Signaturefd LLC Boosts Stake in Bancolombia S.A. (NYSE:CIB)

Signaturefd LLC increased its position in Bancolombia S.A. (NYSE:CIB) by 10.6% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 5,053 shares of the bank’s stock after purchasing an additional 484 shares during the period. Signaturefd LLC’s holdings in Bancolombia were worth $165,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Personalized Indexing Management LLC raised its stake in Bancolombia by 14.2% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 9,729 shares of the bank’s stock valued at $299,000 after acquiring an additional 1,208 shares during the last quarter. Barings LLC raised its stake in shares of Bancolombia by 44.7% during the 4th quarter. Barings LLC now owns 155,940 shares of the bank’s stock worth $4,798,000 after buying an additional 48,185 shares in the last quarter. Baader Bank Aktiengesellschaft purchased a new position in shares of Bancolombia during the 4th quarter worth approximately $222,000. Quadrant Capital Group LLC raised its stake in shares of Bancolombia by 107.9% during the 4th quarter. Quadrant Capital Group LLC now owns 6,313 shares of the bank’s stock worth $194,000 after buying an additional 3,277 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of Bancolombia by 6.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 9,644 shares of the bank’s stock worth $297,000 after buying an additional 599 shares in the last quarter.

Bancolombia Price Performance

Shares of NYSE:CIB opened at $33.09 on Tuesday. Bancolombia S.A. has a one year low of $24.15 and a one year high of $37.85. The business’s fifty day moving average price is $33.07 and its two-hundred day moving average price is $33.66. 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 $7.96 billion, a PE ratio of 5.20, a price-to-earnings-growth ratio of 3.31 and a beta of 1.22.

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

Bancolombia Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Thursday, June 27th were given a $0.898 dividend. The ex-dividend date was Thursday, June 27th. This is a positive change from Bancolombia’s previous quarterly dividend of $0.81. This represents a $3.59 annualized dividend and a yield of 10.86%. Bancolombia’s dividend payout ratio (DPR) is 53.62%.

Analyst Ratings Changes

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

About Bancolombia

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.