Bancolombia (NYSE:CIB) Sees Large Volume Increase - What's Next?

Bancolombia S.A. (NYSE:CIB - Get Free Report) saw an uptick in trading volume on Friday . 313,899 shares were traded during trading, an increase of 14% from the previous session's volume of 276,337 shares.The stock last traded at $35.24 and had previously closed at $34.43.

Bancolombia Trading Up 3.4 %

The stock has a market cap of $8.56 billion, a PE ratio of 5.64, a price-to-earnings-growth ratio of 1.87 and a beta of 1.20. The stock has a 50-day moving average price of $32.61 and a two-hundred day moving average price of $32.50. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.00 and a quick ratio of 1.00.

Bancolombia Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Monday, December 30th were given a dividend of $0.8044 per share. The ex-dividend date of this dividend was Monday, December 30th. This represents a $3.22 dividend on an annualized basis and a dividend yield of 9.04%. Bancolombia's payout ratio is 50.71%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Venturi Wealth Management LLC bought a new position in shares of Bancolombia in the 3rd quarter valued at about $27,000. Blue Trust Inc. lifted its holdings in shares of Bancolombia by 96.5% in the 3rd quarter. Blue Trust Inc. now owns 1,305 shares of the bank's stock valued at $43,000 after acquiring an additional 641 shares during the last quarter. R Squared Ltd bought a new position in shares of Bancolombia in the 4th quarter valued at about $121,000. US Bancorp DE lifted its holdings in shares of Bancolombia by 18.9% in the 3rd quarter. US Bancorp DE now owns 5,282 shares of the bank's stock valued at $166,000 after acquiring an additional 839 shares during the last quarter. Finally, AXA S.A. bought a new position in shares of Bancolombia in the 2nd quarter valued at about $192,000.

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.