BNP Paribas Arbitrage SA grew its stake in Bancolombia SA (NYSE:CIB) by 167.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 621 shares of the bank’s stock after purchasing an additional 389 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Bancolombia were worth $32,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of the company. Advisor Group Inc. grew its stake in shares of Bancolombia by 6.0% in the fourth quarter. Advisor Group Inc. now owns 5,567 shares of the bank’s stock valued at $212,000 after acquiring an additional 317 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Bancolombia by 37.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,914 shares of the bank’s stock valued at $73,000 after acquiring an additional 519 shares in the last quarter. Lindbrook Capital LLC acquired a new position in shares of Bancolombia in the fourth quarter valued at about $31,000. Nomura Asset Management Co. Ltd. grew its stake in shares of Bancolombia by 14.0% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 7,551 shares of the bank’s stock valued at $288,000 after acquiring an additional 930 shares in the last quarter. Finally, Bartlett & Co. LLC acquired a new position in shares of Bancolombia in the first quarter valued at about $64,000. 7.31% of the stock is currently owned by institutional investors.
Several research firms recently commented on CIB. Zacks Investment Research downgraded shares of Bancolombia from a “buy” rating to a “hold” rating in a research note on Monday, May 13th. ValuEngine upgraded shares of Bancolombia from a “hold” rating to a “buy” rating in a research note on Thursday, March 21st. Citigroup upgraded shares of Bancolombia from a “neutral” rating to a “buy” rating in a research note on Wednesday, April 17th. Credit Suisse Group downgraded shares of Bancolombia from a “neutral” rating to an “underperform” rating in a research note on Tuesday, April 30th. Finally, JPMorgan Chase & Co. upgraded shares of Bancolombia from an “underweight” rating to a “neutral” rating in a research note on Monday, February 25th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $54.00.
Shares of Bancolombia stock opened at $49.20 on Friday. The stock has a market cap of $11.99 billion, a price-to-earnings ratio of 14.14 and a beta of 0.70. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.10 and a current ratio of 1.10. Bancolombia SA has a 12-month low of $35.52 and a 12-month high of $55.40.
Bancolombia (NYSE:CIB) last announced its quarterly earnings data on Thursday, May 9th. The bank reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.11. The firm had revenue of $1.09 billion for the quarter. Bancolombia had a net margin of 15.03% and a return on equity of 11.81%. On average, analysts predict that Bancolombia SA will post 4.07 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Thursday, June 27th will be paid a dividend of $0.3339 per share. The ex-dividend date is Wednesday, June 26th. This represents a $1.34 dividend on an annualized basis and a yield of 2.71%. Bancolombia’s payout ratio is 36.78%.
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Bancolombia SA provides various banking products and services to individual, corporate, and government customers in Colombia, Latin America, and the Caribbean region. The company operates in nine segments: Banking Colombia, Banking Panama, Banking El Salvador, Banking Guatemala, Trust, Investment Banking, Brokerage, Off Shore, and All Other.
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