Bancolombia S.A. (NYSE:CIB - Get Free Report) saw a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 241,200 shares, an increase of 41.9% from the November 30th total of 170,000 shares. Based on an average daily volume of 245,100 shares, the short-interest ratio is presently 1.0 days. Approximately 0.2% of the shares of the company are short sold.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of CIB. Venturi Wealth Management LLC purchased a new position in shares of Bancolombia during the third quarter worth $27,000. Blue Trust Inc. grew its position in Bancolombia by 96.5% during the 3rd quarter. Blue Trust Inc. now owns 1,305 shares of the bank's stock worth $43,000 after purchasing an additional 641 shares during the period. Signaturefd LLC raised its stake in shares of Bancolombia by 10.6% during the 2nd quarter. Signaturefd LLC now owns 5,053 shares of the bank's stock valued at $165,000 after buying an additional 484 shares during the last quarter. 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 buying an additional 839 shares during the period. Finally, AXA S.A. purchased a new stake in shares of Bancolombia in the second quarter worth about $192,000.
Bancolombia Stock Performance
Shares of NYSE CIB traded down $0.38 during mid-day trading on Monday, hitting $31.67. The stock had a trading volume of 194,702 shares, compared to its average volume of 260,663. The firm has a market cap of $7.62 billion, a PE ratio of 5.02, a PEG ratio of 3.47 and a beta of 1.22. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.00 and a current ratio of 1.00. The company has a 50 day moving average of $32.34 and a two-hundred day moving average of $32.54. Bancolombia has a twelve month low of $30.25 and a twelve month high of $37.85.
Bancolombia Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 13th. Stockholders of record on Monday, December 30th will be issued a $0.8044 dividend. This represents a $3.22 dividend on an annualized basis and a dividend yield of 10.16%. The ex-dividend date is Monday, December 30th. Bancolombia's dividend payout ratio is presently 50.87%.
About Bancolombia
(
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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.
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