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

Bancolombia S.A. (NYSE:CIB) saw a significant growth in short interest during the month of May. As of May 31st, there was short interest totalling 365,700 shares, a growth of 8.5% from the May 15th total of 336,900 shares. Based on an average daily volume of 286,000 shares, the days-to-cover ratio is presently 1.3 days.

Bancolombia Price Performance

Shares of NYSE CIB opened at $33.13 on Wednesday. Bancolombia has a 12-month low of $24.15 and a 12-month high of $37.85. The stock has a 50 day simple moving average of $34.35 and a 200-day simple moving average of $32.82. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.39.

Bancolombia (NYSE:CIB) last announced its earnings results on Thursday, May 9th. The bank reported $1.80 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.33. Bancolombia had a return on equity of 17.33% and a net margin of 13.64%. The firm had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the previous year, the business earned $1.54 EPS. On average, equities analysts expect that Bancolombia will post 5.98 earnings per share for the current year.

Bancolombia Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Thursday, June 27th will be paid a dividend of $0.898 per share. This is a boost from Bancolombia’s previous quarterly dividend of $0.81. This represents a $3.59 dividend on an annualized basis and a dividend yield of 10.84%. The ex-dividend date is Thursday, June 27th. Bancolombia’s payout ratio is currently 56.92%.

Hedge Funds Weigh In On Bancolombia

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Personalized Indexing Management LLC raised its position in shares of Bancolombia by 7.4% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 8,521 shares of the bank’s stock worth $227,000 after buying an additional 585 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Bancolombia by 6.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 9,644 shares of the bank’s stock valued at $297,000 after acquiring an additional 599 shares during the period. BSW Wealth Partners increased its stake in shares of Bancolombia by 4.8% during the fourth quarter. BSW Wealth Partners now owns 13,619 shares of the bank’s stock valued at $419,000 after acquiring an additional 623 shares during the period. Citigroup Inc. raised its holdings in Bancolombia by 4.9% during the third quarter. Citigroup Inc. now owns 14,297 shares of the bank’s stock worth $381,000 after purchasing an additional 668 shares in the last quarter. Finally, Signaturefd LLC lifted its position in Bancolombia by 26.1% in the fourth quarter. Signaturefd LLC now owns 4,425 shares of the bank’s stock worth $136,000 after purchasing an additional 916 shares during the period.

Analyst Ratings Changes

CIB has been the subject of a number of recent research reports. JPMorgan Chase & Co. upped their price objective on Bancolombia from $30.00 to $35.00 and gave the stock an “underweight” rating in a research note on Tuesday, April 16th. Bank of America initiated coverage on shares of Bancolombia in a report on Thursday, May 2nd. They set a “neutral” rating and a $38.00 price target for the company. One analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to data from MarketBeat.com, Bancolombia currently has a consensus rating of “Hold” and an average price target of $33.12.

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.