge Advisory Group bought a new stake in Bancolombia during the second quarter valued at approximately $654,000.

Bancolombia Stock Down 0.6 %

Bancolombia stock traded down $0.21 during trading hours on Friday, hitting $32.70. The stock had a trading volume of 94,742 shares, compared to its average volume of 266,145. The stock’s 50-day moving average price is $32.15 and its 200-day moving average price is $33.00. The stock has a market capitalization of $7.86 billion, a P/E ratio of 5.18, a price-to-earnings-growth ratio of 3.42 and a beta of 1.22. Bancolombia has a 12-month low of $27.44 and a 12-month high of $37.85. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.34.

Bancolombia Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 13th. Shareholders of record on Monday, December 30th will be given a $0.8044 dividend. This represents a $3.22 dividend on an annualized basis and a yield of 9.84%. The ex-dividend date of this dividend is Monday, December 30th. Bancolombia’s dividend payout ratio (DPR) is 50.87%.

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.