Crossmark Global Holdings Inc. Sells 850 Shares of Bancolombia S.A. (NYSE:CIB)

Crossmark Global Holdings Inc. cut its stake in shares of Bancolombia S.A. (NYSE:CIB) by 12.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,114 shares of the bank’s stock after selling 850 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Bancolombia were worth $200,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in CIB. Stokes Family Office LLC boosted its position in Bancolombia by 1.9% in the second quarter. Stokes Family Office LLC now owns 25,883 shares of the bank’s stock valued at $845,000 after buying an additional 473 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings 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 valued at $297,000 after acquiring an additional 599 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its position in Bancolombia by 14.2% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 9,729 shares of the bank’s stock worth $299,000 after acquiring an additional 1,208 shares during the last quarter. Parallel Advisors LLC increased its holdings in Bancolombia by 164.9% in the 4th quarter. Parallel Advisors LLC now owns 2,069 shares of the bank’s stock worth $64,000 after purchasing an additional 1,288 shares in the last quarter. Finally, Virtus Investment Advisers Inc. bought a new position in Bancolombia in the first quarter valued at about $89,000.

Bancolombia Stock Up 0.5 %

Shares of NYSE:CIB opened at $32.85 on Friday. The business’s 50-day moving average is $33.08 and its 200-day moving average is $33.65. Bancolombia S.A. has a 1 year low of $24.15 and a 1 year high of $37.85. The company has a market capitalization of $7.90 billion, a price-to-earnings ratio of 5.17, a P/E/G ratio of 3.31 and a beta of 1.22. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.03 and a quick ratio of 1.03.

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

Wall Street Analyst Weigh In

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

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.